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July 8, 2004

Timberland Bank

Timberland Bank, a subsidiary of Timberland Bancorp, will acquire from Venture Bank real estate, branch infrastructure and employees for offices in Toledo, Winlock, Elma, Montesano, Hoquiam, Aberdeen and Panorama City, as well as about $91 million in deposits. The transaction is scheduled to close early in the fourth quarter of this year. Timberland was founded in Hoquiam and has 15 branches in five counties, with a new branch in Gig Harbor.




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