"It certainly is a tough economy but we have been able to increase profitability while building our reserves," said President and CEO Mark Francis. "The support we have from the community is very gratifying."

"Golden Valley Bank continues its solid steady profitability even in this difficult economic environment," states GVB Board Chairman Robert Harp. Mr. Harp further states, "Golden Valley Bank has very loyal customers and outstanding employees that make the Bank successful."

Golden Valley Bank is a locally owned and operated commercial bank serving the needs of individuals and businesses in northern California. The Bank has a full service office in Chico, California and a Loan Production Office in Redding, California. For more information regarding the bank please call at (530) 894-1000.

Forward-Looking Statements

Statements concerning future performance, developments or events, expectations for growth and income forecasts, and any other guidance on future periods, constitute forward-looking statements that are subject to a number of risks and uncertainties. Actual results are pre-fiscal year-end audit and may differ materially from stated expectations. Specific factors include, but are not limited to, loan production, balance sheet management, expanded net interest margin, the ability to control costs and expenses, interest rate changes and financial policies of the United States government and general economic conditions. The Bank disclaims any obligation to update any such factors.

SOURCE: Golden Valley Bank

Golden Valley Bank 
Mark Francis, 530-894-4920 
mfrancis@goldenvalleybank.com

    Live Conference Call          (800) 230-1766

    Replay of Conference Call     (800) 475-6701
                                  Access Code 118467

The conference call will be recorded and will be available approximately two hours after the live conference call for replay twenty-four hours a day ending November 11, 2009. Questions regarding the conference call may be directed to Kaylene Lahn at 360-943-1500.

Heritage Financial Corporation is a bank holding company headquartered in Olympia, Washington. The Company operates two community banks, Heritage Bank and Central Valley Bank. Heritage Bank serves Pierce, Thurston, Mason and South King Counties in the South Puget Sound region of Washington through its fourteen full-service banking offices and its Online Banking Website www.HeritageBankWA.com. Central Valley Bank serves Yakima and Kittitas Counties in central Washington through its six full-service banking offices and its Online Banking Website www.CVBankWa.com. Additional information about Heritage Financial Corporation is available on its Internet Website www.HF-WA.com.

SOURCE Heritage Financial Corporation

http://www.HF-WA.com

Pacific Valley Bank expects to commence the offering before the end of the third quarter of 2009.

An offering price of $7 per share has been independently established by the board of directors.

http://www.datamonitor.com

Republication or redistribution, including by framing or similar means,
is expressly prohibited without prior written consent. Datamonitor shall 
not be liable for errors or delays in the content, or for any actions 
taken in reliance thereon

"Our growth is consistent with our business plan and with our status as a De Novo Bank. We believe that by continuing our support of Valley businesses we will reach our goal of profitability in 2010," said Robert "Bob" Hahn, President and CEO of Community Valley Bank.

CVB is continuing its plan to build permanent bank facilities in both El Centro and Brawley and is working towards opening a third branch office in Calexico within the next two years.

In recent news, CVB announced that it was the only bank in the Imperial Valley participating in the Small Business Administration's America's Recovery Capital (ARC) loan program.

Additional notable points:

-- Community Valley Bank has not asked for any governmental assistance to add capital, buy damaged loans or assets, or guarantee borrowers.

-- Community Valley Bank does not have any brokered deposits.

All investor related inquiries should be directed to Community Valley Bank's Investor Relations Officer, Diana S. Alvarez. She may be contacted at (760) 352-1889.

About Community Valley Bank: Community Valley Bank (www.yourcvb.com) is the Imperial Valley's ONLY locally owned and locally headquartered bank. Its central branch opened October 1, 2007 and is located at 203 S. Imperial Avenue in El Centro and a second branch opened last year at 310 Main Street in Brawley, California. Community Valley Bank is a publicly traded company under the symbol CMUV.

Please Note: Certain statements in this release, including statements regarding the anticipated development and expansion of the Bank's business, and the intent, belief or current expectations of the Bank, its directors or its officers, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied. These risks and uncertainties include, but are not limited to, risks related to raising additional capital, the local and national economy, the Bank's performance and implementation of its business plans, loan performance, interest rates, and regulatory matters.

SOURCE: Community Valley Bank

Community Valley Bank 
Robert "Bob" Hahn, President and CEO 
760-352-1889 
mediarelations@yourcvb.com