PRESS RELEASE
For Immediate Release

Green Bank Pushes 3Q Growth Nearly 20 Percent

Total assets reach $341 million

Houston, Nov. 12  – Taking advantage of a strong capital position, a $56.7 million increase in quality loans and enhanced FDIC insurance limits, Green Bank has grown to $341 million in total assets during the third quarter of 2008. At the close of last quarter, Green Bank had $286 million in assets; one year ago, the bank had assets of $235.7 million.

“The current market has created many opportunities for Green Bank.  Because of our strong position, we have continued to build a sound loan portfolio while other banks have slowed,” said Geoff Greenwade, Green Bank president and CEO.  “We are aggressively pursuing deposits with innovative products and by taking advantage of recent FDIC changes.  As customers leave the larger national and regional banks, many are choosing the stability and innovation of independent banks like Green Bank.”

Green Bank reported a Tier 1 Leverage Capital Ratio of 15.79 percent pursuant to regulatory guidelines for filing Consolidated Reports of Condition and Income.  Standards specify that the minimum Tier 1 Leverage Capital Ratio to be considered “well capitalized” is five percent.

“Green Bank’s capital ratios remain very strong; we have seen no significant deterioration in the credit quality of our customer base,” said CFO John Durie.  “As a result, we have been able to attract deposits with the safety provided by our stable capital position and portfolio.”

Total deposits were $247 million at the close of the quarter, an increase of $48.7 million from the last quarter.

“Green bank is leading with new deposit options.  Going beyond traditional CD and money market accounts, we are maximizing the recent FDIC changes for our customer’s advantage,” said Randy Gartz, executive vice president.  “By combining accounts from multiple banks, leveraging earnings credits dollars and building stronger banking relationships, our team is piloting best practices that allow entrepreneurs and businesses to reduce their cost of capital.”

Additional Information:

Graph of Green Bank’s quarterly asset since inception:

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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