Regal Financial In the News

Regal Financial Bank First in Washington to Sign ATM Agreement with KeyCorp

CLEVELAND and SEATTLE, August 22, 2002 – Regal Financial Bank of Seattle is the first bank in the state of Washington to sign an agreement with Cleveland-based KeyCorp (NYSE:KEY) to provide Regal customers with surcharge-free access to Key’s network of more than 280 automated teller machines (ATMs) in the state.

Regal, which opened for business in April 2002, is the first financial institution in Washington to contract with Key for its agent bank services. By partnering with Key, Regal offers its customers the convenience of conducting transactions through a statewide ATM network with no additional fees. Regal also is able to provide this convenience without the significant investments in capital and time needed to build and maintain its own ATM system and the necessary transaction processing infrastructure.

Key offers national and regional ATM access, as well as other debit card agent bank services, to banks, savings and loans and credit unions in Ohio, Idaho, Indiana, Maine, New York and, now, Washington.

“We only recently opened our doors to customers and we are excited to be able to offer them nationwide convenience already,” said Jesse Tam, President and CEO at Regal. “Our customers will have access to an established channel through which to do business with us that would have taken us years to build from the ground up.”

“We are excited to provide this service to Regal Financial Bank,” said Brian Sismour, Agent Bank National Sales Manager, KeyCorp. “We have proven to financial institutions in other states that we can offer them a higher level of customer service at a reasonable cost, and we are pleased that Regal is the first bank in Washington to partner with us.”

REGAL FINANCIAL BANK FIRST TO SIGN ATM AGREEMENT

Regal Financial Bank is a community bank located in the heart of downtown Seattle’s Financial District. Regal provides long-term banking relationships to small and mid-sized businesses, business owners, and professionals. Regal offers its clients, both local and international, a full range of business and personal banking services, and also assists with other financial needs such as investments and insurance. Regal Financial Bank is a Washington State chartered community bank with FDIC approval and is located on the web at www.regal-bank.com.

Cleveland-based KeyCorp is one of the nation’s largest bank-based financial services companies, with assets of approximately $83 billion. Key companies provide investment management, retail and commercial banking, retirement, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. The company’s businesses deliver their products and services through KeyCenters and offices; a network of approximately 2,300 ATMs; telephone banking centers (1.800.KEY2YOU); and a Web site, Key.com, that provides account access and financial products 24 hours a day.

For information regarding the Bank, its services, or investor relations, please call 800 888 1955 or email at info@regalfinancialbank.com.