Uinta Bank interested in Cokeville

Two representatives from Uinta Bank attended the Cokeville Town Council meeting on Tuesday to propose opening a bank branch here in Cokeville. The following letter was given to the council who were very supportive of the idea.

Dear Cokeville Mayor, Council & Residents

On behalf of the Shareholders, Dirctors, Officers & Staff of Uinta Bank, we are here tonight to propose a solution that we feel will meet the banking needs of the Cokeville Community. A community without a bank is not only restrictive to the economic well being of the community, it is a burden on the residents that must travel to other communities for banking services. There are also financial strains on the community due to time & money spent traveling to these outlying areas for banking services. Productivity is lowered due to time spent away from work in addition to the financial costs involved with the travel.

Uinta Bank is a commercial bank chartered in Wyoming and a member of the Federal Reserve System with depository accounts insured by the Federal Deposit Insurance Corporation. The Bank's primary service area is Southwest Wyoming. The main location of the Bank is in Mt. View. We also make use of a Loan Production Office in Evanston. Uinta Bank has been serving Southwestern Wyoming since 1919. It is the mission of Uinta Bank to identify and meet the financial needs of the communities we serve by providing support for their growth and success. We will achieve these goals through our commitment to developing partnerships with the residents in the communities we serve by providing them with the necessary tools at competitive prices.

Should the Cokeville Community and Uinta Bank come to agreement on the proposed partnership, we would expect the timeline to proceed as follows:

Late October 2008-Meet with town officials to find an acceptable location in Cokeville. To begin, the Bank would only need 5-600 square feet of office space to operate from. We will also begin gathering information on the best days to staff operations. until we are granted a full branch license, we will operate a Loan Production Office.

Early to Mid November 2008- Uinta Bank will begin providing an existing employee to the new office on a part time basis. Working with the residents, we will develop a schedule at to the days and times for the office to be open. We can adjust the schedule as time goes on and relationships are established. The initial relationship will be more time consuming than maintaining existing relationships thus becoming more efficient on additional accounts. We would encourage the residents work together to provide the bank with input on operating days and hours.

Although the name of the office suggests "Loans", we will provide deposit account opening through the office in Mt. View, with delivery of the required documents to the office in Cokeville. Deposits and loan payments may be made via mail or delivered to the Cokeville office for further delivery to Mt. View for processing.

Early to Mid Summer 2009- Uinta Bank anticipates the State of Wyoming and Federal Reserve Bank will approve our application for a full service location. Please note that the branch license approval is anticipated and not guaranteed. Upon approval, we will begin our internal procedures to develop the full service branch facility. This will include, but not limited to:

*Hiring of local staff and begin the training process in Mt. View at the main location
*Order necessary equipment and supplies for the branch
*Remodel facility as necessary to provide for a drive thru, ATM, safe, etc.

In addition to the convenience provided to the residents of Cokeville, we would also provide at least 2 new employment opportunities to qualified candidates.
We understand that it is the ultimate desire of the Community to establish and maintain a full service banking facility. Should a competitor provide this service prior to Uinta Bank, we would then evaluate the market for 2 full service facilities in Cokeville.

Uinta Bank would welcome any questions or comments regarding this proposal. you can reach any of the following individuals via telephone at 307-782-7400 or their email address listed next to their name.

Tom Willnerd, Presiden- twillnerd@uintabank.com
Cody Bateman, Cashier/CFO- cbateman@uintabank.com
Jon Dolezal, Chief Credit Officer/Vice President- jdolezal@uintabank.com
Jared Walker, Assistant Vice President- jwalker@uintabank.com

Respectfully Submitted

Uinta Bank