PRESS RELEASE
November 3, 2004

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Joseph Beaulieu, Senior Vice President, Marketing
(360) 459 -1100

VENTURE BANK ANNOUNCES NEW FINANCIAL CENTER IN LAKEWOOD

Lakewood Financial Center Slated to Open 2nd Quarter, 2005

Olympia, Wash., November 3, 2004 - Venture Bank (www.venture-bank.com), which recently posted record-high annual revenue and earnings growth, today announced it will open another Pierce County financial center in Lakewood.

 

The financial center, at 5927 Mount Tacoma Dr. SW, is scheduled to open the middle of next year.

 

“Our team is doing an excellent job of seizing opportunities to expand the Venture Bank brand,” said Jon M. Jones, President of Venture Bank. “We’re excited to bring our unique style of banking to the Lakewood area.”

 

This Lakewood Financial Center will showcase Venture’s new customer-friendly design and architectural features, including a business center and private meeting rooms.

 

The announcement to open the Lakewood facility follows the Bank’s announcement that it has signed a purchase and sales agreement for a new headquarters site in Pierce County. Venture intends to construct a new, 50,000 square foot facility in the multi-million dollar DuPont Station development.

 

Opening the Lakewood financial center will come after the opening of the bank’s first King County financial center in Kent later this year.

 

Venture Bank, a subsidiary of publicly-held Venture Financial Group, Inc. was founded in 1979. Its remarkable success is the result of a fierce commitment to lasting customer relationships, in the independent spirit of the Northwest. It offers a full spectrum of financial services, including commercial, construction, residential and consumer lending, deposit products, online banking and bill pay, and, most recently, related investment planning services.

 

Further information about the bank may be found on the Internet at  www.venture-bank.com.

 

Forward-Looking Statements: This press release contains forward-looking statements. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. Such statements are subject to risks and uncertainties. Actual results could differ materially from those discussed in the press release as a result of risk factors including those identified in the Form 10-K Annual Report for December 31, 2003 filed by Venture Financial Group, Inc. with the SEC. Specific risks in the press release include the timing and opening of the bank’s financial centers in Kent and Lakewood, WA and the construction of its new administrative headquarters.

 

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