BankIPO.Com Client Reaches Halfway Point in Capital Campaign.

CANAJOHARIE, N.Y. -- BankIPO.com announced today that its de novo client, Patriot Federal Bank (In Organization) continues to receive enthusiastic support from the communities of Canajoharie, Amsterdam, Gloversville and Sharon Springs for its IPO, as demonstrated by the large number of attendees at a series of recent town-hall style meetings.

Interest is high and investments brisk in the IPO offering by Patriot Federal Bank (IO), which ends the week with total subscriptions reaching 60% of its goal. Support of the IPO seems to be twofold, with a strong showing by local residents who want a new locally owned bank in town, and institutional investors who see the more immediate values as the bank starts with $10,216,000 in deposits day one due to its purchase of Trustco Bank. M&A activity in the state, which eliminates the choices consumers have for personal service banking, is also driving interest in this IPO.

Patriot Federal Bank (IO) continues to host town hall meetings for the community to tell them about their IPO opportunity. They are also still taking subscriptions from IRA or self-directed retirement sources, safe and simple methods that enable many more members of the community to participate with the Bank as investors without having to use ready cash.

Anyone interested in attending one of these town hall meetings can visit the Patriot Federal Bank (IO) website www.patriotfederalbank.com to see the current schedule of planned events. Investments into Patriot Federal Bank (IO) can be made only by obtaining a printed copy of the Offering Circular by contacting the bank or its representatives, or downloading it from this site and following the investment guidelines stated therein. Patriot Federal Bank (IO) reserves the right to refuse investments they feel would remove control of the bank from the hands of the community it is chartered in.

Forward-Looking Information - This press release contains forward-looking statements. It should be reviewed in conjunction with the Patriot Federal Bank (IO) Offering Circular, copies of which are available from Patriot Federal Bank (IO) upon request. Such publicly available information provides additional information regarding risks and uncertainties related to Patriot Federal Bank (IO) business that should be considered in evaluating "forward-looking statements."