PRESS RELEASE
July 22, 2004

Contact
Cathy Reines, Chief Financial Officer
(360) 459 -1100
(360) 459 - 0137 (fax)

Venture Financial Group Announces Cash Dividend

Olympia, Wash. - July 22, 2004 - Venture Financial Group, Inc., parent company of Venture Bank, announced that on July 21, 2004, the Board of Directors declared a cash dividend of $.05 per share payable August 16, 2004 to all shareholders of record as of August 3, 2004.

The declared dividend marks the twenty-second consecutive quarterly dividend to be paid.

Venture Bank, with 20 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 subsidiary Venture Wealth Management, Inc. Further information about the bank may be found on the Internet at www.venture-bank.com.

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