Company News

RANGE BANK ANNOUNCES NEW HIRES
AND PROMOTIONS
Date : January 4, 2007

Range Bank is pleased to announce that Sally L. Shaver has joined the Bank as Vice President and Mortgage Department Manager. In her new position Shaver is responsible for the Banks mortgage lending operations in Marquette, Dickinson and Houghton Counties. A Menominee native, Shaver has a Masters Degree from Northern Michigan University, and brings over 30 years of lending experience to the position. She is active in the Marquette Rotary Club and the Marquette County Habitat for Humanity. Shaver and her husband, Jim, reside in Marquette.

David A. Varda has joined the Bank as Deposit Services Manager. In his new position Varda is responsible for providing client services in the commercial deposit area including cash management options, remote deposit capture, merchant charge card services and health savings accounts. Varda is a native of Negaunee and brings over 15 years of local banking experience to the position. He is a medical first responder with the Marquette County Sheriff Department and a Ladder Captain for the Negaunee City Fire Department. Varda resides in Negaunee with his wife Kelly and two sons.

John W. Lenten has been named Vice President and Commercial Loan Officer. In his new position he is responsible for providing a wide range of business banking services to customers throughout Marquette County. Lenten is a 1982 graduate of Northern Michigan University with a Bachelors degree in accounting and is a Certified Public Accountant. He has three years of public accounting experience, and over 21 years of local banking experience. He previously held the position of Vice President, Credit Administration & Internal Audit for Range Bank. He is a member of the Negaunee Lions Club and the Negaunee Community Fund Board of Trustees. Lenten resides in Negaunee Township with his wife Kathy and their three children.

Charlotte L. Gaudreau has been named Vice President, Credit Administration & Internal Audit. Gaudreau is a native of Hurley, WI and is a graduate of Northern Michigan University with a Bachelors degree in Business Administration. She previously held the position of Vice-President & Mortgage Department Manager for Range Bank and has over twenty years of local banking experience. She is the Treasurer of the Marquette Breakfast Rotary club. Gaudreau and her husband, Brian, reside in Marquette with their two daughters.

Range Bank, established in 1887 has over $217 million in assets and serves its customers through thirteen offices in Marquette, Dickinson and Houghton counties. You can learn more about Range Bank by visiting their web site at www.Rangebank.com.

 

RANGE FINANCIAL CORPORATION DECLARES DIVIDEND

December 15, 2007

Range Financial Corporation has declared a quarterly dividend of $1.00 per share payable on December 15, 2007 to the shareholders of record on December 1, 2007. This brings the total dividend paid in 2007 to $4.00 per share.

Range Financial Corporation is the holding company that owns Range Bank which has over $217 million in assets and serves its customers through thirteen offices in Marquette, Dickinson and Houghton counties. Chartered in 1887, Range Bank celebrated 120 years of business on June 4, 2007.
 

RANGE FINANCIAL CORPORATION DECLARES DIVIDEND

September 15, 2007

Range Financial Corporation has declared a quarterly dividend of $1.00 per share payable on September 15, 2007 to the shareholders of record on September 1, 2007. This is the third quarterly dividend paid in 2007.

Range Financial Corporation is the holding company that owns Range Bank which has over $216 million in assets and serves its customers through thirteen offices in Marquette, Dickinson and Houghton counties. Chartered in 1887, Range Bank celebrated 120 years of business on June 4, 2007.
 

RANGE FINANCIAL CORPORATION DECLARES DIVIDEND

June 15, 2007

Range Financial Corporation has declared a quarterly dividend of $1.00 per share payable on June 15, 2007 to the shareholders of record on June 1, 2007. This is the second quarterly dividend paid in 2007.

Range Financial Corporation is the holding company that owns Range Bank which has over $212 million in assets and serves its customers through thirteen offices in Marquette, Dickinson and Houghton counties. Chartered in 1887, Range Bank celebrates 120 years of business on June 4, 2007.
 

