Pelican National Bank Opens Fifth Branch Office

Pelican National Bank Opens Fifth Branch Office 


NAPLES, Fla. and ANN ARBOR, Mich., April 13  /PRNewswire-FirstCall/ -- Pelican
National Bank opened its fifth branch office, Michael Clemens, President,
announced today.

Naples, Florida-based Pelican National Bank, a wholly owned subsidiary of Ann
Arbor, Mich.-based Pelican Financial, Inc. (AMEX:PFI), is a full service
community bank serving the consumer and commercial sectors from five branch
offices in Fort Myers, Fort Myers Beach, San Carlos, Bonita Springs, and Naples,
Florida.

The new 5,800-square-foot, full-service branch is located at 17120 San Carlos
Boulevard in Fort Myers Beach.  It includes four teller windows, four drive-thru
lanes, 24-hour ATM and night depository, conference room and convenient
offstreet parking.  Virtually all deposit and checking services, including
Internet, bill payment, and telephone banking, are available.

The branch manager is Michael Furda who has 25 years of banking experience,
including 15 years in commercial lending.  He most recently served as branch
manager of Pelican National Bank's Bonita Springs branch office.

Mr. Clemens said, "We are delighted to expand our unique brand of community
banking closer to individuals and businesses in Fort Myers Beach, Sanibel, and
Captiva Island.  Pelican National Bank's newest branch has broad and competitive
deposit and lending products, supported by an experienced branch staff and
commercial and consumer lenders.  We're honored that consumers and businesses
have made Pelican National Bank one the region's most preferred community banks.
 Our team works hard to maintain that trust."

He noted that the new branch has already attracted more than $1 million in new
deposits.

Pelican National Bank is scheduled to open its sixth branch office in Cape Coral
later this year.

Safe Harbor.  This news release contains forward-looking statements made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995.  Such statements are based on management's current
expectations and are subject to risks and uncertainties, which could cause
actual results to differ materially from those described in the forward- looking
statements.  Among these risks are regional and national economic conditions,
competitive and regulatory factors, legislative changes, mortgage- interest
rates, cost and availability of borrowed funds, our ability to sell mortgages in
the secondary market, and housing sales and values.  These risks and
uncertainties are contained in the Corporation's filings with the Securities and
Exchange Commission, available via EDGAR.  The Company assumes no obligation to
update forward-looking statements to reflect occurrences or unanticipated events
or circumstances after the date of such forward-looking statements. 

DATASOURCE: Pelican Financial, Inc.



CONTACT:  Mike Clemens of Pelican National Bank, [phone]; Howard

Nathan of Pelican Financial, Inc., [phone]; or Mike Marcotte of

Marcotte Financial Relations, [phone], for Pelican Financial, Inc.

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