PRESS RELEASE

Contact: Bob Hinderaker
970-371-0863

Organizers to open a new bank in Windsor

Windsor, Colorado May 17, 2004 - It has been many years since a new locally owned bank has opened in Windsor, Colorado. That is about to change with Signature Bank’s announcement that it has filed an application with the Colorado Division of Banking and the Federal Deposit Insurance Corporation to open a new bank in Windsor. The bank will be located at 355 Eastman Park Drive in the Water Valley Village.

Unlike the plethora of out-of-town banks that have recently opened branches in Windsor, Signature Bank will open as a new bank organized and capitalized by a local investor group. The organizers include Robert Hinderaker, Martin Lind, Russ Sanford, Mike Ketterling and Brian Niess. The investment group is comprised of 52 investors, most of whom have an active interest in the Windsor community.

Mr. Hinderaker will serve as president of the bank. He was formally the president of the Windsor/Greeley market for 1st Choice Bank and, following the sale of 1st Choice Bank, served as regional president for Centennial Bank of the West. “I have personally seen what a positive impact a quality locally organized bank can have on a community, and I look forward to getting back in that environment with the opening of Signature Bank,” said Mr. Hinderaker.

An opening date for the bank has not been announced pending regulatory approval. However, organizers are hopeful to announce a date in the coming months. Following approval, the bank will open in a temporary facility on the permanent site.