Pinnacle Bank of Oregon Names Levear New Chief Financial Officer.

BEAVERTON, Ore. -- Pinnacle Bank (OTCBB:PNNB) has announced the appointment of Karen Levear to serve as its new Executive Vice President and Chief Financial Officer. She assumed the position on June 18, 2007.

Ms. Levear is a seasoned financial professional with over 20 years of experience in a wide variety of disciplines. She comes to Pinnacle Bank from Northwest Corporate Credit Union where she served as Senior Vice President and Chief Financial Officer for over seven years. Prior to the credit union position, Ms. Levear worked for First Interstate Bank/Wells Fargo in various supervisory financial planning and analysis positions, and before that, she gained experience in consumer lending and branch management. The skills that she brings to Pinnacle Bank include data analysis, strategic planning, investments and asset-liability management.

"I am really excited to have an opportunity to work at Pinnacle Bank," states Karen. "I am especially proud of the fact that the Bank is focused on building sustainable relationships in the local community. I have been welcomed warmly by all and look forward to using the knowledge I have gained during my career to benefit the bank, its employees and shareholders."

"We are very pleased to have Karen join the Pinnacle Bank team," said Ron May, Pinnacle Bank President & CEO. "Her excellent analytical, strategic planning and communication skills will be a great asset to our bank."

Ms. Levear graduated from Oregon State University with a BS in Business Administration and she received her Master of Business Administration from Portland State University. In addition, she is a graduate of the Graduate School of Retail Bank Management at the University of Virginia. She is a Certified Management Accountant (CMA) and Certified in Financial Management (CFM). and has been professionally affiliated with the Credit Union Executive Society, the Institute of Management Accountants, the Association for Investment Management and Research, and with the Financial Managers Society.

Ms. Levear resides in Tigard, Oregon, with her husband and two teenage children. She sits on the Board of Directors of the Tigard Public Library and is an active volunteer for Destination ImagiNation, a worldwide organization that inspires teams of young people to apply creativity to problem solving.

About Pinnacle Bank

Pinnacle Bank was founded in 2002 and is one of Oregon's fastest-growing community banks with $90 million in assets. Headquartered in Beaverton, Oregon, it focuses primarily on small- to medium-sized businesses in an area rich with thriving industries, including high tech, medical services, real estate and dozens of other vital market sectors. Located at 8880 SW Nimbus Avenue/Suite D, Beaverton, Oregon 97008; Phone: [phone]; Fax: [phone]; www.PinnacleBankOregon.com; Member FDIC, Equal Housing Lender; OTCBB:PNNB.

Safe Harbor for Forward-Looking Statements:

Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Bank to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop new projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Pinnacle Bank of Oregon has little or no control.