American Association of Bank Directors Announces Appointment of Mr. Robert E. Miller to Board of Advisors

July 12, 2004—Bethesda, Maryland

The American Association of Bank Directors ("AABD") announced today that it has named Mr. Robert E. Miller to its Board of Advisors.

Mr. Miller is President of the Compensation Group of Clark Consulting Banking Practice.

He brings extensive experience in the areas of strategic planning, mergers and acquisitions, compensation, benefits, and management consulting to his new role as a member of AABD's Board of Advisors.

As President of the Banking Practice's Compensation Group, Mr. Miller provides overall direction and leadership to financial institutions on a wide variety of compensation issues.

Mr. Miller, a certified public accountant, has presented numerous seminars to the banking industry and has served as a guest speaker, moderator and panelist for banking associations around the country. He also has written articles on various banking subjects that have been published in Northwestern Financial Review, Independent Banker magazine, and various publications of Sheshunoff Information Services.

"Bob Miller brings to AABD a wealth of practical experience and expertise in compensation issues facing bank and savings institution banks and their directors and executive management," said Keith Dalrymple, AABD's President. "He will provide AABD members with invaluable support in the compensation, benefits, and strategic planning areas."

Founded in 1989, the non-profit American Association of Bank Directors is the only trade group in the United States solely devoted to bank directors and their information, education, and advocacy needs. The Institute for Bank Director Education was established in 1993 as the educational arm of AABD. Its purpose is to act as a clearinghouse for education programs designed for bank and savings institution directors that support the nationally recognized Director Certification Program.