Veteran Banker Denis Weber Joins California Oaks State Bank

THOUSAND OAKS, CA--(Marketwire - May 18, 2009) - California Oaks State Bank (Cal Oaks) (OTCBB: COSB) announces that Denis Weber has recently joined the Bank as a Senior Vice President and Financial Sales Officer. Mr. Weber's impressive history spans 25 years of experience managing banks in Hollywood, Westwood, Santa Monica and Beverly Hills as well as two banks in Westlake Village -- City National Bank and most recently Ventura County Business Bank.

"Denis is a well known and respected banker in the Conejo Valley. His expertise in business development and his extensive community knowledge will be a great asset to support our growth goal of becoming the premier community business bank in Ventura County," said John Nerland, President and Chief Executive Officer.

As the current Mayor of Agoura Hills, Denis is also an original member of the Board of Governors for the Boys and Girls Club of the Conejo/Las Virgenes Valleys, as well as an Assistant Scoutmaster with Boy Scout Troop #775 in Westlake Village. Additionally, Weber is an honorary member of the Westlake Village Sunrise Rotary Club, having served on its board for several years.

California Oaks State Bank, with total assets of $126.4 million, was founded in 1998 and is a locally-owned community bank. Its locations in Thousand Oaks and Simi Valley serve both business and professional services customers. The bank provides a full range of products and services including commercial and real estate loans as well as cash management products and deposit services. Its unique capability in diversified lending in addition to its customary community bank credit products help its customers meets their cash management goals. The bank has earned a reputation for its expertise in commercial lending. For additional information, visit www.caloaks.com.