RANGE FINANCIAL CORPORATION DECLARES DIVIDEND

March 15, 2007

Range Financial Corporation has declared a quarterly dividend of $1.00 per share payable on March 15, 2007 to the shareholders of record on March 1, 2007. This is the first quarterly dividend paid in 2007.

Range Financial Corporation is the holding company that owns Range Bank which has over $208 million in assets and serves its customers through thirteen offices in Marquette, Dickinson and Houghton counties. Chartered in 1887, Range Bank will celebrate 120 years of business on June 4, 2007.
 

RANGE FINANCIAL CORPORATION DECLARES DIVIDEND

December 15, 2006

Range Financial Corporation has declared a quarterly dividend of $1.00 per share payable on December 15, 2006 to the shareholders of record on December 1, 2006. This brings the total dividend paid in 2006 to $4.00 per share.

Range Financial Corporation is the holding company that owns Range Bank which has over $205 million in assets and serves its customers through thirteen offices in Marquette, Dickinson and Houghton counties. Chartered in 1887, Range Bank will celebrate 120 years of business during 2007.

RANGE FINANCIAL CORPORATION DECLARES DIVIDEND

September 15, 2006

Range Financial Corporation has declared a quarterly dividend of $1.00 per share payable on September 15, 2006 to the shareholders of record on September 1, 2006. This is the third quarterly dividend paid in 2006.

Range Financial Corporation is a two-bank holding company that owns Range Bank and Range Bank-Copper Country. Range Bank, chartered in 1887, has over $147 million in assets and serves Marquette and Dickinson counties with nine offices and ten ATM locations. Range Bank-Copper Country, chartered in 1888, has over $54 million in assets and serves the Keweenaw and Houghton markets with four offices and three ATM locations.

RANGE FINANCIAL CORPORATION DECLARES DIVIDEND

Range Financial Corporation has declared a quarterly dividend of $1.00 per share payable on June 15, 2006 to the shareholders of record on June 1, 2006. This is the second quarterly dividend paid in 2006.

Range Financial Corporation is a two-bank holding company that owns Range Bank and Range Bank-Copper Country. Range Bank, chartered in 1887, has over $145 million in assets and serves Marquette and Dickinson counties with nine offices and ten ATM locations. Range Bank-Copper Country, chartered in 1888, has over $55 million in assets and serves the Keweenaw and Houghton markets with four offices and three ATM locations.

RANGE FINANCIAL CORPORATION HOLDS ANNUAL SHAREHOLDER'S MEETING AND ELECTS DIRECTORS

Range Financial Corporation held its Annual Meeting of Shareholders on May 16, 2006 in Negaunee. Four directors were reelected for a term of three years; they were Timothy J. Baroni, President of Range Bank-Copper Country; Gerald R. Junak, Chairman of the Board of Range Bank; Dr. John F. Pillote, retired, Marquette Radiology Associates; Karl A. Weber, Attorney/Partner, Plunkett & Cooney Law Firm; William C. Verrette, Chairman & Chief Executive Officer, Champion Incorporated. Other directors of the Corporation include; Peter W. Frazier, Anita A. Johns, Allan L. Koskey, Anthony N. Kroncich, Peter A. LaFreniere, John F. Marshall, Kenneth A. Palmer and Paul R. Symons.

Officers of the Corporation for 2006 are Kenneth A. Palmer, President and Chief Executive Officer; R. Scott Reilly, Vice President; Roxanne M. Daust, Treasurer; John W. Lenten, Secretary and Linda M. Turri, Assistant Secretary.

Range Financial Corporation is the holding company for Range Bank and Range Bank-Copper Country with assets of just over $200 million. Range Bank, chartered in 1887, has over $145 million in assets and serves Marquette and Dickinson Counties with nine offices and ten ATM locations. Range Bank-Copper Country, chartered in 1888, has over $55 million in assets and serves the Keweenaw and Houghton markets with four offices and three ATM locations.

