Washington Federal Bank Selects BoardVantage

    Community bank to use BoardVantage to manage board communications

    MENLO PARK, Calif., March 23 /CNW/ -- Washington Federal Bank for
Savings, a community bank with two branches located in Chicago, has selected
BoardVantage to manage communications with its board of directors.
    According to John F. Gembara, president & CEO of Washington, "It was time
for us to move beyond our paper-based processes and begin managing all of our
communications online. BoardVantage provides a rich set of functionality that
meets all of our needs. Furthermore, with their SAS 70 Type II Certification,
we are confident their solution is secure."
    Washington's corporate secretary will use BoardVantage to assemble
various documents and automatically create monthly board packets. She will
also use the solution to notify directors to new materials, manage the board
calendar, and handle activities such as online consents and surveys.
BoardVantage will also serve as a central repository for board materials
moving forward.
    "We are excited to add Washington Federal Bank as a customer," said Joe
Ruck, president and CEO of BoardVantage. "Washington's selection of our
solution further illustrates that BoardVantage is appropriate for
organizations of all sizes -- ranging from the world's largest banks to
independent institutions serving their local communities."

    About Washington Federal Bank

    Washington Federal Bank for Savings was incorporated in Illinois in 1913.
The bank operates two branches, and focuses primarily on accepting deposits
and originating mortgage loans for homes in the Chicago area. The bank focuses
on providing the community with similar banking services available at the
larger institutions, but with a personal touch. To learn more, visit

    About BoardVantage

    BoardVantage is the leading provider of secure board portals, with
clients across multiple industries and in all sizes -- including over 20
Fortune 100 companies. BoardVantage provides a secure and user-friendly Web
portal for centralizing board documents, processes and communications. It also
provides productivity tools for creating and distributing board materials
efficiently. BoardVantage is SAS 70 Type II Certified, and meets or exceeds
the standards of the most security conscious IT departments, including those
of major financial institutions. To learn more, visit

    BoardVantage Media Contact
    Michael Londgren
    Vice President, Marketing

For further information:

For further information: Michael Londgren, Vice President, Marketing of
BoardVantage, (650) 614-6062, pr@boardvantage.com Web Site:
http://www.boardvantage.com, http://www.washingtonfederalbank.com

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