PAOLA, Kansas, May 24 /PRNewswire-FirstCall/ -- Team Financial, Inc. (the "Company", Nasdaq: TFIN) and Michael L. Gibson announced that Mr. Gibson, President of Corporate Development, is retiring from the Company pursuant to an early retirement agreement effective June 30, 2007, following 36 years of service. Mr. Gibson joined Miami County National Bank, the predecessor for TeamBank, N.A. in 1971. He has served as an executive officer and a director since May 1986. He has since served in various positions within the Company including former President of TeamBank, N.A., and former Chief Financial Officer/President of Investments of Team Financial, Inc. Mr. Gibson was one of the original founders of the Company which utilized the ESOP (Employee Stock Ownership Plan) to purchase the bank from W.C. "Dub" Hartley in 1986 in a leveraged buyout. Today, the ESOP owns approximately 25% of the Company. Mr. Gibson also played a key role in taking the Company public in 1999. Throughout his career, Mr. Gibson has played an active role in various civic and banking organizations. He served as a member of the Paola School Board, was an active member of the Paola Little League and a current member of the First Presbyterian Church of Paola, where he has served as Deacon and Elder. He has served in the Miami County Bankers Association, and the American Bankers Association. He is a member and a former President of the Kansas Bankers Association, past Chairman of the Kansas Bankers Association Federal Affairs Committee and a member of the Governing Council. He also currently serves on the American Bankers Association Government Relations Council. "The opportunity to take early retirement is a goal Linda and I have had over the years. We will remain active in the community we love," said Mike. "I am looking forward to working with charitable activities and also new entrepreneurial opportunities. I would like to thank all of my friends, colleagues, and customers who have been loyal supporters for the past 36 years. Without them my success would not have been possible. I also want to acknowledge my continued support of the Company. I am optimistic about the potential future increase in shareholder value." Team Financial, Inc. is a financial services company with $758 million in total assets. It operates in the Kansas City metropolitan area, southeastern Kansas, western Missouri, the Omaha, Nebraska metropolitan area, and in the Colorado Springs, Colorado metropolitan area. The Company offers a full range of consumer and corporate banking services, including small business loans, mortgage loans, trust services, and investment and brokerage services. For additional information on Team Financial, Inc., visit its web site at http://www.teamfinancialinc.com/ or call 913-294-9667. This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995 that are subject to certain risks and uncertainties that could cause actual results to differ materially from historical income and those presently anticipated or projected. The Company cautions readers not to place undue reliance on any such forward looking statements, which speak only as of the date of this release. Such risks and uncertainties include those detailed in the Company's filings with the Securities and Exchange Commission, risks of adversely changing results of operations, risks related to the Company's expansion strategies, risks relating to loans and investments, including the effect of the change of the local economic conditions, risks associated with the adverse effects of the changes in interest rates, and competition for the Company's customers by other providers of financial services, all of which are difficult to predict and many of which are beyond the control of the Company. DATASOURCE: Team Financial, Inc. CONTACT: Rick J. Tremblay, Chief Financial Officer, +1-913-294-9667, , or Michael L. Gibson, President of Corporate Development, +1-913-259-2172, , both of Team Financial, Inc. Web site: http://www.teamfinancialinc.com/

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