BankBlackwell To Present At Atlanta's Cascade United Methodist Church
First Black Internet Bank Focuses on African American Church Community

Boston, MA (BlackNews.com) - BankBlackwell, a bank in organization, announced today that on February 11, 2006 Bank organizers will provide members of Cascade United Methodist Church its Road Show presentation. The Road Show presentation is a gathering of church members at which information about the Bank is provided to prospective investors. Reverend Walter Kimbrough, Cascade's Senior Pastor, became interested in the Bank's mission after a breakfast meeting with BankBlackwell President James R. Mundy and Board of Director Nominee Kenneth Hudson. During recent Sunday services, Pastor Kimbrough encouraged church members to attend the upcoming Road Show presentation.
With as few as 500, or approximately 7 percent, of Cascade's 7000 members investing at the Banks 100-share or $1,000 minimum subscription, Bank organizers could raise $500,000 during this ground-breaking community event.
In January 2006, BankBlackwell announced its Church Investment Program (CIP). The goal of the CIP is to create an alliance with the African-American church community that promotes economic empowerment, wealth creation and increased home ownership within the community. BankBlackwell President James R. Mundy said the Cascade Road Show is a natural extension of the CIP and one that is being embraced at churches across the country.
BankBlackwell is offering up to 1,664,000 shares of its common stock at a public offering price of $10.00 per share. The Bank is offering its common shares directly to individual and institutional investors, as well as churches. Net proceeds will be used principally for general corporate purposes, including initial working capital and support of loan and deposit growth.
BankBlackwell intends to operate as a savings bank focused on offering selected financial services over the Internet to African-American individuals and churches and to those consumers who seek value and convenience. BankBlackwell has received approval from the Office of Thrift Supervision to organize as a federal savings bank and has also received approval for federal deposit insurance from the Federal Deposit Insurance Corporation. BankBlackwell currently plans to open for business in the second quarter of 2006, subject to its completion of the common stock offering and its satisfaction of all regulatory requirements.
A registration statement relating to the common stock has been declared effective by the Office of Thrift Supervision. BankBlackwell has not registered the common stock under the Securities Act of 1933 or any applicable state or foreign securities laws. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale, of the common stock in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. The offering of the common stock is made only by means of an Offering Circular.
For copies of the Offering Circular, subscription documents or to learn about the Church Investment Program, please contact:

James R. Mundy
President and Chief Executive Officer
BankBlackwell (in organization)
580 Harrison Avenue, 4th Floor
Boston, Massachusetts 02118
1-877-226-5229
www.bankblackwell.com