July 9, 2004 - LAKE OSWEGO, OREGON...Plans are being finalized, staff is being hired, a beautiful new space is nearing completion, and soon, The Bank of Oswego will be ready to bring an entirely new style of community banking to Lake Oswego.

According to Dan Heine, CEO and co-founder of The Bank of Oswego, the new bank located in the new Lake View Village at the corner of A and State in downtown, is on track to open in Fall 2004.

Currently, special touches are being incorporated within the bank’s beautiful 7,500 square foot interior, which will welcome both customers and the community with a warm, elegant and inviting atmosphere, complete with high ceilings, soothing colors and plenty of natural light. Sylvia Silva, owner of Design Classics One, is the bank’s interior designer.

Although the bank will have a local, community focus, world-class customer service is the key feature that will set The Bank of Oswego apart. In additional to its beautiful, custom-designed space, The Bank of Oswego is forming a top-notch team of professionals who bring a combination of national experience and local expertise together for the bank’s customers. The bank will be a full-service institution, offering traditional banking products as well as specialized services, including online banking and complimentary courier services. Rather than mass-market consumer banking services, The Bank of Oswego will specifically cater to the needs of local businesses, professionals and individuals who require a more customized, personal banking approach.

The bank will focus on serving individuals, small to medium-sized businesses, women active in business, entrepreneurs and retired professionals. A Lake Oswego resident, Heine has nearly 35 years of experience in the banking industry and helped form the successful Today’s Bank in Vancouver, Wash. The Bank of Oswego will be managed by a local board of directors who have responsibility for policy formation, financial oversight and business development. The bank will initially employ 12 to 15 people. The Bank of Oswego plans to undertake a stock offering later this year. Once the stock offering circular is available, the bank will host a series of informative seminars and facility tours for potential investors interested in learning more about stock investment opportunities for the new bank. The Bank of Oswego’s charter is subject to regulatory approval with an anticipated opening in Fall 2004. It will capitalize with approximately $15 million, roughly double the amount of an average start-up bank.