ESCONDIDO, CA - (Business Wire) - April 24, 2008 - California Community Bank (OTCBB: CABK.OB), today released its unaudited first quarter 2008 financial performance results.

For the first quarter of 2008, the Bank reported a net profit of $13,000, or basic earnings per share of 1 cent, versus $110,000, or basic earnings per share of 5 cents, for the comparable period last year.

The Bank closed the first quarter of 2008 with an asset base of $145,956,000, an increase of $22,065,000, or 18%, from the end of March 2007. Total deposits were $122,122,000, up $21,636,000, or 22%, over the same period a year ago. As of March 31, 2008, total gross loans net of deferred fees stood at a record high of $121,562,000 compared to $95,882,000 at March 31, 2007, a significant increase of $25,680,000, or 27%.

Larry D. Hartwig, President and CEO commented, "On an industry-wide basis, the first quarter of 2008 continued to experience considerable erosion of the credit markets due to economic changes and asset quality issues. Despite these factors, we continued to achieve solid growth in both loans and deposits. Equally important, driven by our commitment to responsible credit underwriting and sound business practices, we did not have a single delinquent or past due loan as of quarter end. However, the first quarter of 2008 also saw the Federal Reserve further intensify the pressure on our net interest margin by sharply cutting short-term interest rates by another 2.0%. Non-interest expenses were up on a year-over-year basis, principally due to our mid-year 2007 strategic branch expansion within the Escondido marketplace - a key investment that is beginning to pay dividends. We are proud of the franchise we are building and the strategic balance sheet growth we have again achieved. One building block at a time, we are methodically laying the foundation to create an outstanding community banking organization. I would reiterate that there were no surprises in this quarter's operating results. We fully recognize the valuable contributions of our professional staff in this ongoing process and the progress that they are making toward improving our performance trends."

Hartwig further commented, "We are not involved in any way in the now infamous sub-prime residential loan markets. We remain focused on our relationship style of banking targeted toward small-to-medium size businesses, professionals, and high net worth individuals within our market area. We have also taken action to effectively mitigate further exposure to the sustained falling interest rate environment. And, as demonstrated by having recently received regulatory approval to open our 4th full-service branch in Encinitas, CA, we continue to see opportunities unfold in today's community banking environment. We have already recruited a team of strong relationship oriented bankers committed to providing our customers with 'Real Solutions. Personally Delivered' - and we anticipate that the new branch will open before the end of the second quarter."

California Community Bank 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

CONTACT:
California Community Bank, Escondido,CA
Larry D. Hartwig, 760-888-1001
lhartwig@calcommunitybank.com