StanCorp Elects Fallis to Board

January 6, 2006

Oregon-based StanCorp Financial Group Inc., which owns subsidiaries Standard Insurance Company and The Standard Life Insurance Company of New York, has elected Stanley R. Fallis of Scottsdale, Ariz., to its board of directors.

Fallis currently serves on the board of directors and is chairman of the audit committee of Hines Horticulture Inc. From 1994 to 1999 he was the chairman and CEO of Everen Clearing Corp., a securities execution and clearing company, and the senior executive vice president and chief administrative officer for Everen Securities Inc., a national full service brokerage firm. Fallis also previously served as senior executive vice president and chief financial officer of Kemper Securities Group.

Fallis is a certified public accountant and a member of the American Institute of Certified Public Accountants.

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