HARB Harbor Florida Bancshares

Harbor Florida Bancshares, Inc. Announces OTS Approval of Compliance Plan FORT PIERCE, Fla., July 18 /PRNewswire-FirstCall/ -- Harbor Florida Bancshares, Inc. (NASDAQ:HARB) ("the Company"), the holding company for Harbor Federal Savings Bank ("the Bank"), announced today that on the afternoon of July 13, the Company was notified by letter from the Office of Thrift Supervision (the "OTS") that a proposed compliance plan filed at the request of OTS on June 17, 2005, had been reviewed by OTS and was deemed to be an "acceptable plan". The Company had earlier announced that it was awaiting OTS action on the proposed compliance plan. DATASOURCE: Harbor Florida Bancshares, Inc. CONTACT: Michael J. Brown, Sr., President, +1-772-460-7000, or H. Michael Callahan, CFO, +1-772-460-7009, or Toni Santiuste, Investor Relations, +1-772-460-7002, all of Harbor Florida Bancshares, Inc. Web site: http://www.harborfederal.com/

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