Regal Financial In the News

REGAL MEDIA
NEWSROOM: www.regalfinancialbank.com

FOR IMMEDIATE RELEASE

16 February 2010

Seattle, Wash., February 16, 2010— Regal Financial Bank has strengthened its management team with the appointment of two new members, joining Chairman & CEO Randy James, EVP & Chief Credit Officer Charles Foisie and SVP & CFO Micki Greer.

Regal Financial Bank has tapped William Glassford to head the bank’s capital raising campaign and investor relations.

Mr. Glassford has over 30 years of senior managerial experience in the banking industry, which followed six years of US Government experience where he honed his strategic thinking. While his banking career was with larger institutions, he has had extensive experience managing smaller units and troubled units where he successfully turned them into profit centers.

Mr. Glassford holds significant banking and community connections, as well as a wealth of banking experience up and down the Western Coast and overseas in Asia.

“Throughout his career, William has consistently demonstrated exceptional business acumen in a variety of banking roles," commented Mr. James. “We are confident his in depth banking experience will contribute to our company’s continued growth and stability.”

Regal Financial Bank appointed Doug Kemper to the role of Chief Operating Officer.

Mr. Kemper brings 40 years of banking experience ranging from community banks to multi-national banks with domestic and international branches and subsidiaries. His major focus is Asset and Liability Risk management, Credit Quality and Operations Policy and Procedures. Mr. Kemper carries significant regulatory examination experience as a National Bank Examiner with the Comptroller of the Currency. Mr. Kemper graduated with an International Business degree from Oregon State University and a three year program certificate from Pacific Coast Banking School.

"I’m extremely excited to have Doug join Regal Financial Bank’s executive management team, where we will benefit immensely from his experience, proven records of success and passion for the banking industry, “ said Mr. James. “Moreover, his depth and breadth of knowledge will help the bank focus on expanding customer relationships in every corner of the Pacific Northwest.”

Regal Financial Bank’s management team is focused on reshaping the bank with a new vision and commitment to excellence. It’s an extraordinary and exciting time for the bank to have such a strong and talented team. They are all dedicated to success and have the energy and extensive experience to recapitalize the bank and focus on the shareholders and clients needs.

Randy James, Chairman & Chief Executive Officer, joined the Board of Directors in 2007 and in April 2008 was nominated as the Chairman of the Board. Mr. James is a veteran Pacific Northwest Banking executive, with over 40 years of exceptional banking experience. Starting with Seattle First National Bank, Mr. James managed the Commercial Markets Group as Vice Chairman. Furthermore, Mr. James became the Chairman of the Board and CEO of Bank of America Oregon. Mr. James was also asked to take on the role of Worldwide Marketing Director, EVP of Bank of America, and a member of the managing team. He was most recently the Founding Director of Charter Bank, which was sold to an investment group in 2007.

Mr. James serves on the board of ING America's Insurance Holding Company, where he is the Chairman of the Marketing Committee. He is currently Chairman of the Educator's Advisory Board which Mr. James created in 1999 to award financial grants to teachers in all fifty states of the United States for outstanding teaching ideas.

Chuck Foisie, EVP & Chief Credit Officer, joined the Bank in May 2004. Mr. Foisie has over 38 years of experience in commercial and retail banking in the Pacific Northwest with several banks including Pacific Northwest Bank, Key Bank, Puget Sound National Bank and Rainier Bank. He has served on a number of community boards, including the Economic Development Council of Seattle and King County, and he currently serves on the Board of Pacific Coast Banking School. Mr. Foisie is a 1970 graduate of Western Washington University.

Micki Greer, SVP & Chief Financial Officer has been with the Bank since its inception in 2002. She brings over 30 years of experience in commercial, retail, and international banking with large multi-national banks as well as regional commercial banks. Ms. Greer holds a BA in Business and Accounting and attended Seattle University, the University of Washington and the University of Phoenix. Ms. Greer is an active member of the community and has served on several boards and professional organizations including the Western Independent Bankers CFO Advisory Board and as a Field Advisor and on the CFO Advisory Committee for the Washington Bankers Association.

About Regal Financial Bank
Headquartered in the heart of downtown Seattle, Regal Financial Bank is a community bank that understands the value of customer relationships; a bank carefully organized to serve the business community with professionalism and personalized service. More information is available at www.regalfinancialbank.com.