PRESS RELEASES

January 27, 2006
BANK OF THE SAN JUANS ANNOUNCES NEW ADDITION TO LENDING TEAM

PAGOSA SPRINGS - Bank of the San Juans has hired Ray Takala as Vice President, Lending Officer for Pagosa Springs.

Ray Takala, who has more than 30 years of business and agricultural lending experience, has been hired to work with local individuals, offering financial products and services that will assist them in meeting their personal and business objectives. The last two years of Takala's banking career were as the President & CEO for a bank in Mancos, Colorado. He is a Montana State University graduate and studied Business Management at Fullerton College. Takala is a former Marine Corps Captain and helicopter pilot, flying over 1,100 combat missions in Viet Nam.

Bank of the San Juans is located at 144 East 8th Street and 1710 North Main Avenue in Durango and 305 Hot Springs Blvd. in Pagosa Springs.

Bank of the San Juans is a community-owned bank specializing in customer service since September 1998. The bank differentiates itself by consistently providing customized personal attention to the individual and strives daily to make a positive impact on people's lives.

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