MidFirst Bank Acquires Community Bank of Arizona and Union Bank

August 14, 2009

PHOENIX – Jeff Lowe, Arizona market president of MidFirst Bank, announced today that MidFirst, the largest privately held bank in Arizona, has agreed to acquire the assets and deposits of Community Bank of Arizona and Union Bank from the FDIC receivers. The Community Bank of Arizona and Union Bank were declared insolvent and the FDIC was assigned as receiver for each failed institution. The transaction adds 5 banking centers to MidFirst Bank's growing Valley network. By year end, MidFirst will have over 20 locations in Arizona including these sites.

"We are pleased to welcome the customers of Community Bank of Arizona and Union Bank and want to assure them they are joining a financially strong bank with a bright future. We attribute MidFirst's success and stability to the fact that we provide the 'best of both worlds' to our customers, the capabilities of a large commercial bank and the responsiveness and personalized service of a privately held community bank. For example, we offer Valley residents 7 day-a-week banking and free ATMs nationwide" said Lowe.

"MidFirst Bank is committed to the Phoenix metro community," added Lowe. "While many banks are pulling back or sitting on the sidelines during these uncertain financial times, MidFirst has continued with our expansion plans, building 18 high quality banking centers across the Valley to offer MidFirst customers a better banking experience. This acquisition is further proof of the bank's commitment to making a difference for our customers in Arizona."

"Since entering the market in 2005, MidFirst has added more than 250 employees in the areas of personal, commercial and private banking as well as operational support areas. MidFirst has made a significant investment in the Arizona market with $2.1 billion invested in the Valley," said Lowe.

Former customers of Community Bank of Arizona and Union Bank may continue to access their accounts by using existing checks or with their existing ATM or debit cards. Checks drawn on the banks will be processed normally. Loan customers should continue to make their payments as usual.

As the third largest privately owned bank in the United States, MidFirst has $14.7 billion in assets and over $1.24 billion in total capital and reserves. Prior to the acquisition, MidFirst had 13 banking centers in the Valley, with 5 more scheduled to open this year. MidFirst has more than 1,900 employees and has offices in Phoenix, Oklahoma City, Tulsa, New York, Chicago, Houston, Atlanta and Southern California.