Jeff Bailey Named New President of Bank of Eastern Oregon

  
    
  
  
    
      The Board of Directors of Bank of Eastern Oregon (OTCBB:BEOB) announced Jeff 
      Bailey has been named President of Bank of Eastern Oregon 
      effective July 1, 2008, subject to regulatory approval. Bailey has been 
      at Bank of Eastern Oregon since 1996 and currently serves as Chief 
      Credit Officer and is on the executive management team. He will retain 
      the title of Chief Credit Officer.
    
    
      The current president of the bank, E. George Koffler, will 
      retain his title of Chief Executive Officer of Bank of Eastern Oregon 
      and President and Chief Executive Officer of BEO Bancorp, the bank’s 
      holding company. This announcement is a planned management succession 
      move coinciding with Koffler’s announcement of 
      a retirement date of March 31, 2009.
    
    
      “Jeff was a natural choice for the bank. He 
      exemplifies the core values and business ethics the organization has 
      embraced. He is the right person to lead the bank as we continue to grow 
      at a measured pace and build on our excellent profitability of the past 
      few years,” said Chairman of the Board, Linda 
      K. LaRue.
    
    
      About BEO Bancorp
    
    
      BEO Bancorp is the holding company for Bank of Eastern Oregon, which 
      operates 11 branches and three loan production offices in nine eastern 
      Oregon counties. Branches are located in Arlington, Ione, Heppner, 
      Condon, Irrigon, Boardman, Burns, John Day, Prairie City, Fossil and 
      Moro; loan production offices are located in Hermiston, Enterprise, and 
      Ontario. Bank of Eastern Oregon also operates a mortgage division and 
      offers brokerage services through BEO Financial Services. The bank’s 
      website is www.beobank.com.