Prineville Bancorporation Declares 5% Stock Dividend

Prineville Bancorporation (NASDAQ OTTB: PNVL.OB), parent company for Community First Bank, reported today that its Board of Directors has declared a five percent (5%) stock dividend.

The dividend will be payable on December 13, 2007 to all shareholders of record on December 3, 2007. Fractional shares will be paid in cash by a check. 

"This will be the seventeenth consecutive year that we have paid a dividend," stated Robin B. Freeman, President & CEO. "The dividend reflects our commitment to our shareholders by sharing in the company's continued growth." 

"As previously reported, the company continues to experience growth in assets, sound asset quality, and improvement to our core earnings. Our growth is a result of increased awareness of our commitment to our Central Oregon communities and has led to growth in market share."

Prineville Bancorporation is the holding company for Community First Bank, which operates six bank branches located in Prineville, Bend, Redmond, La Pine, Terrebonne and Madras, Oregon, and a loan production office in Bend offering residential and commercial real estate loans. Residential mortgage services are also offered through all bank branches. In addition investment and trust services are offered through Community First Investments.

FORWARD-LOOKING STATEMENTS

The statements contained in this release that are not historical facts are forward-looking statements based upon management's current expectations and beliefs concerning future developments and their potential effect on Prineville Bancorporation. There can be no assurances that future developments affecting Prineville Bancorporation will be the same as those anticipated by management.

Actual results may differ from those projected in the forward-looking statements. These forward-looking statements involve risks and uncertainties. These risks and uncertainties include, but are not limited to: (1) competitive pressures in the banking and financial industries; (2) changes in interest rate environment; (3) general economic conditions, nationally, regionally, and in operating markets; (4) changes in regulatory environment; (5) changes in business conditions and inflation; (6) changes in securities markets; and (7) future credit loss experience.

For more information, please contact:
John Hajovsky
555 NW Third Street
Prineville, OR 97754
541-447-4106