1st Centennial Bancorp Reports Record Earnings.

REDLANDS, Calif. -- 1st Centennial Bancorp ("the Company") (OTCBB:FCEN), parent holding company of 1st Centennial Bank ("the Bank"), today announced third quarter operating results. Earnings for the quarter ended September 30, 2006 were $1.8 million, compared to earnings of $1.3 million for the third quarter 2005, representing a 42%, or $550,000 increase. Basic earnings per share1 were 58 cents for the current quarter compared to 41 cents for the same period last year. Year to date income for 2006 was $5.4 million compared to $3.5 million for 2005, an increase of $1.9 million, or 53%. Year to date basic earnings per share1 were $1.70 compared to $1.13 for the same period last year. The Return on Average Equity and Return on Average Assets as of September 30, 2006 were 19.60% and 1.51%, respectively, compared to 15.96% and 1.17% for the same period in 2005, respectively.

During the third quarter, the Bank entered into a $30 million leveraged transaction that included an interest rate floor to mitigate interest rate risk in a declining rate environment. Total assets reached a record high of $540 million at September 30, 2006, up 18%, or $84 million, from $456 million at December 31, 2005.

Total net loans increased $44.5 million, or 12% from $381.2 million at December 31, 2005 to $425.7 million at September 30, 2006. Deposits, at $447.8 million on September 30, 2006 increased $46.5 million, or 12% from $401.3 million at December 31, 2005. The growth in loans and deposits was due to the continued success of our business development efforts in and around the marketplaces we serve.

Thomas E. Vessey, President and Chief Executive Officer, stated, "We are pleased that our Strategic Plan has brought the desired earnings and growth results. We believe that our geographic marketplace will continue to serve as a platform for continued business opportunities."

Patrick J. Meyer, Chairman of the Board, stated, "It is with great enthusiasm and pride that we report record performance of the Company. We continue to extend our gratitude for the trust and confidence shown to us by our shareholders and customers, and are proud of our employees' commitment to excellent customer service."

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 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 therefrom, 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].

1 All per share data has been adjusted for the 50% stock distribution declared to shareholders of record on March 3, 2006, and distributed April 3, 2006.

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