Syringa Bancorp Announces Stock Split.

BOISE, Idaho -- Syringa Bancorp (OTCBB:SGBP) announced today that its Board of Directors has authorized a two for one stock split to shareholders of record as the close of business on January 2, 2007. Shares resulting from the split are expected to be distributed by the Bancorp's transfer agent on or about January 15, 2007.

Jerry F. Aldape, President and Chief Executive Officer of Syringa Bancorp stated, "We anticipate this split will enhance the liquidity of our stock." Mr. Aldape added, "Local community investors have long been an important part of our shareholder mix and we want them to continue to feel that our stock price is reflective of a community bank."

Syringa Bancorp was organized in April 2005 as a holding company of Syringa Bank. A principal objective of Syringa Bank is to be the premier independent banking franchise in the State of Idaho. As such, it is Syringa Bank's objective to ensure that Syringa Bank remains the same locally managed and family spirited bank that it has been since inception. Syringa Bank will continue to strive to be an integral part of the success of the local business community and individuals through assisting them with their banking needs. Syringa Bank's focus will continue to be the delivery of quality financial products and services in a friendly and personalized environment.

Statements in this report regarding future events, performance or results are "forward-looking statements" within the meaning of the Private Litigation Reform Act of 1995 ("PSLRA") and are made pursuant to the safe harbors of the PSLRA. Actual results could be materially different from those expressed or implied by the forward-looking statements. Factors that could cause results to differ include but are not limited to: general economic and banking business conditions, competitive conditions between banks and non-bank financial service providers, interest rate fluctuations, regulatory and accounting changes, risks related to construction and development, commercial real estate and consumer lending and other risks. Forward-looking statements are accurate only as of the date released, and we do not undertake any responsibility to update or revise any forward-looking statements to reflect subsequent events or circumstances.