DENVER -Native American Bank (NAB) today reported strong net income growth for the first quarter of 2008. First quarter 2008 net income equaled $234,000, up 102% from first quarter 2007 net income of $116,000.

Driving net income performance was a 20% increase in total interest income which grew from $1,608,000 on March 31, 2007 to $1,934,000, an increase of $326,000.

Total revenues for the first quarter of 2008 equaled $2,182,000, the highest quarterly gross income in NAB’s history, and an increase of $306,000 over the $1,876,000 posted during the first quarter of 2007.

“This was an exemplary first quarter for Native American Bank” J.D. Colbert, president and Chief Executive Officer, said. “That NAB could more than double net income over the prior year period during these turbulent economic times is a testament to the bank being able to serve our target market of Indian Country and the robust market opportunities of tribal non-gaming enterprises as well as the continuing emergence of native entrepreneurs.”

Native American Bank’s total assets grew to $103,000,000 on March 31, 2008, an increase of 22% over total assets of $85,000,000 one year earlier. In addition, the bank’s total equity capital, an important measure of safety and soundness, grew to $11,994,000 up from $10,400,000 a growth rate of 15%.

Total deposits at the bank grew by 22%, or by $16,887,000 to $90,825,000.

“NAB has experienced very strong deposit growth in recent months,” Elouise Cobell, cochair of the board, said. “With the turmoil in the financial markets we are witnessing a flight to quality and safety and thus deposits at the bank have increased accordingly.”

Native American Bank, N.A. is a nationally-chartered, community development focused bank with headquarters in Denver, and banking offices in Montana, Alaska and an office soon to be opened in Idaho.

The bank is owned by 26 federally-recognized Indian tribes and Alaska Native corporations and villages.

For more information, please visit the NAB website at www.nabna.com.