PRESS RELEASE
July 21, 2003

Contact
Ken F. Parsons, Sr.
Chairman
(360) 459 -1100
(360) 459 - 0137 (fax)

Venture Financial Group Announces Cash Dividend

Lacey, Wash. - Venture Financial Group, Inc., announced that on July 16, 2003, the Board of Directors declared a cash dividend of $.07 per share payable August 8, 2003 to all shareholders of record as of July 31, 2003.

The declared dividend is a 40% increase over the previous quarter and marks the eighteenth consecutive quarterly dividend to be paid.

Venture Financial Group is the parent company of Venture Bank. Venture Bank, with 21 offices in four western Washington counties, offers a full spectrum of financial services including commercial, construction, residential and consumer lending, deposit products and other banking services. The bank also provides a broad range of investment services through its Investment Services division. Further information about the bank may be found at www.venture-bank.com.

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