1st Centennial Bancorp Announces Record Earnings.

REDLANDS, Calif. -- 1st Centennial Bancorp (OTCBB:FCEN), parent holding company of 1st Centennial Bank, today announced financial results for the third quarter. The Company reported earnings for the quarter ended September 30, 2007 of $2.126 million, compared to earnings of $1.849 million for the third quarter 2006, representing a 15%, or $277,000 increase. Basic earnings per share were 44 cents for the current quarter compared to 39 cents for the same period last year. Diluted earnings per share were 40 cents for the current quarter compared to 35 cents for the same period last year. Net year-to-date earnings through September 2007 were $6.247 million compared to $5.412 million for net year-to-date earnings through September 2006, a 15% increase year over year.

The Return on Average Equity and Return on Average Assets as of September 30, 2007 were 18.33% and 1.41%, respectively, compared to 19.60% and 1.51%, for the same period in 2006, respectively. The decrease was due to faster growth in Average Equity and Average Assets than in income.

Total net loans increased $61.4 million, or 14% from $426.2 million to $487.6 million from December 31, 2006 to September 30, 2007. Our asset quality remains sound. Deposits, at $487.9 million, represent an increase of $31.4 million or 7% from $456.5 million at December 31, 2006. Total assets reached a record high of $660.3 million at September 30, 2007, up 20%, or $109.2 million, from $551.1 million at December 31, 2006.

Thomas E. Vessey, President and Chief Executive Officer, stated, "Despite all of the negative news about subprime mortgage lending (we have none), and the softening real estate market, we are pleased to report positive news. By being disciplined and adhering to our strategic plan, our performance ratios continue to excel despite the many challenges facing our industry this year."

Patrick J. Meyer, Chairman of the Board, stated, "We are delighted to reach record performance during the third quarter of 2007. We are building on a strong foundation. We have a commitment to community banking, and will continue to work hard to earn the continued trust and confidence shown to us by our loyal shareholder and customer base."

1st Centennial Bank operates its main office and construction/real estate loan production offices in downtown Redlands, California; its Religious Lending Group and its SBA/Commercial Lending Group and a full-service branch in Brea, California; its Homeowners Association division and a full-service branch in Escondido, and full-service branches in Palm Desert, Irwindale and Temecula, California.

The statements contained in this release that are not historical facts are forward-looking statements based on management's current expectations and beliefs concerning future developments and their potential effects on the Company. Readers are cautioned not to unduly rely on forward-looking statements. Actual results may differ from those projected. These forward-looking statements involve risks and uncertainties including but not limited to the health of the National and California economies, the Company's ability to implement its strategy and expand its lending operations, the Company's ability to attract and retain skilled employees, customers' service expectations, the Company's ability to successfully deploy new technology and gain efficiencies there from, the success of branch expansion, changes in interest rates, loan portfolio performance, and other factors detailed in the Company's SEC filings.

Additional information is available on the Internet at www.1stcent.com or by contacting Beth Sanders, Executive Vice President and Chief Financial Officer at [e-mail].

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