Community First plans new location in Vermillion

Community First plans new location in Vermillion Community First National Bank, Vermillion, has announced that plans are underway to move its financial services operations to a new location in Vermillion, pending regulatory approval.

"Community First and the community of Vermillion are poised to reach another milestone together," said Roxi Miller, bank president. "Community First plans to open another building that will meet clients' needs more efficiently and provide an updated financial services facility that reflects changes in the banking industry."

Community First representatives and city officials are negotiating an agreement in which the city of Vermillion plans to purchase Community First's current building to meet the city's need for expanded space.

"Pending final approval of the agreement, Community First plans to build or relocate in Vermillion to continue to serve the financial needs of area residents. It is our intent to file an application with the Office of the Comptroller of the Currency to relocate the bank to a new location which has not been finalized," said Miller.

Though in the initial planning stages, it's expected a new Community First building will be ready for occupancy in the fall of 2004.

"Our new building will be very client focused," said Miller. "As part of the community, we want to partner with various groups to continue to enhance the community. It's an exciting opportunity to provide financial services in a new stetting."

Community First has served the residents of Vermillion since 1987.

"When building plans are finalized, additional information will be shared with clients and the community as the project progresses. Community First will continue meeting its clients' needs throughout the construction and relocation process," said Miller.

Community First Bankshares, a $5.6 billion financial services company, provides a complete line of banking, investment, insurance, mortgage and trust products to individuals and businesses. The company's offering of financial products and services is marketed through full-service offices in 136 communities in 12 states � Arizona, California, Colorado, Iowa, Minnesota, Nebraska, New Mexico, North Dakota, South Dakota, Utah, Wisconsin and Wyoming.

The company's services include an online banking system that offers electronic bill payment and discount brokerage capabilities, telephone banking and an extensive ATM network.

Community First Bankshares stock is traded on The NASDAQ Stock Market¨ under the symbol CFBX. The latest investor and other corporate information is available at its Web site, www.CommunityFirst.com.

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