EXHIBIT 99.1


      Harrington West Declares a Dividend of 30 Cents Per Share

    SOLVANG, Calif.--(BUSINESS WIRE)--June 15, 2007--Harrington West
Financial Group, Inc. (Nasdaq:HWFG), the holding company for Los
Padres Bank, FSB (LPB) and its division, Harrington Bank, today
announced that its Board of Directors has declared a dividend of 30
cents per share payable on July 12, 2007 to holders of record on June
29, 2007. This dividend includes the regular 12.5 cent per share
dividend normally paid in the September 2007 quarter.

    Given the significant reduction in HWFG's securities portfolio
over the last 18 months and the building of capital levels through
retained earnings from growth in the core banking franchise, the Board
decided to return some of these earnings to the shareholders in form
of this special dividend. HWFG is focused on building its banking
franchise of loans, deposits and Harrington Wealth Management assets
through its loan diversification and core deposit gathering strategies
but has reduced the Bank's investment portfolio as market spreads on
investments have narrowed considerably.

    HWFG is a $1.1 billion, diversified, financial institution holding
company for Los Padres Bank and its division Harrington Bank. HWFG
operates 16 full service banking offices on the central coast of
California, Scottsdale, Arizona, and the Kansas City metro. The
Company also owns Harrington Wealth Management Company, a trust and
investment management company with $188 million in assets under
management or custody.

    This Release includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act. All of the statements
contained in the Release, other than statements of historical fact,
should be considered forward-looking statements, including, but not
limited to, those concerning (i) the Company's strategies, objectives
and plans for expansion of its operations, products and services, and
growth of its portfolio of loans, investments and deposits, (ii) the
Company's beliefs and expectations regarding actions that may be taken
by regulatory authorities having oversight of the operation, (iii) the
Company's beliefs as to the adequacy of its existing and anticipated
allowances for loan and real estate losses, (iv) the Company's beliefs
and expectations concerning future operating results and (v) other
factors referenced in the Company's filings with the Securities and
Exchange Commission. Although the Company believes the expectations
reflected in those forward-looking statements are reasonable, it can
give no assurance that those expectations will prove to have been
correct. Investors are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date hereof and
are not intended to give any assurance as to future results. The
Company undertakes no obligation to publicly release any revisions to
these forward-looking statements to reflect events or circumstances
after the date hereof or to reflect the occurrence of unanticipated
events.

    CONTACT: Harrington West Financial Group, Inc.
             Craig J. Cerny, 480-596-6555
             For share transfer information contact:
             Gina L. Ast 805-688-6644