BEOB BEO Bancorp (PK)

Bank of Eastern Oregon announces its new Boardman, Oregon, branch facility located at 100 City Center Drive will be open for business on January 22nd, 2008. Operations at the Bank�s current facility on NW Front Street will continue through the end of business Friday, January 18th, 2008. Said President and CEO E. George Koffler, �Bank of Eastern Oregon celebrates its ten years in the Boardman market with the opening of our new banking facility. The better location and increased floor space positions us to better serve the expanding commercial and consumer business in Boardman and development in the Port of Morrow. We are proud to occupy an anchor location in the City Center complex.� With a beautiful design by Sargent Architects of Hermiston and construction by Mike Becker General Contractor, Inc. of LaGrande, the single-story building features two drive-up banking lanes, each wide and long enough for multiple vehicles, with a drive-up ATM and Night Depository for customer convenience and safety. A high-ceiling banking floor is flanked by an expanded lending platform and support areas. The building design allows for expansion off of the wings as future needs dictate. A week-long Grand Opening Celebration is set for February 11-15, 2008. For further information, please contact Gary Propheter, EVP & Chief Operations Officer, at Bank of Eastern Oregon at gpropheter@beobank.com. About BEO Bancorp BEO Bancorp (OTCBB:BEOB) is the holding company for Bank of Eastern Oregon, which operates 11 branches and three loan production offices in nine eastern Oregon counties. Branches are located in Arlington, Ione, Heppner, Condon, Irrigon, Boardman, Burns, John Day, Prairie City, Fossil and Moro; loan production offices are located in Hermiston, Ontario, and Enterprise. Bank of Eastern Oregon also operates a mortgage division and offers brokerage services through BEO Financial Services. The bank�s web site is www.beobank.com.