NSBK

Northern Star Financial, Inc. (OTCBB: NSBK) Northern Star Financial, Inc., the parent company of Northern Star Bank, the Company announced today that it has entered into a agreement with Corporate Merchant Services Inc. who has tendered an offer to acquire fifty-one percent of Northern Star Financial, Inc. (the “Company”). Terms of the deal were not disclosed. The offer is subject to regulatory approval.

Northern Star’s President and Chief Executive Officer, Thomas Stienessen said the proceeds from the offering will be used to fund internal growth at the Company's banking subsidiary, Northern Star Bank. "We are very pleased to have reached this agreement", Stienessen said. “We believe the organization will benefit from expanded services and a more diversified stream of revenue as well as from the managerial resources, clients, products, services and capital the CMS investment brings.”

"We are very excited about the opportunity with Northern Star," said John Gerena, the founder and Chief Executive Officer of Corporate Merchant Services. "We look forward to becoming part of Northern Star Financial, Inc. We believe the investment provides us to the opportunity to grow together while benefiting our clients, and shareholders. This is a natural fit for both companies and will help us contribute to the bank's capital, growth and earnings and raise the bank’s and CMS’ visibility in the marketplace with an expanded menu of products and services.”

Corporate Merchant Services, Inc. is engaged in the business of electronic payment processing which includes: processing and settlement of credit cards, debit cards, gift cards & check transactions. This is also known as “Merchant Services”, which includes the deployment of equipment and technology software for processing of cards and check transactions. The Company’s focus is on low risk, high growth markets such as: Supermarkets, Restaurants, Medical Offices, Internet, Gas Stations, Convenience Stores, Hotels, Motels, Resorts, Franchises and Small to Medium Size Business.

Northern Star Financial, Inc. operates as a bank holding company whose subsidiary provides financial services. Northern Star Bank’s business is that of a financial intermediary and consists primarily of attracting deposits from the general public and using such deposits, together with borrowings and other funds, to make secured and unsecured loans to business and professional concerns and mortgage loans secured by residential real estate and other consumer loans. The Bank operates two full-service offices that are located in Mankato and St. Cloud, Minnesota.

THIS PRESS RELEASE CONTAINS FORWARD-LOOKING INFORMATION AND ACTUAL RESULTS MAY DIFFER.

Statements that Northern Star Financial may publish, including those in this announcement that are not strictly historical, are “forward-looking” statements made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are inherently unreliable and actual results may vary. Factors which could cause actual results to differ from these forward-looking statements include changes in the competitive marketplace, changes in the interest rate environment, economic conditions, outcome of pending litigation, risks associated with credit quality and other factors including without limitation statements relating to our businesses and our prospects, new products, sales, expenses, tax rates, cash flows, prepublication investments and operating and capital requirements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are intended to provide management’s current expectations or plans for our future operating and financial performance and are based on assumptions management believes are reasonable at the time they are made. Forward-looking statements can be identified by the use of words such as “believe,” “expect,” “plan,” “estimate,” “project,” “target,” “anticipate,” “intend,” “may,” “will,” “continue” and other words of similar meaning in connection with a discussion of future operating or financial performance. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict; therefore, actual outcomes and results could differ materially from what is expected or forecasted. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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