Centennial Bank Holdings, Inc. (Nasdaq: CBHI) announced today that veteran banker Cathy Goss has joined its subsidiary bank, Guaranty Bank and Trust Company. Ms. Goss, named as EVP of Commercial Banking, brings with her over 21 years of commercial banking experience in the Denver metropolitan area.

Dan Quinn, CEO of Centennial Bank Holdings, Inc., remarked, "We are very excited to have Cathy join our team. With her experience in commercial banking, we expect her to contribute significantly to the development of our commercial banking program throughout our markets in the Colorado Front Range."

About Centennial Bank Holdings, Inc.

Centennial Bank Holdings, Inc. is a bank holding company with $2.9 billion in total assets as of June 30, 2006 that operates 37 branches in Colorado through its three bank subsidiaries, Centennial Bank of the West, Guaranty Bank and Trust Company and Collegiate Peaks Bank. The company provides banking and other financial services including real estate, construction, commercial and industrial, and consumer and agricultural loans throughout its targeted Colorado markets to consumers and small to medium-sized businesses, including the owners and employees of those businesses. Centennial Bank of the West also provides trust services, including personal trust administration, estate settlement, investment management accounts and self-directed IRAs.

Forward-Looking Statements

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