Message From Our President Dear Shareholders, We continue to make progress in our capital raising efforts with $1.7 million in executed offering subscriptions and another $9.0 million held in escrow toward the purchase of assets and common stock separate from the offering. All $10.7 million currently held in escrow has come from local Idaho investors, which includes 100% board of director and executive officer participation. The capital offering is scheduled to expire on September 15, 2011 and we have a need for $4.8 million in additional investment to reach our goal. Successfully enhancing capital levels will positively impact each of our four key performance metrics. Not only will new capital increase our regulatory capital levels, but additional capital will reduce our classified assets ratio, contribute directly to higher earnings, and further improve our liquidity position. If you have ques- tions or interest in purchasing shares of Syringa Bancorp, please contact me directly. Although the last few years have presented challenges, we remain focused, excited and confident that we will emerge from these trou- bled economic times stronger and better positioned to take advan- tage of the economic opportunities ahead in the great state of Idaho. The Syringa Bank team is passionately committed to our vision, val- ues, and the ability to provide all customers an extraordinary banking experience. Enclosed you will find Syringa Bancorp’s financial statements for the first quarter of 2011. As always, we appreciate shareholder feedback. Thank you for your continued support. Scott Gibson President and Chief Executive Officer
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