September 2, 2010 - FOR IMMEDIATE RELEASE

Lake Oswego, Oregon…The Bank of Oswego’s stock offering is scheduled to close on September 15, 2010 as announced by bank officials today. The bank is offering to sell shares of its common stock to raise up to $10 million to support it’s growth.

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, before the expiration date.

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.

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, headquartered in Lake Oswego, Oregon, is a locally owned and managed full-service bank with two locations in Lake Oswego, Oregon and a Business Banking Center in Sherwood, Oregon. The Bank of Oswego was named among the “100 Fastest Growing Private Companies” by the Portland Business Journal in June of 2010. The Bank of Oswego provides bank services to businesses, individuals, entrepreneurs, women in business, and the mature markets through: complete lending and deposit services; a mobile branch courier service; 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.

For more information about The Bank of Oswego, visit

DAN HEINE, President & CEO, 503.445.3121,