EVGG EvergreenBancorp, Inc. Declares Quarterly Cash Dividend

Internet Wire via COMTEX

Oct 31, 2006 4:14:35 PM

SEATTLE, WA, Oct 31, 2006 (MARKET WIRE via COMTEX News Network) --

The Board of Directors of EvergreenBancorp, Inc. (OTCBB: EVGG) has approved a quarterly cash dividend upon the common stock of the company, President and CEO Gerald O. Hatler announced today. A cash dividend of seven cents ($.07) per share will be payable on November 22, 2006 to shareholders of record as of the close of business on November 10, 2006. This dividend represents an increase of 17% over the last quarterly cash dividend.

EvergreenBancorp, Inc. is a bank holding company headquartered in Seattle, Washington. Its subsidiary, EvergreenBank, is an independent community bank with six offices in Seattle, Bellevue, Lynnwood, and Federal Way. The bank is an award-winning institution, named in 2005 as one of the "best companies to work for" by Washington CEO Magazine, as well as "best-rated bank service" by Consumer Checkbook Magazine. It offers a full suite of personal and business banking services. Services include commercial, real estate, and consumer lending; savings, checking, and certificate of deposit accounts; health savings accounts; internet banking; and merchant credit card processing services.

EvergreenBancorp stock trades on the Over-The-Counter Bulletin Board under the EVGG symbol. Visit http://www.evergreenbancorp.com to learn more.

Contact: Gordon Browning Executive Vice President and CFO EvergreenBancorp, Inc. 206/749-7350 Contact via http://www.marketwire.com/mw/emailprcntct?id=E68703D816B20FAA

SOURCE: EvergreenBancorp, Inc.

Copyright 2006 Market Wire, All rights reserved.