October 2, 2009 - FOR IMMEDIATE RELEASE:


Lake Oswego, Oregon . . . It was reported today that The Bank of Oswego has reached $100 million in assets. The "community bank" has been open for about five years and serves the Lake Oswego and surrounding areas with a broad array of banking products and services. Specifically, it caters to the needs of local businesses and professionals who prefer a more customized, personal banking approach.

Dan Heine, President & CEO, commented that "all of us on the Board and Employee Team are extremely pleased and gratified on this significant achievement. For a bank starting from scratch and growing so successfully and, more importantly, safely, is due to the collective hard work, intelligence and discipline for adhering to old-fashioned conservative principles of banking and customer service. We thank you Lake Oswego!"

The Bank of Oswego has been recognized in a variety of ways for its business practices and leadership in the community since its inception. The Bank of Oswego has contributed over $100,000 to more than 50 non-profit and other community organizations, in addition to countless hours of employees' volunteer service. In 2007, it was honored with the "Large Business of the Year Award for outstanding support and generous contributions to the Lake Oswego community." The Bank has also been among the "Best Places To Work" during the past four years as named in the Oregon Business Magazine.

Bank Directors are: Mike Diamond, Jon Harnish, Dan Heine, Peter Kovalski, Dr. David Regan and Chris Shepanek.

The Bank of Oswego, a locally-owned and managed "community bank", has two full service locations in Lake Oswego. The Bank serves businesses, individuals, entrepreneurs, women in business, and the mature market through: complete lending and deposits services; a mobile branch courier service; on-line banking; complimentary ATM usage; complimentary access to a "Community Room" for local meetings; and, an "At Your Service" Concierge, who will provide expertise on local attractions, information about local events, and assistance with special arrangements.