A special thanks to all of those who have partnered with Business Bank over the past five years. Your tremendous support has helped to build a great community bank. We will be here to serve you and your banking needs for many years to come.

Since opening in April 2005, Business Bank has grown to include three branches in Burlington, Bellingham and Mount Vernon. In addition to these locations, Business Bank has invested in Remote Deposit Capture, a new technology which allows our commercial customers the freedom to make deposits from their own place of business.

On December 31, 2009, Business Bank's Tier One Capital ratio was 7.50%, without having received TARP funds from the government. Our directors have shown their confidence in the bank by investing an additional $560,000 of new capital. The bank is currently involved in a Private Placement stock offering selling at $3.00 per share. As of today, the Bank has received over $800,000 in stock purchases or has signed commitments to purchase stock. The Private Placement offering will end March 1, 2010 followed by a Rights Offering to current shareholders. If there are remaining shares available, the offering will be open to the public on April 1, 2010. There has been a great deal of interest shown in purchasing Business Bank stock. If you wish to hear more about the offering, please feel free to contact me in the Burlington Office or call any member of the Board of Directors.

Business Bank has confronted this recession with determination and a sense of loyalty to our customers. We invite you to experience the difference and start a relationship with us.

Our deposits are insured by the FDIC.

Sincerely,

Don Zimmerman
President and CEO