ESCONDIDO, CA – (Business Wire) – October 31, 2005 - California Community Bank (OTCBB: CABK.OB), today reported that the Bank has closed its secondary offering to raise additional capital and that the company’s $12 million offering at $15.00 per share was over-subscribed, generating $13 million of new capital for the institution. The Bank employed Seapower Carpenter Capital, Inc., an affiliate of Carpenter & Company, to assist with the capital raising. The company will issue 867,709 new shares as a result of the offering and will now have total equity in excess of $21 million.

Larry D. Hartwig, President and CEO commented, “We had our first fundraising meeting on August 24 and we first solicited our existing shareholders to be sure they had every opportunity to avoid dilution. Our Board and Management are extremely pleased with the response both from existing shareholders and the market in general. We clearly achieved our goal to broaden and diversify our shareholder base while remaining the only locally controlled and operated small community bank headquartered in central Escondido. The offering was a great success no matter how you measure it. All of this gives us the opportunity to grow organically and to increase the size of our geographic footprint in San Diego County.”

California Community Bank recently reported outstanding third quarter 2005 performance, continuing to grow the business and posting its first quarterly net profit. Net profit was $109 thousand for the three months ended September 30, 2005, and total assets were $91.6 million at the end of the quarter.

The Bank, which commenced operations on August 11, 2003, 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.

CONTACT:
California Community Bank, Escondido, CA
Larry D. Hartwig, 760.888.1001
lhartwig@calcommunitybank.com