OTFC Oregon Trail Financial (MM)

FirstBank NW Corp. and Oregon Trail Financial Corp. Announce Revised Final Election Allocation Percentages CLARKSTON, Wash. and BAKER CITY, Ore., Oct. 29 /PRNewswire-FirstCall/ -- FirstBank NW Corp. ("FirstBank") and Oregon Trail Financial Corp. ("Oregon Trail") announced today that the pro-rata allocation percentage stated in the press release issued yesterday has been revised. As previously announced, because more Oregon Trail shareholders elected to receive stock of FirstBank than was available, and pursuant to the allocation procedures set forth in the Merger Agreement, these shareholders would also receive cash as consideration for the Oregon Trail shares they own. Specifically, each Oregon Trail shareholder who submitted a valid election for stock consideration will receive 48.27990% stock (multiplied by the exchange ratio of 1.021 less any fractional share interest of FirstBank common stock paid at a rate of $28.16 per share) and 51.72010% cash paid at a rate of $22.00 per share for each share of Oregon Trail common stock they own. Statements contained in this news release which are not historical facts are forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, factors discussed in documents filed by FirstBank with the Securities and Exchange Commission. DATASOURCE: FirstBank NW Corp. CONTACT: Clyde E. Conklin, President and Chief Executive Officer of FirstBank NW Corp., +1-509-295-5100 Web site: http://www.fbnw.com/

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