Integrity Bank Announces New Officers


ALPHARETTA, Ga., March 3, 2008 (PRIME NEWSWIRE) -- Integrity Bancshares, Inc. (Nasdaq:ITYC) ("Integrity" or the "Company") announced today that its wholly-owned bank subsidiary, Integrity Bank, (the "Bank"), has added ten additional members to its senior management team. These new officers bring an average of more than 20 years of banking and/or bank regulatory experience to the Bank.

As previously reported in September 2007, Integrity's Board of Directors appointed Pat Frawley as President and Chief Executive Officer and Vice Chairman of the Board of Directors of Integrity and the Bank. Mr. Frawley has more than 35 years of senior regulatory and banking experience. He served as Director for Bank Supervision of the Southeast Region for the OCC, and later spent 15 years in senior management positions with C&S National Bank, NationsBank and Bank of America. Most recently, he served as Chairman, President and Chief Executive Officer of Community Bancshares, Inc. in Blountsville, Alabama, a $650 million bank that he was hired to help turn around following financial problems created by certain members of the bank's prior management team. Integrity's Board of Directors believes that Mr. Frawley's extensive banking and regulatory experience are well suited for the challenges facing Integrity. In the five months since Mr. Frawley was appointed as President and CEO of Integrity, he has been actively working to assemble a team of highly experienced bankers to help restore the Bank to a sound and profitable condition.

John Brothers has been appointed as the Bank's Chief Operating Officer. Mr. Brothers has served as a consultant to the Bank since September 2007. Mr. Brothers has 35 years of banking experience, with over 20 years in senior financial management positions in Fortune 500 or larger financial institutions, including Bank of America. Prior to joining the Bank, Mr. Brothers served as COO at Community Bancshares, Inc. in Blountsville, Alabama. Mr. Brothers is expected to oversee the Bank's day-to-day operations, including strategic planning, accounting and finance, Information Technology and profitability initiatives.

David Edwards has been appointed as the Bank's Chief Credit Officer. Mr. Edwards began his career more than 20 years ago with C&S National Bank in Atlanta, Georgia, a predecessor institution to Bank of America, where he held a variety of senior level credit positions. He most recently served as Senior Vice President and Chief Credit Officer for Citizen Bank and Trust of Carrollton, Georgia, an affiliate of Synovus Financial Corp. Mr. Edwards will have responsibility for all loan administration functions at the Bank, including internal loan review, loan underwriting, loan policy/procedure development, loan loss reserve analysis, problem loan resolution and related areas.

"I am extremely pleased to have John and David on board as full-time executive officers of Integrity Bank," Mr. Frawley said. "John brings an extensive background of working in many facets of finance and bank operations, and his strategic planning experience will serve the Bank well as we strive to restructure Integrity's balance sheet and begin adding more new consumer-oriented loan and deposit products. David's significant experience in credit administration and oversight will be a critical factor in positioning us to attempt to work through the recently identified issues facing the Bank."

In addition, the Bank recently hired or appointed the following eight senior managers:


 -- Mark Ferrano has been appointed as the Bank's Chief Commercial
    Lending Officer and will oversee management of the Bank's largest
    lending relationships and development of new commercial lending
    relationships.  Mr. Ferrano has 30 years of banking and regulatory
    experience including five years with the OCC and the Federal
    Reserve.

 -- Susan Whittle has been appointed as the Bank's Senior Commercial
    Lending Officer. Ms. Whittle has more than 30 years of banking
    experience, including with Colonial Bank, Citizens Bank & Savings,
    Southwest Georgia Bank, and Citizens Bank & Trust of West Georgia,
    an affiliate of Synovus Financial Corp.

 -- Ralph Hultin has been appointed as Loan Review Manager and will
    oversee the Bank's internal loan review and credit underwriting
    functions.  Mr. Hultin has over 30 years of banking experience,
    including over 25 years with PNC Bank, where he served as a
    commercial loan officer before being named Regional Lending
    Manager for the Central Pennsylvania market.  He most recently was
    Senior Loan Review Officer with Citizens Bank & Trust of West
    Georgia, an affiliate of Synovus Financial Corp.

 -- Jeremy Jameson has been appointed as Loan Review Officer.  Mr.
    Jameson will assist Mr. Hultin in conducting the Bank's internal
    loan review program.  He has over seven years of commercial
    lending and relationship management experience, having worked at
    Wells Fargo, Commercial Federal Bank and Midwest One Bank in Iowa,
    and at American Southern Bank in Roswell, Georgia.

 -- Teri Gann has been appointed as Business Development Manager and
    is expected to oversee expansion of the Bank's consumer lending
    activities and business development.  Ms. Gann has more than 30
    years of banking experience, including nearly 20 years with Bank
    of America where she served in a variety of consumer and
    commercial lending positions.  Most recently, she served as a
    senior commercial lender with Branch Banking and Trust Company in
    its Roswell, Georgia office.

