Albina Community Bank Receives $216,547 Bank Enterprise Award From the U.S. Treasury

PORTLAND, Ore., Aug. 21, 2009 (GLOBE NEWSWIRE) -- Albina Community Bancorp
(OTCBB:ACBC), Portland's only certified community development bank, announced
today that it will receive a $216,547 Bank Enterprise Award (BEA), from the U.S.
Department of the Treasury's Community Development Financial Institution Fund
(CDFI), for its 2008 community development work in Portland, Oregon. CDFI funds
are awarded to viable financial institutions that have the financial and
managerial capacity to provide affordable and appropriate financial products and
services that positively impact their communities.

"The awards being announced today recognize depository institutions that choose
to increase their community development activities to communities most in need,"
said CDFI Fund Director Donna J. Gambrell. As the only commercial bank in the
Pacific Northwest certified as a CDFI by the U.S. Treasury, the BEA Award
recognizes Albina's work in Portland's census tracts where at least 30 percent
of the population lives at or below the national poverty level and where the
unemployment rate is 1.5 times above the national average.

"We are once again honored to receive this award," stated Cheryl L. Cebula,
Albina Community Bank President and Chief Operating Officer. "As a bank that was
founded to support our local neighborhoods, we continue to do everything we can
to help inspire job creation and extend financial opportunity in the
neighborhoods where it's most needed." Albina has been a strong competitor for
these awards over the past several years, with previous BEA awards totaling more
than $4.8 million for the bank's dedication to supporting community and economic
development initiatives.

Through the BEA Award program, the CDFI Fund awards financial institutions for
increasing the investment they make in community development activities. In this
fiscal year 2009 round of the BEA Program, the U.S Department of the Treasury's
Community Development Financial Institutions (CDFI) awarded over $22 million to
55 depository institutions for serving economically distressed communities
across the nation. "These 55 awardees provided more than 300 affordable home
mortgages, helped approximately 600 small businesses and provided financing to
nearly 700 affordable housing and commercial real estate projects, among other
activities, in economically distressed communities that are often the first to
feel the effects of an economic crisis," stated Ms. Gambrell.

All depository institutions insured by the Federal Deposit Insurance Corporation
(FDIC) are eligible to apply for a BEA Program award. Albina's BEA Award is not
related to TARP funding.

About Albina Community Bancorp

Albina Community Bancorp was established in 1995 as a bank holding company
headquartered in Portland, Oregon. Albina Community Bank, its first subsidiary,
is a full-service independent commercial bank that provides a full range of
banking products and services, while maintaining the bank's mission to promote
jobs, growth of small businesses, and wealth in our local Portland
neighborhoods. One of just 61 commercial banks across the country certified by
the U.S. Treasury Department as a community development financial institution,
Albina is the only CDFI in the Pacific Northwest founded to create hope and
financial opportunity.

Albina Community Bank is locally owned, and operated out of five local Portland
locations including offices at: 2002 NE Martin Luther King Jr. Boulevard; 8040
N. Lombard in the St. John's neighborhood; 4020 NE Fremont in the Beaumont
neighborhood; 5636 NE Sandy Boulevard in the Rose City Park neighborhood of the
International District; and 430 NW 10th Avenue in Portland's Pearl District. For
more information about Albina Community Bank, please call 503-288-7281 or visit
www.albinabank.com.

About U.S. Treasury Department Community Development Financial Institutions
(CDFI) Fund and Bank Enterprise Awards

The BEA Program was enacted to provide an incentive to FDIC-insured banks and
thrifts to increase either their level of support to certified community
development financial institutions (CDFIs); increase their provision of loans,
investments and financial services in distressed communities, such as opening
new savings accounts, providing mortgages or investing in local small
businesses; or both. CDFIs are specialized community-based financial
institutions that are able to respond to gaps that exist in their local markets.

Through the BEA Program, the CDFI Fund recognizes the key role played by some
mainstream depository institutions in promoting community revitalization through
the provision of essential financial services, credit, and investment capital.
The BEA Program complements the community development activities of banks and
thrifts by providing financial incentives to further expand their investments in
CDFIs and to increase lending, investment, and service activities within
economically distressed communities. Providing monetary awards for increasing
community development activities leverages the CDFI Fund's dollars and puts more
capital to work in distressed communities throughout the nation.

For more information on the CDFI Program, please visit www.cdfifund.gov

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CONTACT: Albina Community Bancorp
Robert L. McKean, Chief Executive Officer
(503) 288-7280
Cheryl L. Cebula, President & Chief Operating Officer
(503) 288-7296