Glancy Binkow & Goldberg LLP, Representing Investors Who Purchased Frontier Financial Corporation, Announces Class Action Lawsuit and Seeks to Recover Losses

LOS ANGELES--(Business Wire)--
Notice is hereby given that Glancy Binkow & Goldberg LLP has filed a class
action lawsuit in the United States District Court for the Western District of
Washington on behalf of a class consisting of all persons or entities who
purchased or otherwise acquired the common stock of Frontier Financial
Corporation ("Frontier" or the "Company") (NASDAQ:FTBK) between July 22, 2008
and March 16, 2010, inclusive (the "Class Period").

A copy of the Complaint is available from the court or from Glancy Binkow &
Goldberg LLP. Please contact us by phone to discuss this action or to obtain a
copy of the Complaint at (310) 201-9150 or Toll Free at (888) 773-9224, by email
at shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.

The Complaint charges Frontier and certain of the Company`s current and former
executive officers with violations of federal securities laws. Frontier is a
financial holding company providing financial services through its commercial
bank subsidiary, Frontier Bank, which provides commercial banking services --
primarily generating deposits and originating loans. The Complaint alleges that
throughout the Class Period defendants knew or recklessly disregarded that their
public statements concerning Frontier`s business and financial performance were
materially false and misleading. Specifically, defendants made false and/or
misleading statements and/or failed to disclose: (a) that defendants failed to
properly account for Frontier`s real estate, construction and land loans; (b)
that the Company`s financial results were not prepared in accordance with
Generally Accepted Accounting Principles ("GAAP"); (c) that the Company lacked
adequate internal and financial controls; (d) that Frontier had not adequately
reserved for loan losses such that its Tier 1 capital was presented in violation
of banking regulations; and (e), that the Company failed to adequately and
timely record losses to impaired real estate, construction and loans and that
Frontier`s Tier 1 capital ratio was at risk of falling to a "critically
undercapitalized" level under banking regulations.

On March 16, 2010, after the market closed, the Company issued a press release
revising downward its financial results for the fourth quarter and year ended
December 31, 2009, to reflect, among other things, an additional $30 million
provision for loan losses and a $4.3 million (pre-tax) other-than-temporary
impairment loss on available for sale securities. The Company informed investors
that these adjustments reduced Frontier Bank`s Tier 1 capital to a level causing
the Company to become critically undercapitalized.

The next day, as a result of this news, the price of Frontier stock dropped
$1.35 per share, or nearly 32%, to close on March 17, 2010, at $2.89 per share
on heavy volume of more than 710,000 shares traded.

Plaintiff seeks to recover damages on behalf of class members and is represented
by Glancy Binkow & Goldberg LLP, a law firm with significant experience in
prosecuting class actions, and substantial expertise in actions involving
corporate fraud.

If you are a member of the class described above, you may move the Court, no
later than June 14, 2010, to serve as lead plaintiff, however, you must meet
certain legal requirements. If you wish to discuss this action or have any
questions concerning this Notice or your rights or interests with respect to
these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow &
Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los Angeles, California
90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224, by e-mail
to shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com.

Glancy Binkow & Goldberg LLP, Los Angeles, CA
Lionel Z. Glancy
Michael Goldberg
(310) 201-9150 or (888) 773-9224
shareholders@glancylaw.com
www.glancylaw.com

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