FIRST AFRICAN-AMERICAN INTERNET BANK CONTINUES GRASS-ROOTS CAPITAL RAISING CAMPAIGN

BankBlackwell, the first- ever African-American Internet Bank, has extended the completion date for its public stock offering to February 23, 2006. BankBlackwell is offering up to 1,664,000 shares of its common stock at a public offering price of $10.00 per share. The Bank is offering its common shares directly to individuals and institutional investors.

BankBlackwell is pursuing a national grass-roots capital raising campaign that seeks to place Bank ownership in the hands of the community it serves. The campaign began in late August upon approval of the Banks application for federal deposit insurance from the Federal Deposit Insurance Corporation. BankBlackwell's strategy, like its mission, differs from traditional capital raising strategies employed by majority banks. BankBlackwell is dedicated to creating wealth in the African-American community and is seeking investors who live in and support our community. This approach may take longer than the approach of some recently capitalized brick-and-mortar banks, but is designed to yield a capital structure that is in the long-term best interest of the Bank and the African- American community.

BankBlackwell intends to operate as a savings bank focused on offering selected financial services over the Internet to African-American individuals and churches and to all customers who seek value and convenience. BankBlackwell has received approval from the Office of Thrift Supervision to organize a federal savings bank and from the FDIC for federal deposit insurance.

For information on the Banks investor seminars or to arrange to host an investor seminar, please contact BankBlackwell at 877-226-5229 or visit www.bankblackwell.com