BankIPO.com Client - Bank 1440 (IO) Approaches Successful Finish to Their Capital Campaign.

PHOENIX -- BankIPO.com announced today that its de novo client, Bank 1440 (In Organization), has surpassed the halfway point in its capital campaign, raising over 50% of their minimum capital requirement of $18 million.

"The fact that we surpassed our halfway point in such a short period of time demonstrates the market's appreciation for what Bank 1440 (IO) represents," said Jeff Crabb, Proposed President and CEO. "We are truly a unique bank with an emphasis on `high tech' and `high touch' as a strategy to meet our client's needs. As a group led by local community bankers and business people, we've listened to our community's needs and have responded accordingly. Bank 1440 (IO) is being embraced by the community, which will result in a broad shareholder base that is important in building a true community bank."

Bank 1440 (IO) received permission to organize from the Arizona Department of Financial Institutions (ADFI) on November 9, 2006. The bank, with its headquarters in Phoenix under construction at 7010 E. Chauncey Lane, and a full-service banking center nearing completion in Peoria at 14155 N. 83rd Avenue, will deliver high-quality, personal service to individuals, professionals and business clients for all 1440 minutes of the day.

"The response and feedback from the community has been just tremendous," said Dan Spinogatti, Proposed Chairman. "Obviously, with a large number of future shareholders already committed to owning and being an integral part of Bank 1440 (IO)'s success, there is a need for a new bank with a client focus and experienced bank personnel making decisions on a local basis."

The organizing group and proposed management team numbers 21 individuals and includes: Crabb,; Joel Gallon, Executive Vice President and Chief Financial Officer of Bank 1440; Ray Russell, Executive Vice President and Chief Credit Officer of Bank 1440; Spinogatti, Senior Vice President of EBI Consulting; Sue Garland, a retired banker and Vice Chairman of Bank 1440; Robert Anderson, franchise owner for KFC, Taco Bell and Long John Silver's restaurant chains; Rick Bengson, President of RealPro Real Estate Consultants Inc.; G. Robert Brown, Jr., co-founder and President of Agave Environmental Contracting, Inc.; Patricia Cole, an Arizona native and retired banker; Marc I. Dinowitz, M.D., an Orthopedic Surgeon with Mezona Orthopedics; William C. Flack, Vice President of Sales for On Site Agent, a real estate solutions provider; Steve Gallagher, a real-estate developer; James E. Gerdes, President of Industrial Refrigeration & Boiler Company; Robert T. Gibney, Founder of Robert T. Gibney & Associates; David Goldberg, a real-estate developer and investor; Bruce E. Huson, Founder of Bruce E. Huson, CPA, P.C.; Rocco Mandala, a Mortgage Broker/Lender with CBRE Melody & Company, now a subsidiary of CB Richard Ellis; Michael Mandell, General Counsel in the Arizona Senate; Michael McMahon, Partner with Agave General Contracting, Agave Environmental Contracting, Agave Farms and Agave Landform in San Diego; Elaine Ralls, Founder and President of AIR Marketing; and Ayal (Alan) Shafran, a real-estate investor and developer.

For more information about Bank 1440 (IO) or to inquire about their ongoing offering, please visit www.bankipo.com. Investments into Bank 1440 (IO) can only be made by obtaining a printed copy of the Offering Circular, either by contacting the bank or its representatives, or downloading it from this site and following the investment guidelines stated therein. For purposes of making an investment, a Subscription Agreement must also be completed and can be obtained from bank personnel at 602-758-6381. Bank 1440 (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.