Americas United Bank Reports Assets over $102.9 Million.

Asset Growth Exceeds 43% for the Quarter Ended September 30, 2008

GLENDALE, Calif. -- Americas United Bank (OTCBB: AUNB) today announced results for the nine-months ended September 30, 2008.

The Bank continued to experience favorable growth in its loans and core deposits during the quarter ended September 30, 2008. Net loans at September 30, 2008, were $71.4 million, an increase of $29.2 million, or 69.2%, as compared to year-end 2007. Total deposits of $69.5 million represented an increase over the year-end of $23.6 million, or 51.4%. Total assets of $102.9 million at quarter-end were up $31.1 million, or 43.2%, from December 31, 2007.

The net loss for the quarter ended September 30, 2008 was $592 thousand compared to $436 thousand for the third quarter of 2007. The year-to-date loss was $2.1 million compared to $2.2 million in the prior year. The year-to-date loss includes an $818 thousand loan loss provision related to the Bank's loan growth and a $654 thousand non-cash stock compensation expense. The loss was also impacted by the FOMC interest rate reductions and a significant reduction in Gain on Sale income.

"We are somewhat unique in that the Bank has invested in the formation of an SBA lending group called the SBA/Commercial Capital Division. This division, with seven highly qualified professionals, has generated over $30 million of new SBA loans through the quarter ended September 30, 2008. Our SBA Preferred Lender status and our high volume of SBA lending activity have favorably enhanced the Bank's visibility in the marketplace. Additionally, we have been approaching our SBA lending efforts on a relationship basis, rather than the traditional transactional nature of SBA lending, thus we are generating core deposits from this customer base," said Gilbert J. Dalmau, President and Chief Executive Officer of Americas United Bank.

Dalmau continued, "Due to the secondary market for SBA loans virtually coming to a halt with the recent credit crisis, the Bank has been retaining, as opposed to selling, these high yielding loans, thus favorably impacting the Bank's interest income. Alternatively, the Bank's gain on sale income, which provides immediate earnings to the Bank, has been materially reduced. The result has been a reduction in the Bank's current earnings but a stronger and more stable earnings stream going forward."

"We have all seen 2008 as a challenging year for the real estate and financial industries. The effects of the housing and mortgage industry melt-down have had a devastating effect on a number of mortgage lenders and investment banks, and the impact has spread throughout the world. While no individual or company is completely immune to the effects of a major change in the economy, Americas United Bank did not originate or hold any sub-prime mortgages. Our industry is entering a time where being small and local is considered a greater strength than has been previously acknowledged. As a community banker, it is reassuring to directly examine the property you are lending on, and to look in the eyes of the person you are lending to. In the final analysis, we believe this process can help to avoid many of the problems of large scale automated lending programs. During this time of economic uncertainty, the quality of earning assets is more telling than ever, and we are very pleased with the strong performance of the Bank's loan portfolio and its customers," said Manuel J. Remon, Chairman of Americas United Bank.

Dalmau continued, "Our capital position and asset quality remain strong, and our liquidity remains very favorable. As of September 30, 2008, we had minimal non-performing loans, and our investment portfolio consisted of highly liquid U.S. Government sponsored Agency-based securities."

"We continue to be committed to fulfilling the market need for a strong commercial bank that focuses on the needs of the Hispanic business marketplace. We remain committed to superior customer service and we are always reviewing the latest banking technology available to support our current and future clients," said Dalmau.

Basic and diluted loss per share for the third quarter of 2008, were -$0.21 and -$0.22. Book value per share was $8.30 at September 30, 2008.

Having commenced operations on November 6, 2006, as California's first Hispanic-owned Bank to open in over thirty years, the Bank continues to grow at a strong pace, while maintaining a high quality balance sheet position. The Bank's operating losses are reflective of its "start-up" status and consistent with other California de novo banks.

About Americas United Bank:

Americas United Bank (AUB) is the first Hispanic-owned bank to open its doors in California in over thirty years. Founded by a group of respected and successful business leaders (primarily from the Hispanic community), AUB is a full service commercial bank that provides business and personal banking products and services, including business and commercial real estate loans, SBA loans, lines of credit, corporate debit and credit cards, merchant card processing, international trade solutions, and more. For more information on the Bank, please visit our website at www.aubank.com.

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 and implementation of its business plans, loan performance, interest rates, and regulatory matters.

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