Federal Armored Express, Inc.
Baltimore, MD
June 1995

Bengur Bryan completed a valuation of Federal Armored for estate tax planning purposes.

Federal Armored is a leading protective services and armored car company serving primarily the Mid-Atlantic and Northeastern U.S. The Company has over 60 terminals in the US including six processing and verification centers which are located in Baltimore, Hartford, Washington, Chicago, San Francisco and Los Angeles where additional services such as deposit verification and consolidation, coin verification and wrapping and change order preparation are offered to the customer.