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Pelican National Bank Opens Fifth Branch Office NAPLES, Fla. and ANN ARBOR, Mich., April 13 /PRNewswire-FirstCall/ -- Pelican National Bank opened its fifth branch office, Michael Clemens, President, announced today. Naples, Florida-based Pelican National Bank, a wholly owned subsidiary of Ann Arbor, Mich.-based Pelican Financial, Inc. (AMEX:PFI), is a full service community bank serving the consumer and commercial sectors from five branch offices in Fort Myers, Fort Myers Beach, San Carlos, Bonita Springs, and Naples, Florida. The new 5,800-square-foot, full-service branch is located at 17120 San Carlos Boulevard in Fort Myers Beach. It includes four teller windows, four drive-thru lanes, 24-hour ATM and night depository, conference room and convenient offstreet parking. Virtually all deposit and checking services, including Internet, bill payment, and telephone banking, are available. The branch manager is Michael Furda who has 25 years of banking experience, including 15 years in commercial lending. He most recently served as branch manager of Pelican National Bank's Bonita Springs branch office. Mr. Clemens said, "We are delighted to expand our unique brand of community banking closer to individuals and businesses in Fort Myers Beach, Sanibel, and Captiva Island. Pelican National Bank's newest branch has broad and competitive deposit and lending products, supported by an experienced branch staff and commercial and consumer lenders. We're honored that consumers and businesses have made Pelican National Bank one the region's most preferred community banks. Our team works hard to maintain that trust." He noted that the new branch has already attracted more than $1 million in new deposits. Pelican National Bank is scheduled to open its sixth branch office in Cape Coral later this year. Safe Harbor. This news release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to risks and uncertainties, which could cause actual results to differ materially from those described in the forward- looking statements. Among these risks are regional and national economic conditions, competitive and regulatory factors, legislative changes, mortgage- interest rates, cost and availability of borrowed funds, our ability to sell mortgages in the secondary market, and housing sales and values. These risks and uncertainties are contained in the Corporation's filings with the Securities and Exchange Commission, available via EDGAR. The Company assumes no obligation to update forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such forward-looking statements. DATASOURCE: Pelican Financial, Inc. CONTACT: Mike Clemens of Pelican National Bank, +1-239-403-0076; Howard Nathan of Pelican Financial, Inc., +1-800-765-5562; or Mike Marcotte of Marcotte Financial Relations, +1-248-656-3873, for Pelican Financial, Inc.

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