Team Financial, Inc. Announces CEO Resignation

PAOLA, Kan., Sept. 2, 2008 (GLOBE NEWSWIRE) -- Team Financial, Inc. (TFI)
(Nasdaq:TFIN) today announced that its Chief Executive Officer (CEO), Robert J.
Weatherbie, resigned effective September 1, 2008. In addition, he resigned from
all positions with the Company and its subsidiaries. Directors of the Company
and its subsidiaries will enact the succession plan to assist management in
running the Company and its subsidiary banks while they actively search for a
replacement.

Connie Hart, TFI Chairman of the Board of Directors, on behalf of the Company
stated, "We extend our gratitude to Bob for his contributions to the Company and
the communities we serve. Bob was instrumental in growing the Company from a
small, local bank into a regional, publicly traded institution. I have a great
deal of confidence in our existing Board of Directors and committed employees.
I'm convinced that our continued focus on efficiencies and profitability will
result in increased shareholder value as well as make us a stronger
organization."

Mr. Weatherbie joined TeamBank, N.A., formally known as Miami County National
Bank, in April 1973 and was promoted to TFI Chairman of the Board and director
in May 1986. He became CEO of TFI in September 1995, and in January 2004, Mr.
Weatherbie was appointed President and Chief Executive Officer of TeamBank, N.A.
Mr. Weatherbie commented, "I am proud to have been associated with this
organization for over 35 years. I have many fond memories of the customers and
employees and wish them the very best."

Team Financial, Inc. is a bank holding company with $807 million in total
assets. It is publicly traded and listed on the NASDAQ under the symbol of TFIN.
It operates in the Kansas City metropolitan area, southeastern Kansas, western
Missouri, the Omaha, Nebraska metropolitan area and in Colorado Springs,
Colorado. The Company offers a full range of consumer and corporate banking
services, including small business loans, mortgage loans, trust services, and
investment and brokerage services. For additional information on Team Financial,
Inc., visit its Web site at http://www.teamfinancialinc.com or call
800-880-6262.

The Team Financial, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5145

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements under the Private
Securities Litigation Reform Act of 1995 that are subject to certain risks and
uncertainties that could cause actual results to differ materially from
historical income and those presently anticipated or projected. The Company
cautions readers not to place undue reliance on any such forward looking
statements, which speak only as of the date of this release. Such risks and
uncertainties include those detailed in the Company's filings with the
Securities and Exchange Commission, risks of adverse changes in results of
operations, risks related to the Company's expansion strategies, risks relating
to loans and investments, including the effect of the change of the economic
conditions in areas the Company's borrowers are located, risks associated with
the adverse effects of governmental regulation, changes in regulatory oversight,
interest rates, and competition for the Company's customers by other providers
of financial services, all of which are difficult to predict and many of which
are beyond the control of the Company.

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CONTACT: Team Financial, Inc.
Sandy Moll, Chief Operating Officer
(913) 557-4311, ext. 2155
sandym@teamfinancialinc.com