Upon completion of the transaction, Silverdale State Bank will remain a separate, state-chartered commercial bank with its own senior management and board of directors. Silverdale State remains the only financial institution headquartered in Silverdale, and on Christmas Eve, the bank and its customers will be celebrating the 80^th anniversary of the bank’s December 24, 1919 charter.

Bek Ashby, Silverdale State Bank’s current president and CEO, who will continue in that capacity, state, "We are excited about this partnership with AMB Financial Services Corporation which will provide us with the additional resources necessary to compete in the years to come."

AMB Financial Services Corporation has assets of $198 million and is the parent of American Marine Bank, which operates two banking offices on Bainbridge Island, as well as offices in Poulsbo and Seattle. AMB began operations on September 17, 1948 as Bainbridge Island Bank, and will be opening its fifth office in Port Ludlow, Washington during January 2000.

Rex R. Townsend, president and CEO of AMB Financial Services Corporation, stated, "We believe strongly in the value of community banks and in the important role that they serve for their customers and their communities as a whole.

"Silverdale State Bank will continue in its role as Silverdale’s own bank, but with its new affiliation with AMB Financial Services Corporation, it will be able to offer a wider variety of products and services. Both Silverdale State and AMB share a commitment to superior personalized service, and we look forward to the opportunity that this new relationship creates for both our customers and our shareholders."

Stephenson, Vice President and Commercial Lending Officer has been with AMB for 5 years. He will bring AMB’s quality customer service to Seattle professional and business customers, including those who commute to Seattle.

Stephenson is a graduate of Azusa Pacific University. He resides on Bainbridge Island with his wife Alyson and three children.

Rex Townsend, President and CEO of American Marine Bank announced the following management moves.

Donna Casper, Manager of the Poulsbo Office has accepted the exciting challenge of Manager of the new Port Ludlow Office currently under construction. Casper has been with AMB since 1979 and has managed the Poulsbo Office since it opened in 1995. Casper, long-time Poulsbo resident, is an active Rotary member.

Kristin Marshall, Operations Manager of the Seattle Office has accepted the position of Manager of the Poulsbo Office. Marshall, a Montana native and Bainbridge Island Resident since 1989, has been in banking since 1973.

Katie Lamping has been promoted to the position of Operations Officer of the

Professional Banking Office of American Marine Bank in Seattle. Lamping began her career at American Marine Bank in 1993 during her summer college vacation. Lamping, a Bainbridge Island native, is a 1996 graduate of University of the Pacific

For further information on the project, please contact Donna Casper at AMB’s Central Market Branch.

Storey will be concentrating on serving customers in the North Kitsap Area.

Storey brings 30 years experience in all aspects of business banking to American Marine Bank. Storey is a graduate of the University of Washington and the Pacific Coast Banking School.

Storey and his wife Margaret, a teacher in the Central Kitsap School District, have resided in Poulsbo for 29 years. They have two grown children.

A builder in the Puget Sound Region for over 23 years, Mueller supports his community and the building industry through his service in various community organizations. Andy has volunteered countless hours on many boards and gained recognition for his efforts supporting reasonable regulatory controls.

Mueller and his wife Connie reside on Bainbridge Island. They have two grown daughters.

Marine Bank as Vice President and Manager of the Real Estate Loan Department located at the main office in Winslow.

Bringing 26 years of real estate lending experience to American Marine Bank, Jim most recently managed an 18 member mortgage staff of a community bank that covered four counties. Jim received recognition by the Independent Bankers’ Association of America as the Nations’ Top Producer of mortgage loans in 1995, 1996 and 1997. He earned his B.A. from Wichita State University and his M.B.A. from the University of Washington.

Jim and his wife Liz, an elementary school teacher, plan to move to the Kitsap County Area.