FOR IMMEDIATE RELEASE: January 16, 2003 CONTACTS: Vectra Bank - Molly Bowler, 303-780-9665 or Mindy Kaufman, 303-691-9279 NEW VECTRA BANK BRANCH NOW OPEN AT QUEBEC SQUARE, HEART OF FORMER STAPLETON AIRPORT Statewide Bank Becomes the First to Serve this New Mixed-Use Community DENVER - Vectra Bank Colorado has opened its 9,500-square-foot, stand-alone bank branch at Quebec Square, the new retail center that anchors Forest City's redevelopment of the former Stapleton International Airport. The Vectra branch is the first bank to open at the Stapleton redevelopment, and will be the only stand-alone bank at Quebec Square. "Quebec Square offers Vectra an unparalleled opportunity to grow its business within the City of Denver. We appreciate the opportunity to be part of the nation's largest urban development, as Stapleton becomes a thriving community," said Brian Wilkinson, market president of Vectra Bank Colorado. "Vectra continues to focus on providing an array of outstanding services to the businesses and individuals in the communities we serve," said Wilkinson. "This new branch will serve the metro area's northeast and central regions, both as a neighborhood bank within the Stapleton redevelopment and as a commercial banking center for the area's retail and business neighbors." Quebec Square joins Vectra's network of more than 50 branches statewide. Located at 3600 Quebec St., at the northeast corner of 36th Avenue and Quebec Street, the new Vectra Bank joins Quebec Square retailers including Sam's Club, The Home Depot, Office Depot and Super Wal-Mart. With a dozen full-time employees, the branch offers a full range of services, including commercial banking services, mortgage banking and a full retail banking staff. The branch is open from 9 a.m. to 5 p.m., Monday through Friday, and from 9 a.m. to 12 noon on Saturdays. The drive-through operates from 7:30 a.m. to 6 p.m., Monday through Friday, and from 7:30 a.m. to 12 noon on Saturdays. The branch telephone number is 720-947-8250. Vectra Bank Colorado is a full-service financial institution that offers Colorado businesses and consumers a complete range of products and services, including banking, mortgages, personal trust and private banking, investments, leasing, real estate financing, corporate banking and cash management. Vectra Bank Colorado is Colorado's fifth largest bank. With total assets of $2.7 billion and more than 50 branches across Colorado, Vectra Bank Colorado promises customers, "You do life. We'll do the banking." The bank's website address is www.vectrabank.com. Forest City Enterprises, Inc. (NYSE:FCEA) (NYSE:FCEB) is a $4.9 billion NYSE-listed real estate company headquartered in Cleveland, Ohio. The Company is principally engaged in the ownership, development, acquisition and management of commercial and residential real estate throughout the United States. The Company's portfolio includes interests in retail centers, apartment communities, office buildings and hotels in 20 states and the District of Columbia. More information about the redevelopment of Stapleton is available on the Web at www.stapletondenver.com or www.fceinc.com.