Pinnacle Bank of Oregon selects Ronald May as its new President and CEO.

BEAVERTON, Ore. -- Pinnacle Bank (OTCBB:PNNB) has named Ronald A. May as its new President and Chief Executive Officer. Mr. May, who brings more than 35 years' banking and leadership experience to the position, will assume his new duties on June 26, 2006.

Most recently Mr. May has served as Executive Vice President of the $1.2 billion Union State Deposit Bank in Stockton, California, where he successfully managed consumer and small business underwriting, and residential real estate lending in 19 branch locations. Among his notable accomplishments, he helped Union State Deposit Bank develop its retail sales culture through training, incentives and monitoring. His consumer loan underwriting policies helped strengthen overall group profitability. And, under his direction, customer service improved significantly, as measured by customer surveys.

Prior to joining Union State Deposit Bank in 1997, Mr. May served as Senior Vice President and Manager of the Consumer Loan Services Division of First Interstate Bank in Portland, Oregon. During his 26 years with First Interstate's northwest operations, he served in numerous positions of increasing responsibility in commercial and consumer banking.

"Ron is known for his leadership, vision, staff development and focus on the customer," said Jeff Dulcich, Board Chairman, Pinnacle Bank. "We are very confident that his level of executive management experience is exactly what Pinnacle needs now during this period of rapid growth."

Mr. May received a BS/Mathematics from Oregon State University in 1965 and his MBA from Stanford University in 1967 before serving with a three-year tour of duty as a captain in the U.S. Army. Among his many professional and civic involvements, Ron is the chairman of the Humphreys College Board of Trustees, was the 2002-2003 president of the Greater Stockton Chamber of Commerce, secretary of the Northeast (Portland) Community Development Corporation board of directors, past chairman of the First Interstate Development Corporation board of directors, past advisory board member of the OSU Family Business Program, and past president of the Stanford Business School Alumni Association, Portland Chapter.

Mr. May and his wife, Janet, raised their family in Beaverton, where he grew up. "It feels good to return to my Oregon roots and be involved again with colleagues and businesses in the Beaverton-metro area," he said.

As Pinnacle Bank's new CEO, Mr. May intends to pursue new business accounts aggressively to sustain the institution's growth. "Small- to medium-sized, locally owned businesses are consistently shown to be our most stable and robust market segment, but in many ways it has been underserved by financial institutions, and that's our opportunity to make a difference," he said. "The small business owner needs a direct number he or she can call, a regular account service person to deal with day to day, and a real sense of partnership. To that customer, service is everything -- and Pinnacle can provide that essential service."

Under Mr. May's direction, Pinnacle Bank will continue to build on what makes it different: dedicated and local financial experts who understand, respect and serve local banking needs.

About Pinnacle Bank

Pinnacle Bank was founded in 2002 and is one of Oregon's fastest-growing community banks, with $81 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

FDIC disclaimer

President and Chief Executive Officer titles are subject to FDIC approval.

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.