Great Basin Bank of Nevada Promotes Jean Sloan to CFO

Business Wire, Oct 6, 2005

ELKO, Nev. -- Terry R. Sullivan, chairman of the board and president/chief executive officer for Great Basin Bank, announced the promotion of Jean Sloan to senior vice president and chief financial officer. Sloan was also elected to secretary of the board of Great Basin Financial Corp. Sullivan said, "The promotion was brought on by the continued expansion and growth of Great Basin Bank and recognizes her expertise in the banking industry and our growth here at the bank." Sloan joined the staff of Great Basin Bank in 1994, serving in several positions including financial control specialist, financial officer, controller, assistant vice president controller and vice president/controller. Sloan describes her job, "Outstanding," and she commented, "It is a pleasure to work at Great Basin Bank and a pleasure to serve our local community."

Sloan has more than 30 years in business administration including serving as office manager of the Great Basin College, formerly known as Northeastern Nevada Community College Foundation, for several years before joining the bank's staff. She has earned three associate degrees in science, arts, and an applied science in business from Great Basin College. She earned her bachelor's degree in business administration with a minor in finance from the University of Nevada Reno. She received her masters in business administration with Beta Gamma Sigma honors from the University of Nevada Reno in 1999. She graduated from Pacific Coast Banking School with her graduate degree in banking in 2004. Sloan is an active member in the Elko Desert Sunrise Rotary club.

Great Basin Bank of Nevada is FDIC insured and an equal opportunity lender. Its parent company, Great Basin Financial Corp., is listed over the OTCBB market at ticker symbol GBFL. More information on Great Basin Bank of Nevada can be found at www.greatbasinbank.com.

This press release contains forward-looking statements relating to operations, product features and benefits, market penetration and market strategies. Such statements are made based on management's beliefs as well as assumptions made by, and information currently available to, management, pursuant to "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements reflect our best judgment; they are subject to risks and uncertainties that could cause a change in focus and direction.