Frontier Financial Corporation Announces Increased 3rd Quarter 2006 Cash Dividend

The Board of Directors of Frontier Financial Corporation
(NASDAQ:FTBK), have declared a $.18 per share third quarter cash
dividend to shareowners of record as of July 10, 2006, and payable
July 24, 2006.
   "This represents a 12.5% increase over the third quarter of 2005.
This is the twenty-seventh consecutive quarter in which the cash
dividend has increased. Frontier paid a cash dividend of $.175 per
share in the 2nd quarter of 2006," said John Dickson, President and
CEO.
   Frontier is a Washington-based financial holding company providing
financial services through its commercial bank subsidiary, Frontier
Bank. Frontier offers a wide range of financial services to businesses
and individuals in its market area, including investment and insurance
products.
   Information herein may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995. A
variety of factors could cause Frontier Financial Corporation's actual
results to differ from those expected at the time of this release.
Investors are encouraged to read the SEC report of Frontier,
particularly its Form 10-K for the Fiscal Year Ended December 31,
2005, for meaningful cautionary language discussion why actual results
may vary from those anticipated by management.