RANGE FINANCIAL CORPORATION HOLDS ANNUAL SHAREHOLDER'S MEETING AND ELECTS DIRECTORS

May 24, 2006

Range Financial Corporation held its Annual Meeting of Shareholders on May 16, 2006 in Negaunee. Four directors were reelected for a term of three years; they were Timothy J. Baroni, President of Range Bank-Copper Country; Gerald R. Junak, Chairman of the Board of Range Bank; Dr. John F. Pillote, retired, Marquette Radiology Associates; Karl A. Weber, Attorney/Partner, Plunkett & Cooney Law Firm; William C. Verrette, Chairman & Chief Executive Officer, Champion Incorporated. Other directors of the Corporation include; Peter W. Frazier, Anita A. Johns, Allan L. Koskey, Anthony N. Kroncich, Peter A. LaFreniere, John F. Marshall, Kenneth A. Palmer and Paul R. Symons.

Officers of the Corporation for 2006 are Kenneth A. Palmer, President and Chief Executive Officer; R. Scott Reilly, Vice President; Roxanne M. Daust, Treasurer; John W. Lenten, Secretary and Linda M. Turri, Assistant Secretary.

Range Financial Corporation is the holding company for Range Bank and Range Bank-Copper Country with assets of just over $200 million. Range Bank, chartered in 1887, has over $145 million in assets and serves Marquette and Dickinson Counties with nine offices and ten ATM locations. Range Bank-Copper Country, chartered in 1888, has over $55 million in assets and serves the Keweenaw and Houghton markets with four offices and three ATM locations.

RANGE FINANCIAL CORPORATION INCREASES DIVIDEND BY 26% FOR 2006

March 15, 2006

Range Financial Corporation has declared a quarterly dividend of $1.00 per share payable on March 15, 2006 to the shareholders of record on March 1, 2006. This is the first quarterly dividend paid in 2006 and represents a 26% increase over the dividend paid in 2005.

Range Financial Corporation is a two-bank holding company that owns Range Bank and Range Bank-Copper Country. Each bank is managed independently with their individual Board of Directors and Officers to serve the needs of their local communities. Range Bank, chartered in 1887, has over $150 million in assets and serves Marquette and Dickinson counties with nine offices and ten ATM locations. Range Bank-Copper Country, chartered in 1888, has over $55 million in assets and serves the Keweenaw and Houghton markets with four offices and three ATM locations.

RANGE BANK NAMES ANGELA M. KNAUSS MORTGAGE LOAN OFFICER

February 6, 2006

Range Bank is pleased to announce that Angela M. Knauss has joined the Bank as Mortgage Loan Officer, at the Marquette Township Office, 3195 Wright Street, in Marquette. As Mortgage Loan Officer, Knauss will be assisting customers with all their purchasing, refinancing and construction loan needs.

Knauss is a graduate of Ishpeming High School and a 1990 graduate of Northern Michigan University with a Bachelor of Science degree in Finance. She has over 15 years of banking experience as a branch manager, personal banking officer and a Home Mortgage Consultant with Wells Fargo Bank. She is a certified construction lender and has a vast knowledge of secondary market and government backed mortgage programs.

Knauss, her son and husband Eric reside in Marquette.

An independent community bank since 1887, Range Bank, N.A. has over $145 million in assets with offices serving Marquette and Dickinson counties. It is a member bank of Range Financial Corporation, a $200 million bank holding company that also owns Range Bank - Copper Country, N.A. that serves Keweenaw and Houghton counties.

RANGE BANK - COPPER COUNTRY NAMES TIMOTHY J. BARONI PRESIDENT

February 2, 2006

The Board of Directors of Range Bank - Copper Country is pleased to announce that Timothy J. Baroni has been named President of Range Bank - Copper Country. Mr. Baroni succeeds former President, Janet R. Kuru who will remain with the Bank as Chief Executive Officer until her retirement on June 30, 2006.

