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Alamogordo Financial Corp. Declares Dividend

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ALAMOGORDO, N.M.--([ BUSINESS WIRE ])--Karlon Cox, President of Alamogordo Financial Corp. (OTCBB: ALMG) (CUSIP number 011448107) today announced that the Company has declared a cash dividend of $ 0.35 per share on the Companya™s common stock for the fiscal quarter ended September 30, 2010. The dividend will be payable to stockholders of record as of December 21, 2010, and will be paid on January 12, 2011.

Alamogordo Financial Corp. is the parent corporation for BANKa™34, a federally chartered savings association headquartered in Alamogordo, New Mexico. BANKa™34a™s deposits are insured by the Federal Deposit Insurance Corporation.