Bank of Eastern Oregon Announces Opening Date of New Boardman Branch Building

HEPPNER, Ore.--(Business Wire)--Bank of Eastern Oregon announces its new Boardman, Oregon, branch
facility located at 100 City Center Drive will be open for business on
January 22nd, 2008. Operations at the Bank's current facility on NW
Front Street will continue through the end of business Friday, January
18th, 2008.

Said President and CEO E. George Koffler, "Bank of Eastern Oregon
celebrates its ten years in the Boardman market with the opening of
our new banking facility. The better location and increased floor
space positions us to better serve the expanding commercial and
consumer business in Boardman and development in the Port of Morrow.
We are proud to occupy an anchor location in the City Center complex."

With a beautiful design by Sargent Architects of Hermiston and
construction by Mike Becker General Contractor, Inc. of LaGrande, the
single-story building features two drive-up banking lanes, each wide
and long enough for multiple vehicles, with a drive-up ATM and Night
Depository for customer convenience and safety. A high-ceiling banking
floor is flanked by an expanded lending platform and support areas.
The building design allows for expansion off of the wings as future
needs dictate. A week-long Grand Opening Celebration is set for
February 11-15, 2008.

For further information, please contact Gary Propheter, EVP &
Chief Operations Officer, at Bank of Eastern Oregon at
gpropheter@beobank.com.

About BEO Bancorp

BEO Bancorp (OTCBB:BEOB) is the holding company for Bank of
Eastern Oregon, which operates 11 branches and three loan production
offices in nine eastern Oregon counties. Branches are located in
Arlington, Ione, Heppner, Condon, Irrigon, Boardman, Burns, John Day,
Prairie City, Fossil and Moro; loan production offices are located in
Hermiston, Ontario, and Enterprise. Bank of Eastern Oregon also
operates a mortgage division and offers brokerage services through BEO
Financial Services. The bank's web site is www.beobank.com.

Bank of Eastern Oregon
E. George Koffler, President & CEO, 541-676-020l
Gary Propheter, EVP & COO, 541-676-0201

Copyright Business Wire 2008