 -- Sandra Grannum has been appointed as Manager of the Bank's Roswell
    branch.  Ms. Grannum he spent nine years in various positions with
    JPMorgan Chase in New York and Michigan, and most recently served
    as a branch manager for over two years with Wachovia.

 -- Mark Melnikoff has been appointed as a Loan Workout Specialist for
    the Bank.  Mr. Melnikoff joins the Bank after serving for four
    years in the same capacity with Gainesville Bank and Trust in
    Gainesville, Georgia.  Prior to that, he spent over six years
    involved in collection activities with Fidelity Bank, BB&T and
    Atlantic States Bank, all in the metro Atlanta area.

 -- Greg Jones has been appointed as the Bank's Director of Regulatory
    Relations and will be responsible for coordinating the Bank's
    communications with all regulatory authorities and for oversight
    of the Bank's overall compliance programs and internal audit
    activities.  Mr. Jones has over 25 years of banking and regulatory
    experience, including more than 20 years with the OCC and OTS,
    working primarily with troubled banks and thrifts to effectively
    resolve regulatory concerns.  He also spent five years with
    NetBank, Alpharetta, Georgia, where he served as the Director of
    Regulatory Relations, CRA Officer and Privacy Officer.

"We are pleased to announce the addition of these seasoned professionals to Integrity Bank's management team. Not only do they bring a wealth of experience to the Bank, but the experience they bring is highly focused on the areas of responsibility that each of them will have with Integrity," Mr. Frawley stated. He added, "While the addition of these officers significantly adds to the depth of our management team, we hope to add more senior officers in the next several months. I believe that this management team, together with the Integrity staff that was in place when I arrived in September 2007, is well suited for managing the Bank through the current market down-cycle affecting the financial services industry and working towards restoring Integrity to a sound and profitable condition."

About Integrity Bancshares, Inc.

Integrity Bancshares, Inc. is a holding company for Integrity Bank, a Georgia bank. The Bank began operations on November 1, 2000 and its main office is located at 11140 State Bridge Road, Alpharetta, Georgia 30022. The Bank also has full-service financial centers at 900 Woodstock Road in Roswell, Georgia; 1650 Cumberland Parkway in Smyrna, Georgia; 1581 Satellite Boulevard in Duluth, Georgia; and 445 Peachtree Parkway in Cumming, Georgia.

The primary investor contact at the Company is Ms. Suzanne Long, Senior Vice President and Chief Financial Officer. For additional information please access the Investor Relations section of the Bank's website at www.myintegritybank.com. The information contained in this website is not a part of this press release.

Cautionary Notice Regarding Forward-Looking Statements

This press release may include certain forward-looking statements within the meaning and subject to the protection of the Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, among others: statements relating to restoring the Bank to a sound and profitable condition; statements regarding restructuring the Bank's balance sheet and adding more new consumer-oriented loan and deposit products; statements regarding the Bank's ability to work through the recently identified issues facing the Bank; statements regarding the experience that new officers and employees bring to the Bank; expectations regarding hiring additional senior officers; and statements regarding the ability of the management team to manage the Bank through the current market down-cycle effecting the financial services industry and restoring the Bank to a sound and profitable condition.

Such forward-looking statements reflect management's current expectations, beliefs, estimates, and projections regarding the Company, its industry and future events, and are based upon certain assumptions made by management. These forward-looking statements are not guarantees of future performance and necessarily are subject to risks, uncertainties, and other factors (many of which are outside the control of the Company) that could cause actual results to differ materially from those anticipated. These risks, uncertainties, and other factors include, among others: changes in general economic or business conditions, either nationally or in the State of Georgia; changes in the interest rate environment; the Company's ability to successfully offer new loan and deposit products; the Company's ability to successfully operate its branches and collect on delinquent loans; changes in the regulatory environment; the ability of the Company to identify and hire additional senior officers and retain its current management team, especially in light of the Bank's current financial situation; the Bank's ability to timely identify and favorably address and resolve credit issues, troubled loans, non-performing assets and other negative developments; the Bank's ability to overcome current market challenges, as well as the challenges imposed by continued asset impairment, compensation expense and other factors currently faced by the Bank; and other risks described in the Company's Form 10-K for the year ended December 31, 2006 and Form 10-Q for the quarter ended September 30, 2007, and as described from time to time by the Company in other reports filed by it with the Securities and Exchange Commission.

You should not place undue reliance on forward-looking statements, since any forward-looking statement speaks only to the date on which the statement is made. The Company has no obligation and does not undertake to publicly update, revise or correct any of the forward-looking statements after the date of this press release, or after the respective dates on which such statements otherwise are made, whether as a result of new information, future events or otherwise, except as may be required by law.


            

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