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PRESS RELEASE

May 30, 2008

CBT Corporation, Inc., the parent company of Citizens Bank and Trust Company, in Big Timber, has reached an agreement to purchase the Continental National Bank of Harlowton. According to Citizens Bank President, Rebecca Bowman, “This is a strategic move to expand our presence in south central Montana and strengthen our long-term viability.  The two banks are about the same size and have similar histories and philosophy.  We think it will be a good fit that will benefit both our customers and shareholders.”

The purchase is scheduled to be completed in mid-summer.  The two banks will be merged and operated as a state bank under the Citizens Bank & Trust Company charter.  The restructure is subject to approval by the banking regulators.  The approval process has begun and will be completed just prior to closing.

“We anticipate very few changes in staff,” Ms. Bowman said.  “The officers and employees of both institutions are vital in our ongoing effort to provide quality service to our valued customers.”

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 Contact: Jim Overstreet  @ 406 932-5311


 

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