Schwab Committed to Independence SAN FRANCISCO, July 7 /PRNewswire-FirstCall/ -- The Charles Schwab Corporation today released the following statement from Charles R. Schwab, Chairman and CEO: "We have no interest in selling the company. We remain firmly committed to our independence, and believe we serve stockholders best by continuing Schwab's strategy as an independent company, focused on providing clients with great service at great value." The Charles Schwab Corporation (NYSE / Nasdaq: SCH), through its operating subsidiaries, provides securities brokerage and financial services to individual investors and the independent investment advisors who work with them. With over 7 million individual investor accounts and more than $1 trillion in client assets, The Charles Schwab Corporation is one of the nation's largest financial services firms. Its subsidiary Charles Schwab & Co., Inc. (member SIPC) provides a complete range of investment services and products, including an extensive selection of mutual funds; financial planning and investment advice; retirement plans; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent fee-based investment advisors. Its subsidiary Charles Schwab Bank (member FDIC) provides banking and mortgage services and products. The corporation's other operating subsidiaries include U.S. Trust Corporation (member FDIC) and CyberTrader(R), Inc. (member SIPC). These companies' Web sites can be reached at http://www.schwab.com/, http://www.schwabbank.com/, http://www.ustrust.com/, and http://www.cybertrader.com/. DATASOURCE: Charles Schwab CONTACT: media, Greg Gable, +1-415-636-5847, or investors, Rich Fowler, +1-415-636-9869, both of Charles Schwab Web site: http://www.schwab.com/

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