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| CALIFORNIA COMMUNITY BANK ANNOUNCES STRONG FIRST QUARTER RESULTS. Bank continues to expand geographically, post record growth, and shrink losses. ESCONDIDO, Calif.—April 27, 2005--California Community Bank (OTCBB: CABK), which commenced operations on August 11, 2003, today released its unaudited 2005 first quarter financial results. After only 19 months of operations, the Bank closed the first quarter of 2005 with an asset base of $59.3 million, an increase of $29.0 million, or 96%, from the first quarter of 2004. Total deposits were $50.4 million, up $30.2 million over the same period a year ago. As of March 31, 2005, total gross loans, the primary revenue driver for the Bank, stood at $40.9 million compared to $15.0 million at March 31, 2004, a record increase of $25.9 million, or 173%. Since its inception, California Community Bank has reported consistent growth in its core loan and deposit portfolios, all of which has translated into shrinking losses for the de-novo financial institution. The Bank reported a net loss of $179 thousand for the first quarter of 2005 compared to a net loss of $433 thousand for the comparable period last year, an improvement of $254 thousand, or 59%. Additionally, driven by its disciplined approach toward building quality market share, the Bank continues to report no delinquent or past due loans as of March 31, 2005. Larry D. Hartwig, President and CEO commented, “We are very pleased with the strong growth in loans and deposits that we have shown, and we remain committed to delivering measurably superior service to all of our Client relationships. I know the entire Board will agree when I say that we couldn’t be more pleased with the results that every member of our team, individually and collectively, is achieving. The new Vista branch office has only been open for three months and is already exceeding expectations. Every employee in the organization is focused on implementing the strategy and achieving our plan. Everyday we work at being the best bank in North County and the results are showing in our numbers. Month to month profitability remains the primary goal for 2005 and we are implementing targeted business development programs to make that happen.” California Community Bank is headquartered at 1320 West Valley Parkway in Escondido and currently operates 2 branches – Escondido and Vista, CA. For more information on the Bank, please visit www.calcommunitybank.com or call 760-888-1000. The numbers in this press release are unaudited. Certain statements in this press release, including statements regarding the anticipated development and expansion of the Bank’s business, and the intent, belief or current expectations of the Bank, its directors or its officers, are “forward looking” statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward looking statements. These risks and uncertainties include, but are not limited to, risks related to the local and national economy, the Bank’s performance, regulatory matters and those discussed in filings by the Bank with the Federal Deposit Insurance Corporation.
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