1st Quarter Earnings up Sharply at San Diego Trust Bank.

SAN DIEGO -- Net Income Climbs Nearly Five-Fold as Bank Continues to Expand Operations

San Diego Trust Bank (OTCBB:SDBK) announced record earnings for the quarter ending 3/31/06. Net Income increased nearly five-fold and totaled $313 thousand for the first three months of the year compared to $63 thousand for the same period last year. The Bank continues to achieve superior results, generating solid growth in loans, core deposits, and total assets compared to last year. Such growth, combined with a strong net interest margin and prudent management of non-interest expenses, has resulted in significantly increased earnings for the company.

The Bank reported total assets of $81.7 million as of 3/31/06 compared to $59.4 million as of 3/31/05. Total deposits, fueled primarily by growth in non-interest checking and money market accounts, increased to $69.4 million as of 3/31/06 compared to $48.8 million as of 3/31/05. Likewise, the Company's gross loans increased to $55.5 million as of 3/31/06 compared to $41 million as of 3/31/05. The Bank has reported no delinquencies or past due loans since inception and is considered "well-capitalized" by regulatory definition.

"We continue to focus our efforts on establishing quality, profitable relationships with the 'best of San Diego,' rather than attempting to simply 'buy' the business with artificially inflated rates or promotional gimmicks," explained Michael Perry, President & CEO. "Pursuing such a strategy results in the generation of strong, consistent, and sustainable earnings, which ultimately serve to drive shareholder value," he added.

Total revenues increased substantially, totaling $1.4 million for the quarter ending 3/31/06. This represents a significant increase compared to the $748 thousand reported for the same period last year. The Bank turned profitable after only three full quarters of operation and has reported increased earnings each quarter thereafter. "San Diego Trust has clearly distinguished itself as a high-performing bank given the level of profitability they have achieved in just over two years since opening," commented Richard Levenson, Senior Vice President of Western Financial Corporation, an investment banking firm specializing in community banks.

The Bank continues to expand its operations, having recently completed the expansion of their main office located at 2550 Fifth Avenue, San Diego, CA 92103. "We're thrilled to augment our main branch in the lobby with the offices situated on the 10th floor of the Fifth Avenue Financial Center," commented Larry Willette, Chairman of the Board. "The Bank's strong capital position and performance to date has enabled us to move forward with our planned expansion. This investment, plus the addition of several key personnel have positioned us nicely as we move forward with the implementation of our long-term strategic plan," he added.

Founded by several of San Diego's most respected banking veterans and business leaders, San Diego Trust Bank is dedicated to the timeless principles of superior local market knowledge, unparalleled service, and building exceptional shareholder value. With over three hundred years of experience in banking San Diegans, timely local decision making, and one of the most comprehensive product lines found in the market today, San Diego Trust Bank delivers "Performance You Can Trust."

For more information on the Bank, please visit www.sandiegotrust.com or call 619-525-1700.

FORWARD LOOKING STATEMENTS

Statements concerning future performance, developments or events, expectations for growth and income forecasts, and any other guidance on future periods, constitute forward-looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to, loan production, balance sheet management, expanded net interest margin, the ability to control costs and expenses, interest rate changes and financial policies of the United States government and general economic conditions. The Bank disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any forward-looking statements contained herein to reflect future events or developments.

SAN DIEGO TRUST BANK
SELECTED FINANCIAL DATA - UNAUDITED
(All figures in thousands)

For the Three Months Ending:      March 31, 2006        March 31, 2005

Gross Loans                          $55,480               $41,035
Total Deposits                       $69,407               $48,817
Total Assets                         $81,698               $59,420

Total Shareholders' Equity           $12,138               $10,530

Gross Revenue                        $ 1,388               $   748
Net Income                           $   313               $    63