Alaska Pacific Bancshares Announces Two Board Members Not Seeking Reelection.

JUNEAU, Alaska -- Alaska Pacific Bancshares, Inc. (OTCBB:AKPB) today announced that Deborah R. Marshall and Marta Ryman have both decided not to stand for reelection to its board of directors in 2007. Marshall and Ryman will both continue to serve as directors of Alaska Pacific Bancshares, Inc. and Alaska Pacific Bank until the company's 2007 Annual Meeting of Shareholders, typically held in May.

Marshall will have served on the board for sixteen years when she steps down next year, having served in recent years as the chair of the board's strategic planning and human resources committees. Marshall has served through the transition from a mutually owned savings and loan association to the commercial banking model of Alaska Pacific Bank under the parent company of Alaska Pacific Bancshares, Inc. Marshall's background as a local restaurateur, and investment consultant has served the bank well through the transformation process.

Ryman, who originally served as a member of the bank's advisory board in Sitka, Alaska, will end six years of service on the bank's board of directors. Ryman, former chairman and current director of the Shee Atika Corporation based in Sitka, Alaska, and previously retired from the State of Alaska, plans on enjoying a well-deserved retirement focused on family and friends.

Alaska Pacific Bancshares, Inc. is the holding company for Alaska Pacific Bank, a federally chartered savings bank headquartered in Juneau, Alaska, servicing the region of Southeast Alaska for over 70 years with customers throughout the state and Pacific Northwest. The bank has $184 million in total assets with six offices throughout the region, and is traded under the symbol AKPB.