STATE OF WYOMING DEPARTMENT OF AUDIT DIVISION OF BANKING (307) 777-7797 Fax (307) 777-3555 Email: jvogel@wyaudit.state.wy.us

Dave Freudenthal Governor Michael Geesey Director Jeffrey C. Vogel Commissioner

Press Release

For Immediate Release Media Contact:

02-04-2005 Jeffrey C. Vogel (307) 777-7797

The Wyoming Division of Banking has received several inquiries regarding the financial condition of the Bank of Jackson Hole. The bank continues to be profitable, well capitalized and well managed. The bank’s present capital level remains strong and exceeds that of most banks operating in Wyoming. As of December 31, 2004, the bank’s capital to assets ratio was 9.89 percent exceeding its peer group average of 9.35 percent and the state average of 9.30 percent. The Bank is operating in a safe and sound manner.

State Banking Commissioner, Jeff Vogel stated, “I have confidence with the present board of directors and senior management of the bank. Chairman and CEO Robert Biolchini, President Jeff Fuechsel, and Chief Financial Officer Rachel Harshman along with the other professionals at the bank have been helpful over the last several months and have implemented all examiner recommendations ahead of schedule. The bank remains sound and has a good understanding of the financial needs and business fluctuations in the Jackson community. There are no supervisory concerns regarding the safe and sound operation of the bank at this time.”

The Wyoming Division of Banking is responsible for the supervision and regulation of state chartered banks, trust companies and licensed non-depository financial entities operating in this state. The division operates out of the Herschler Building in Cheyenne. For more information regarding this matter or any other consumer related financial matter, please contact this office.