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Michael Olague Promoted to Chief Administrative Officer for Community Banking at Rabobank, N.A.

March 4, 2008 ­ BAKERSFIELD, CA ­ Michael Olague has been promoted to senior vice president and chief administrative officer for the community banking division of Rabobank, N.A., announced James W. Lokey, president of community banking. As chief administrative officer,

Olague oversees the implementation of the bank's strategic plan throughout its retail branch network. "Michael is in essence the chief of staff of our community banking division," said Lokey. "He is the one who takes the bank's strategic vision, translates it into an action plan, and then makes sure it is implemented in our retail branches." A banker for 30 years, Olague joined Rabobank in 2005 after serving as middle market manager for Bank of America. During his banking career, he has held a variety of managerial positions including regional manager, business banking manager, district manager for retail banking, and retail sales director. A Bakersfield native, Olague earned a bachelor of science degree in business from California State University, Bakersfield. He is a graduate of the University of Virginia Graduate Banking School. Olague serves on the executive board for Mid State Development Corporation, executive advisory council for the CSU Bakersfield School of Business and Public Administration, and the Kern Economic Development Corporation board. He has been chosen as the commencement speaker for the School of Business and Public Administration in June.

Rabobank, N.A. is a California community bank that provides personalized service and a full array of quality products to individuals, businesses, commercial real estate developers and investors, and agricultural clients. With 78 retail offices and 14 financial service centers, we serve the needs of communities from Sacramento to the Imperial Valley through local decision making and active community involvement by our employees. ### Contact: Andy Frokjer VP/Advertising and Communications Manager (805) 473-6885 [email protected]

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Microsoft Word - News Release - Michael Olague Promoted to Chief Administrative Officer.doc