Alaska Pacific Bancshares, Inc. Announces Cash Dividend

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 August 18, 2008, to
stockholders of record as of the close of business on August 8, 2008.

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
Julie M. Pierce, 907-790-5135
Senior Vice President & CFO

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