Alaska Pacific Bancshares, Inc. Announces Cash Dividend

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Thu Apr 17, 2008 7:03pm EDT 

JUNEAU, Alaska--(Business Wire)--
Alaska Pacific Bancshares (OTCBB: AKPB) announced today that its
Board of Directors declared a quarterly cash dividend of $.10 per
share on the Corporation's outstanding common stock. A cash dividend
has been paid each quarter since the Company's initial public offering
in mid-1999.

   The cash dividend will be payable on May 19, 2008, to stockholders
of record as of the close of business on May 8, 2007.

   Alaska Pacific Bancshares is the holding company for Alaska
Pacific Bank, a federally chartered savings bank headquartered in
Juneau, Alaska, and is traded under the symbol AKPB.

Alaska Pacific Bancshares, Inc.
Senior Vice President & CFO
Julie M. Pierce, 907-790-5135

Copyright Business Wire 2008
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