Harrington West Announces the Opening of Its Third Banking Center in the Phoenix...

Harrington West Announces the Opening of Its Third Banking Center in the Phoenix Metro and Its Seventeenth Throughout All Markets

SOLVANG, Calif.--(Business Wire)--
Harrington West Financial Group, Inc. (NASDAQ:HWFG), the holding
company for Los Padres Bank, FSB and its division, Harrington Bank,
today announced the opening of its new banking center in the City of
Surprise, Arizona located in the northwest Phoenix metro. This full
service banking center is Los Padres Bank's third banking center in
the Phoenix metro, adding to its existing two locations in Scottsdale,
Arizona, and is the seventeenth center throughout all of HWFG's
markets. The banking center's location at the northeast corner of
114th Avenue and Bell Road will cater to both the growing, young
residential market of Surprise and the retirement community of Sun
City. The banking center will offer the full array of Los Padres'
deposit, loan, cash management, and wealth management products and
services within a 4,500 square foot banking facility in a 12,000
square foot office/retail building owned by HWFG.

Commenting on the opening, President of the Arizona Region of Los
Padres Bank, Vernon Hansen, commented: "We are very excited about
entering the northwest valley through the opening of our Surprise
banking center. We expect it to nicely complement our existing two
centers in Scottsdale and contribute well to our deposit base and loan
portfolio. The market's growth and retiree base will be a natural for
our wealth management services and our small business and mortgage
products. As this banking center reaches its targeted growth and
profitability, we look forward to the development of our sites in
Gilbert, Arizona in the southeast valley and in the Deer Valley
Airpark in the north valley."

Harrington West Financial Group, Inc. is a $1.2 billion,
diversified, financial institution holding company for Los Padres Bank
and its division Harrington Bank. HWFG operates 17 full service
banking offices on the central coast of California, the Phoenix,
Arizona metro, and the Kansas City metro. The Company also owns
Harrington Wealth Management Company, a trust and investment
management company with $187.4 million in assets under management or
custody.

Harrington West Financial Group, Inc.
For information contact:
Vern Hansen, 480/860-6400
For share transfer information contact:
Lisa Watkins, 805/688-6644

Copyright Business Wire 2008