THE BANK OF OSWEGO LAUNCHES STOCK OFFERING
August 10, 2010 - FOR IMMEDIATE RELEASE

Lake Oswego, Oregon……The Bank of Oswego in Lake Oswego, Oregon, recently commenced an offering to sell shares of its common stock to raise up to $10 million of additional capital.

The local community bank was chartered nearly six years ago and has grown to approximately $175 million in total assets, serving primarily Lake Oswego businesses and professionals. The bank recently opened a business banking center in Sherwood, Oregon. The new capital will enable the bank to continue its growth strategy.

The shares will be offered for sale at $12.41 per share pursuant to an Offering Circular. Interested investors are asked to contact Dan Heine, President & CEO (at the contact information below) for a copy of the Offering Circular.

Dan Heine, President & CEO, commented “We are very pleased that our growth is opening an opportunity for us to share our success with more local investors and customers. The additional capital will allow our bank to continue our asset growth, expand our market share and position us to take advantage of potential opportunities that may present themselves in the future.”

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer or sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful. Offers will be made only by means of a prospectus. Investors should read the prospectus carefully before deciding whether to invest.

ABOUT THE BANK OF OSWEGO

The Bank of Oswego, a locally-owned and managed full-service bank, has two full service locations in Lake Oswego and also recently opened The Sherwood Business Banking Center in Sherwood, Oregon. The bank serves businesses, individuals, entrepreneurs, women in business, and the mature market through: complete lending and deposit services; a mobile branch courier service; online banking; complimentary ATM usage; complimentary access to a “community room” for meetings; and an “At Your Service” Concierge, who will provide expertise on local attractions, information about local events, and assistance with special arrangements.

Additional information about The Bank of Oswego, including its products, services, and banking locations, is available at www.bankofoswego.com.


Contact:

DAN HEINE, President & CEO, 503.445.3121, dheine@bankofoswego.com