Mr. Baroni is a Calumet native and a 1980 graduate of Michigan Technological University with a bachelor degree in Business Administration. From 1980 to 1986 Mr. Baroni worked for the George A. Hormel Company in Austin, Minnesota and San Francisco, CA. In 1986 he returned to Calumet to head the Paul J. Baroni Company.

Mr. Baroni was named to the Board of Directors Range Bank - Copper Country in 1993 and to the Board of Directors of Range Financial Corporation in 2002. He is a member of the Board of Education of the Calumet-Laurium-Keweenaw Schools, the Calumet-Laurium-Keweenaw Schools Foundation Board and the Knights of Columbus. He and his wife Nancy have three children and reside in Mohawk.

Range Bank - Copper Country, N.A., was chartered in 1888 and has current assets of over $55 million. The Bank serves the Copper Country market with four offices and three ATMs. It is a member bank of Range Financial Corporation, a $200 million bank holding company that also owns Range Bank, N.A. that serves Marquette and Dickinson Counties with nine offices and ten ATM's.

RANGE BANK - COPPER COUNTRY NAMES BABETTE J. JOKELA BRANCH MANAGER AND LOAN OFFICER

January 30, 2006

Range Bank - Copper Country is pleased to announce that Babette J. Jokela has joined the Bank as Branch Manager of the Houghton Office located at 48345 Highway M-26, Houghton. In addition to her duties as Branch Manager, Jokela will be assisting customers with all their banking needs with an emphasis on home mortgages, refinances and construction loans.

A Copper Country native, Jokela graduated from Calumet High School and Northern Michigan University. Prior to joining Range Bank, Joekla was an Associate Broker with RE/MAX Douglass Real Estate. "I look forward to joining my skills with the dedication to service that Range Bank customers rely on," said Jokela.

Jokela has been active in several local community organizations. She is currently a Board Member of the Calumet Theatre and Chairperson of its Fundraising Committee. Jokela is a past President of the CLK Rotary and continues to be an active member. Joekla, son Cory and husband Thomas Tikkanen reside in Hancock.

An independent community bank since 1888, Range Bank - Copper Country, N.A. has over $55 million in assets with offices serving Houghton and Keweenaw counties. It is a member bank of Range Financial Corporation, a $200 million bank holding company that also owns Range Bank, N.A. that serves Marquette and Dickinson counties.

First National Bank of Negaunee and First National Bank of Calumet-Lake Linden take on a new identity

Negaunee, Mich: Following the 2004 renaming of their parent company, Range Financial Corporation, both the First National Bank of Negaunee and the First National Bank of Calumet-Lake Linden will be renamed. Effective Dec. 1, 2005, First National Bank of Negaunee will be named Range Bank, N.A., and First National Bank of Calumet-Lake Linden will be named Range Bank - Copper Country, N.A.

The N.A. stands for National Association, and is a suffix that national banks use if the word "national" does not appear in the bank name.

Range Financial Corporation President and CEO Ken Palmer said the change is being made to better brand the banks' identity, following their recent expansion into three counties and 11 communities throughout the central and western Upper Peninsula.

"The Range name was selected to honor and reflect the heritage of the iron and copper ranges our communities and banks were founded upon," Palmer said.

Palmer added that the public will soon see the new name and logo on its bank signs, ATMs, and in its advertising and communications.

Although the name change brings a uniform name to the member banks of Range Financial Corporation, Palmer said the move does not mean a merger of the banks.

"Our two banks will remain independently chartered national banks with their own CEO and board of directors," Palmer said. "This does not represent a shift in our banks' philosophy or direction. We believe that our customers prefer dealing with local bankers with local decision-making authority - someone they can call or stop in and talk to if they need help or have a problem."

The First National Bank of Negaunee was chartered in 1887 and currently has more than $145 million in assets and 80 employees. The First National Bank of Calumet-Lake Linden was chartered in 1888 and has more than $55 million in assets and 25 employees.

