Great Florida Bank’s (GFLB) Common Stock Regains Compliance With NASDAQ Minimum Bid Price

MIAMI LAKES, Fla., Jan. 27, 2010 (GLOBE NEWSWIRE) — Great Florida Bank (Nasdaq:GFLB – News), today announced it was notified on January 25, 2010 by The Nasdaq Stock Market (“NASDAQ”) that the Company’s common stock price is now in compliance with Listing Rule 5450 (a)(1). Great Florida Bank’s common stock (Nasdaq:GFLB – News) continues to trade on the NASDAQ Global Market.

ABOUT GREAT FLORIDA BANK

Great Florida Bank (Nasdaq:GFLB – News), headquartered in Miami Lakes, Florida was established on June 30, 2004 as a state-charted commercial bank. The Bank listed on the NASDAQ Global Market on December 5, 2007 and joined the prestigious American Bankers Association Community Bank Index in June 2008. On September 30, 2009, total assets were $1.7 billion, Tier 1 Capital was $114 million, and the Tier 1 Leverage ratio was 6.5%. The Bank operates twenty-eight (28) Solution Centers and two residential lending offices throughout Miami-Dade, Broward and Palm Beach Counties. Great Florida Bank is committed to providing ideas and solutions to its customers’ financial needs by conveniently delivering personalized, state-of-the-art products and services, such as GFB Mobile Banking for individual consumers and cash management clients and GFB Remote Deposit Capture for business customers, all in a relaxed environment. For more information, visit our website at www.greatfloridabank.com or call 305-514-6900 (toll-free 866). Member FDIC.