MEDFORD, OR--(Marketwire - Oct 11, 2012) - PremierWest Bank (NASDAQ: [ PRWT ]) is pleased to announce the launch of the Financial Answer Center, a revolutionary online education system that is a first of its kind among West Coast community banks.

The Financial Answer Center provides customers with immediate answers to hundreds of financial questions and enables customers to download extensive Quick Guides to over 30 broad categories of information to help manage their financial life, such as investments, retirement planning, cash and debt management, running a small business, planning for college and much more. The wealth of financial data has been developed by a team of financial and educational content experts from Truebridge, Inc. of Boston, MA. The Financial Answer Center is easily accessible and free to download from PremierWest Bank's home page at [ www.premierwestbank.com ].

"PremierWest strives to be an all encompassing financial resource for our customers, and the Financial Answer Center gives our customers access to information on hundreds of topics," said Ken Wells, Executive Vice President of PremierWest Bank. "And, if they desire to go deeper into a subject, a few clicks will direct them to a bank representative based in their area with extensive knowledge about the subject. We are thrilled to be the first community bank on the West Coast to present such a benefit to our customers."

Stewart Rose, President of Truebridge, Inc. said: "We're delighted to be associated with PremierWest. PremierWest is a forward looking bank that understands what it means to build meaningful customer relationships in part by providing the educational information that their customers want in order to make better financial decisions throughout their life."

ABOUT PREMIERWEST BANCORP

PremierWest Bancorp (NASDAQ: [ PRWT ]) is a financial services holding company headquartered in Medford, Oregon, and operates primarily through its subsidiary PremierWest Bank. PremierWest Bank offers expanded financial services through PremierWest Investment Services, Inc.