Range Financial Corporation, through its two member banks, now has 13 offices serving the communities of Negaunee, Marquette, Harvey, Marquette Township, Palmer, Koski Korners, Iron Mountain/Kingsford, Quinnesec, Calumet, Lake Linden and Houghton.

For more information, contact Ken Palmer, President and CEO of Range Bank, at 906-475-4151, Janet R. Kuru, President and CEO of Range Bank - Copper Country, at 906-337-2000, or Scott Reilly, Executive Vice President and COO of Range Bank, at 906-475-4151.

First National Banks of Negaunee and Calumet-Lake Linden
A history forged in iron and copper

Negaunee, Mich. - Rather than distancing themselves from their history, the First National Banks of Negaunee and Calumet-Lake Linden hope their new name binds them even closer to the heritage of the areas they serve.

Now known as Range Bank and Range Bank - Copper Country, the two member banks of Range Financial Corporation, chose their new identity to honor the history of the iron and copper ranges of Marquette, Dickinson and Houghton counties.

"The Range name recognizes and, we feel, pays tribute to the roots and proud heritage that generations of families have in their communities," said Ken Palmer, President and Chief Executive Officer of the Range Financial Corporation.

In June 1887, the First National Bank of Negaunee opened its doors in a building on the triangular plot on Iron Street's south side, where the Railo Building now stands. The bank started with $50,000 in paid capital stock and Alexander Maitland as President.

Though many banks did not, First National Bank of Negaunee successfully weathered the national financial panic of 1893. Again in 1932, when many banks were closed, First National was one of the first banks allowed to reopen after the state "bank holiday."

In 1904, in honor of the bank's 17 th birthday, it purchased and remodeled the Davis Block at the corner of Iron and Silver streets for its new headquarters. The building received complete interior and exterior renovation in 1949.

The expansion of the First National Bank of Negaunee closely followed expansion of the Marquette Iron Range. In March 1956 a new branch location opened in Republic's business district, coinciding with the opening of the Republic Mine. When the Empire Mine opened in 1962, First National opened another branch in Palmer.

Branches in Harvey and eastern Negaunee followed in 1965, and Marquette Township in 1976.

In the mid 70s the main office moved to the former Negaunee National Bank building on the 300 block of Iron Street while a new building was constructed on the 1904 Building site. The new building was dedicated in 1975.

In May 2001 the bank opened its new Marquette office on McClellan Avenue. This office, which also houses its commercial lending staff, has experienced considerable deposit and loan growth in its four years of operation, and is the bank's largest office.

In 2003, the bank expanded again to serve the communities of Iron Mountain and Kingsford, and earlier this year opened an office in Quinnesec as well. The bank currently has nine offices and more than $145 million in assets.

The First National Bank of Calumet - Lake Linden was formed in 1888 in Lake Linden, and was originally called the First National Bank of Lake Linden. The bank began with $100,000 in capital stock, and was primarily organized by Joseph Bosch, a pioneer businessman of the area and founder of the Bosch Brewery.

Though John Trelease was the first bank president, serving until 1890, Bosch succeeded him and held the office for the next 45 years.

In 1967 the bank relocated its headquarters to the corner of Sixth and Oak streets in Calumet, becoming the First National Bank of Calumet-Lake Linden. Maintaining its office in Lake Linden, the bank added offices in Houghton in 2002 and on Calumet Avenue in Calumet in 2004.

The bank was purchased in 2000 by the Marquette County Financial Corporation, which became the Range Financial Corporation in 2004. The bank now has more than $55 million in assets.

Over the years, the technology of banking has developed, and the banks have changed along with it. One of the first electronic advances came in the form of a National Cash Register Proof Machine, which consolidated the recording and proving of all transactions - a task that had required three machines - into a single machine. A Recordak machine photographed all checks, providing a record of the signature and endorsements.

Copiers replaced carbon copies, and the first computer was installed in 1987. The technology changes have come even faster in recent years, adding debit cards, online banking and ATMs to the list of services for customers.