Page 3 - Wade Gephart_Neat

After closing, Platte Valley Companies will have total banking assets of

approximately $900 million with 16 locations serving 13 communities in
Colorado, Nebraska and Wyoming, according to the release.

Jost said there will be no changes within the organization, and Mountain
Valley Bank will continue to be a state-charter community bank.

“What we are doing is making a move to grow with the future and be strong

and viable for many years to come,” he said.

In 2004, Platte Valley Companies, based in Scottsbluff, Neb., joined with a
group of Colorado bankers and investors to form Mountain Valley Bank. In
2007, Platte Valley Companies sold its controlling interest to the Colorado

shareholders of Mountain Valley Bank but continued to hold a significant
investment in Mountain Valley Bancshares Inc.

According to the release, the boards of directors of the companies regarded
this merger as a reunion of two progressive companies because of their past
working history.

“We are pleased that under this merger agreement many local Mountain

Valley Bancshares Inc. shareholders and employees will continue to hold
ownership in the combined company,” Platte Valley Companies President and
CEO Hod Kosman said in the release.

“Platte Valley Companies and Mountain Valley Bank are two organizations

that share a vision of providing exceptional customer service while
encouraging employee success,” Kosman added. “Our common goal will be to
foster growth and prosperity in the communities that we serve.”

Mountain Valley Bank, according to Kosman, will maintain its Colorado
banking charter and operate as a “sister bank” to Platte Valley Bank-Wyoming

and Platte Valley Bank-Nebraska.

The merger agreement is subject to approval by the shareholders of Mountain
Valley Bancshares, Inc. and bank regulators.