Media AdvisoryFor Immediate Release

Green Bank Continues to Grow

Application for new Woodlands branch submitted

Houston, Oct. 28 –Houston-based Green Bank, N.A. has filed an application with the Comptroller of the Currency (OCC) to open a full-service branch in The Woodlands, Texas.  The OCC charters, regulates and supervises national banks; the filing initiates a 30-day public comment period.

“In recent months, Green Bank has experienced tremendous growth in our portfolio and number of bankers,” said Geoff Greenwade, president and CEO.  “Many of our bankers live in The Woodlands and their customers have been asking about a local branch.  The new location is a reinforcement of our commitment to exceed customers’ needs and raise the bar for regional banking.

”In recent months, Green Bank’s lending force has nearly doubled as the bank grows with thriving area businesses.  Green Bankers are actively writing commercial and industrial loans and lines of credit in the $1 million to $5 million range.  The bank is also pioneering new products to fulfill the changing needs of private wealth customers with market-leading money market account and CDs and new saving options.

Green Bank’s leadership has a legacy of successful growth and merged with Redstone Bank in 2006.  Implementing a new mission, the bank focuses on sustainability from a financial and environmental perspective, rewards customers who chose resource-saving options, emphasizes education and supports green initiatives.  Green Bank recently achieved $350 million in total assets; approximately 14 months ago, the bank had $215 million on the books.

About Green Bank

Founded in 2006, Green Bank works to optimize the long-term return to our shareholders while providing a safe and sound investment in a socially-responsible and resource-efficient enterprise.

Our commitment is to streamline processes, preserve resources and perform to a higher standard.  Green Bank employees are empowered to choose the right path, work towards long-term goals, make sound lending and investment decisions, reduce resource consumption and choose local service providers.

Green Bank, N.A. is a federally chartered bank regulated by the Office of the Comptroller of the Currency, a division of the Department of the Treasury of the United States.  www.greenbank.com

For more information: Mike Barone
mbarone@greenbank.com
(713) 275-8243

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Green Bank customers are benefiting from the recent FDIC coverage increase.

The best insurance is the kind you don’t need—sound loans to strong companies is our foundation of our success and long-term security.

PRESS RELEASE

FDIC Bank Savings Now Insured to $250,000

Green Bank’s first-level of security is a sound loan portfolio

Houston, Oct. 15 – Following the enactment of the Emergency Economic Stabilization Act of 2008, Green Bank is offering Federal Deposit Insurance Corporation (FDIC) insurance coverage to $250,000 per depositor; the coverage increase is automatic.  The act temporarily raises the basic limit on FDIC coverage from $100,000 to $250,000 per depositor. The legislation specifies that the insurance limit will return to $100,000 on December 31, 2009.

FDIC insurance covers funds in bank deposit accounts, including checking and savings accounts, money market deposit accounts, certificates of deposit and individual retirement accounts. FDIC insurance does not cover stocks, bonds, mutual fund shares, life insurance policies, annuities, municipal securities or repurchase agreements.

“With the recent loses of the stock market, many investors are focused on protecting their principal.  The collapse of brokerage accounts was a surprise to many investors who are now choosing the stability of community banks,” notes Geoff Greenwade, president & CEO, Green Bank.  “Additional FDIC insurance coverage is a smart way to protect investors.  Green Bank believes that better security comes from a strong portfolio, a commitment to sound banking practices and ability to continue loan writing for leading businesses, entrepreneurs and customers. ”

In a follow-up move to further strengthen banking system confidence, the FDIC has also announced the Temporary Liquidity Guarantee Program which provides full coverage of non-interest bearing deposit transaction accounts, regardless of dollar amount.  Typically, these are mainly payment-processing accounts, such as business payroll accounts, and often exceed the current maximum limit of $250,000.

“The increased insurance protection will attract more depositors to banks.  For many, the $100,000 level forced them to spread deposits to many institutions or simply choose to not assure total coverage,” said John Durie, CFO of Green Bank.  “The coverage increase closely equals an inflation adjustment to current levels from 1980—the year the FDIC last adjusted coverage amount from $40,000 to $100,000.”

About Green Bank
Green Bank works to optimize the long-term return to our shareholders while providing a safe and sound investment in a socially-responsible and resource-efficient enterprise.

Our commitment is to streamline processes, preserve resources and perform to a higher standard.  Green Bank employees are empowered to choose the right path, work towards long-term goals, make sound lending and investment decisions, reduce resource consumption and choose local service providers.

Green Bank, N.A. is a federally chartered bank regulated by the Office of the Comptroller of the Currency, a division of the Department of the Treasury of the United States.  www.greenbank.com

For more information: Mike Barone
mbarone@greenbank.com
(713) 275-8243

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Green Bank has a new electronic ad running in the Houston Chronicle.  The ad highlights our new money market rates.