Mission Oaks Among Most Profitable Community Banks

TEMECULA, Calif., Aug. 3, 2005 (PRIMEZONE) -- Mission Oaks National Bank (OTCBB:MKNB) was ranked among the most profitable community banks in California, according to two separate surveys.

Findley Reports, an Anaheim-based banking industry consulting firm, reported that Temecula-based Mission Oaks at the end of 2004 was the second most profitable bank in California among the 48 institutions that have opened their doors since 2000. With 2004 earnings of $1.6 million, Mission Oaks was second only to Interbusiness Bank in the City of Industry, which reported a profit of $2 million last year.

In a Wedbush Morgan Securities report on community banks across the United States, Mission Oaks ranked 12th among 136 California community banks with a return on assets of 1.39 percent. Wedbush makes a market in Mission Oaks common stock.

"We are pleased to be included in the company of such well-run banks," said Gary Votapka, Mission Oaks president and chief executive. "To a large degree, the rankings reflect the hard work of our experienced staff and the dynamic markets we serve."

Mission Oaks posted record results in 2004. The bank earned $1.6 million, or 83 cents a share, up 56.1 percent from $1 million a year ago. Assets in the 12-month period ended Dec. 31, 2004, grew 24.8 percent, or nearly $23 million, to $115.9 million.

Mission Oaks National Bank is an award-winning, community-based, federally chartered bank with assets of more than $130 million that is committed to serving consumers and businesses in Southern California. The bank offers personalized services and products through two full-service branch offices and loan production offices in San Diego and Phoenix. Mission Oaks plans to open a third branch in Ontario this month.

For more on Mission Oaks National Bank visit its Web site at missionoaksbank.com.

Safe Harbor

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 Office of the Comptroller of the Currency.

The Mission Oaks National Bank company logo is available at http://media.primezone.com/prs/single/?pkgid=471



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