Aircraft Lending Takes Off at Mission Oaks.

TEMECULA, Calif. -- Mission Oaks National Bank has long been the preferred choice for those looking for loans to purchase real estate, start a business or finance an expansion.

Now it hopes to become the lender of choice for pilots shopping for airplanes.

Mission Oaks has created an aircraft lending department and hired veteran aviation lender Juan Alonzo III to manage it.

"Mission Oaks sees opportunity in a growing market and has found the right person to do it," said Gary Votapka, Mission Oaks president and chief executive. "Juan is well known and respected by aircraft dealers and owners."

Alonzo has specialized in aircraft finance for the last two decades. He started the aircraft lending deaprtment at Riverside National Bank in the mid-1980s and most recently was vice president and aircraft department manager at Community National Bank. There he oversaw a loan porfolio of about $32 million. He also made aircraft loans while working at First Pacific National Bank.

Alonzo will service customers in California and the western United States from New Mexico to Washington from the bank's Business Center in Ontario, not far from his home in Fontana.

Over the last several years the market for non-commercial airline and non-military aircraft has experienced healthy growth.

The General Aviation Manufacturers Association, a trade organization based in Washington, D.C., said worldwide shipments of piston-engine aircraft, which reached a 20-year peak in 2004, increased another 20.2 percent in 2005 to 2,465 new units. Turboprop airplane shipments went up 13.7 percent in 2005 to 365 new units, and business jets increased 26.9 percent in 2005 to 705 units.

Mission Oaks National Bank, principal subsidiary of Mission Oaks Bancorp, is a federally chartered community bank with assets of more than $160 million that is committed to serving consumers and businesses in Southern California. The bank offers personalized services and products through three full-service branch offices in Temecula and Ontario and loan production offices in San Diego and Phoenix.

Mission Oaks Bancorp common stock is traded over the counter under the stock symbol MOKB.OB.

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.