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CALIFORNIA COMMUNITY BANK ANNOUNCES MAJOR SHAREHOLDER

ESCONDIDO, CA -(Business Wire) -(Thursday, April 26, 2007) - California Community Bank (OTCBB: CABK.OB), today announced that Richard W. Arendsee and related entities have received the required regulatory approvals to increase their stock ownership to an aggregate of 20% of the Bank's outstanding common stock vis-a -vis additional share purchases that will be made through the public market. Mr. Arendsee is a founder and current Director of the Bank and presently holds about 9.9% of the bank's common stock. Mr. Arendsee and his related interests have a long history of investing in community banks in California. In addition to his current holdings, Mr. Arendsee has in the past been an original investor, a Board member, and a 23% shareholder of the original Southwest Bank, which was acquired by Security Pacific Bank. He was also a 10% shareholder of Rancho Santa Fe National Bank and his wife, Judith Arendsee, served as a Director of the bank. Mr. Arendsee was also a founding investor in Southwest Community Bank, which was acquired by Placer Sierra Bank in 2006. California Community Bank, which commenced operations on August 11, 2003, is headquartered at 1320 West Valley Parkway in Escondido and currently operates 3 branches - Escondido, San Diego, 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

 

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