Florence, OR (BUSINESS WIRE) - Siuslaw Financial Group, Inc., (SFGP) announced today that its Board of Directors declared a dividend of $0.15 per share to shareholders of record as of December 26, 2004 and payable on or before January 10, 2005.

SFGP declared dividends of $0.50 per share for 2003. With the recent dividend announcement, SFGP will declare dividends totaling $0.60 per share for 2004, a 20% increase over 2003.

The enhanced dividends are a result of increased earnings for the year. In 2003, SFGP reported earnings per share of $0.83, expected earnings for 2004 is anticipated to be 20% higher. Actual results will be published in early January.

Siuslaw Financial Group, the parent company of Siuslaw Bank and Carter & Carter Financial, operates 10 offices, all located in Lane County, Oregon.

Florence, OR. September 23, 2004 (BUSINESS WIRE) Siuslaw Financial Group (SFGP), parent company of Siuslaw Bank and Carter & Carter Financial, announced today that its Board of Directors declared a quarterly dividend of $0.15 per share to shareholders of record on October 8, 2004, payable on or before October 13, 2004.

Johan Mehlum, chairman of the board and chief executive officer, noted that Siuslaw Bank will open its 10th office in Lane County with the opening of a branch in Veneta on Monday, September 27, 2004. The office was recently purchased from Citizens Bank of Corvallis.

Additionally, Mehlum announced that Jennifer (Jenny) Obermiller has been appointed Marketing Officer for the Group. Obermiller has a B.A. degree in Journalism from the University of Oregon and is a board member of the Southwest Oregon chapter of the American Marketing Association. She previously was associated with a regional law firm and a Eugene television station.

Deborah (Debbie) Grigsby has been appointed Business Development Officer at the bank’s head office. Grigsby has been associated with banking and finance for 20 years, primarily for Oregon institutions. However, she started her career as a student intern at Siuslaw Bank during her senior year in high school. She has a B.S. degree in Public Policy Planning Management from the University of Oregon and is a graduate of the Graduates School of Bank Auditing at the University of Wisconsin.

FLORENCE, Ore., June 24, 2004 – Siuslaw Financial Group, Inc., (SFGP) announced today that its Board of Directors declared a dividend of $0.15 per share to shareholders of record on July 09, 2004 and payable on or before July 15, 2004.

The dividend is a 50% increase over the 2003-second quarter dividend of $0.10 per share and equals the dividend paid for the first quarter of 2004 and is the result of continued strong earnings for the first half of the year. Results will be published in early July.

Siuslaw Financial Group, the parent company of Siuslaw Bank and Carter & Carter Financial operates nine offices, all located in Lane County, Oregon.

Florence, OR., June 4, 2004 - Johan Mehlum, chairman of the board and CEO of Siuslaw Bank, announced the following promotions: Jeff Gusinow, vice president and manager of private banking, to senior vice president; Carl Hultenberg, vice president and chief operating officer, to executive vice president; Lindsey Johnson, vice president and director of human resources, to senior vice president; Cheryl Smith, assistant vice president and branch coordinator, to vice president; and Bruce Webber, vice president and chief credit officer, to executive vice president.

Founded in 1964, Siuslaw Bank is Lane County’s oldest, independent community bank. Headquartered in Florence, the bank serves customers with retail banking offices in Cottage Grove, Creswell, Eugene, Florence, Mapleton, Oakridge, Pleasant Hill, and Springfield, with a private banking office in Eugene.

Florence, OR., May 11, 2004 - Siuslaw Bank is pleased to announce our Leadership Scholarship Winners for 2004: Melissa Waiss of Siuslaw High School, Karen Shaw of Springfield High School, Samantha Lewis of Thurston High School, Amanda Layton of Oakridge High School, Doug Neill of Pleasant Hill High School, Christopher J. Hainey, Jr. of Marist High School, Brandon LaChapelle of Mapleton High School, Rebecca Goin of Lowell High School, Joseph Jackson of Creswell High School, and Zaneta Thayer of Cottage Grove High School.

This is the bank's 18th year of honoring outstanding students throughout Lane County. Scholarships were awarded to applicants who were judged to have the greatest scholastic aptitude and potential for community leadership. An endowment established with Western Lane County Foundation provides the financial support for the scholarship program, originally established by the late A.E. (Pony) Ellingson, former chairman of the bank.

Founded 40 years ago in 1964, Siuslaw Bank is Lane County’s oldest, independent community bank. The bank has offices in Cottage Grove, Creswell, Eugene, Florence, Mapleton, Oakridge, Pleasant Hill, and Springfield, with a private banking office in Eugene.

Florence, OR., April 29, 2004 - The annual meeting of shareholders of Siuslaw Financial Group, the parent company of Siuslaw Bank and Carter & Carter Financial, was held at the bank’s head office in Florence on April 26, 2004.

Incumbent directors: R. Keith Ellingson and Kenneth L. Carter were reelected to a three-year term on the Board of Directors of the holding company, expiring in 2007. Also appointed was Margaret Lessor, Cashier, to Assistant Secretary of the holding company. Lindsey Johnson, the company’s Director of Human Resources, was appointed to a one-year term on the Board of Directors of Carter & Carter Financial.

In his review of the bank’s highlights of the bank’s 40-year history, Johan Mehlum, Chairman of the Board and Chief Executive Officer, noted that the market value of one share purchased in 1964 for $90.00 was worth $36,165 on December 31, 2003. In addition, the bank has paid out cash dividends totaling $791.00 per share to the owners who invested in the bank in 1964.

Florence, OR., March 19, 2004 - (BUSINESS WIRE) - Siuslaw Financial Group, Inc. (SFGP) announced today that its Board of Directors declared a $.15 per share cash dividend to shareholders of record as of March 31, 2004 and payable on or before April 13, 2004. The financial services holding company, consist of Siuslaw Bank and Carter & Carter Financial.

Florence, OR., January 30, 2004 - (BUSINESS WIRE) Siuslaw Financial Group (SFGP), parent company of Siuslaw Bank and Carter & Carter Financial, today announced net income for the fourth quarter, ending December 31, 2003 at $726,985. Net income for the year, totaled $3.7 million a 15.6% increase over the $3.2 million reported in 2002. Earnings per diluted common share totaled $.86 for the year, compared to $.74 the previous year.

The company reported $224.1 million in total assets on December 31, 2003, a 3.4% increase over the $216.6 million reported at year-end 2002. Deposits, reported at $197.1 million represented a 7.8% increase over the $182.8 reported at year-end 2002. The Company experienced strong demand for credit, as net loans increased to $135.4 million at year end compared to $117.5 million at the end of 2002, a 15.2% increase. Credit quality remains excellent with no non-performing or non-accrual loans.

The board of directors increased quarterly cash dividends twice during the year, resulting in $0.50 paid per share for the year compared to $0.31 paid for 2002, a 62% increase. The decision to increase dividends was based on the Company’s strong capital and liquidity position, the better than projected earnings, and the confidence in the Company’s ability to sustain the financial performance

“2003 was a very rewarding and exciting chapter in our 40 year history. Earnings and asset quality were at or near all time highs. The Company believes it has positioned itself for continued strong growth in the future, and we are extremely pleased with our operating performance this past year,” stated Johan Mehlum, chairman of the board and chief executive officer.