Bank of Sacramento Reports First Quarter Earnings.

Business Editors

SACRAMENTO, Calif.--(Business Wire)--April 10, 2000

As of March 31, 2000 Bank of Sacramento's total assets stood at $71.1 million which represented a continuation of the sound growth that has been sustained since the Bank's July 1998 opening.

During the first quarter deposits grew to $61.9 million at March 31, 2000. This represents a 41% increase ($18.0 million) over the March 31, 1999 figure of $43.9 million.

The growth in net loans from first quarter 1999 to first quarter 2000 was also significant. At March 31, 2000 net loans stood at $43.5 million representing a 153% ($26.3 million) increase over the March 31, 1999 figure of $17.2 million.

"These are two more major milestones for our young bank" stated CEO William J. Martin. "To grow deposits to over $61 million in our twenty months of existence and to expand loan outstandings by 2 1/2 times over the past twelve months is certainly indicative of the commitment of our staff and Board and the strong acceptance of the Bank by our community."

The Bank's operating profit for the first quarter 2000 was $40,388 compared to a first quarter 1999 operating (loss) of ($413,000). The first quarter earnings continued the positive trend of the Bank's quarterly operating results:

                                         Quarter Ending

                                3/31/00  12/31/99   9/30/99   6/30/99
Net Operating Profit/(Loss):    $40,000   $11,000 ($182,000)($295,000)
Profit/(Loss)in Cents per Share:   $.04      $.01     ($.16)    ($.25)

The Bank's tier one capital at March 31, 2000 stood at $9.1 million and the Bank's leverage capital ratio of 13.9% places Bank of Sacramento by all regulatory standards in a "well capitalized" position.

Martin concluded that: "The soundness of our balance sheet represents the true strength of our growth and that this soundness will hold us in good stead regardless of the economic climate. We look forward to expanding the growing profitability of the Bank."

Forward Looking Statement Disclosure

Statements made in this release may constitute Forward Looking Statements within the meaning of the Private Securities Litigation Reform Act of 1995 and any such statements are subject to risks and uncertainties that could cause actual results to differ materially. Such risks and uncertainties include those related to the economic environment, particularly in the region where Bank of Sacramento operates, competitive products and pricing, general interest rate changes and the fiscal and monetary policies of the US Government, credit risk management, regulatory actions, and other risks and uncertainties.

                          BANK OF SACRAMENTO
                         FINANCIAL HIGHLIGHTS
                       (IN THOUSANDS)(UNAUDITED)

CONDENSED BALANCE SHEET
                                03/31/2000      03/31/1999  % CHANGE
ASSETS
 Cash and due from banks     $       2,816    $        910    209%
 Securities, at fair value          14,222          10,122     41%
 Federal funds sold                  7,505          22,355    -66%

 Net loans                          43,537          17,188    153%

 Premises and equipment,
  (net of depreciation)                775             983    -21%
Other assets                         2,258           1,874     20%
                             -------------     ------------  -----
TOTAL ASSETS                 $      71,113   $      53,432     33%

LIABILITIES AND SHAREHOLDERS' EQUITY
LIABILITIES
 Deposits
 Noninterest bearing         $       9,892   $       3,429    188%
 Interest bearing                   51,989          40,441     29%
                             -------------    -------------   ----
 Total Deposits                     61,881          43,870     41%
 Other borrowed funds                  250               -    N.A.
 Other liabilities                     179             134     34%
                             -------------    -------------   ----
TOTAL LIABILITIES                   62,310          44,004     42%

SHAREHOLDERS' EQUITY
 Common stock                       11,444          11,444      0%
 Retained earnings                  (2,641)         (2,016)   -31%
                                   -------         -------   ----
 TOTAL SHAREHOLDERS' EQUITY          8,803           9,428     -7%

TOTAL LIABILITIES
 & SHAREHOLDERS' EQUITY      $      71,113   $      53,432     33%


CONDENSED STATEMENT OF INCOME

                        Results of          Results of
                        operation           operation
                       Three Months        Three Months
                          Ending              Ending
                        03/31/2000          03/31/1999     % CHANGE

Net interest income        $  768             $   276           178%
Provision for possible
 loan losses                   38                  90           -58%
                     ------------      --------------      ---------
Net interest income
 after provision for
 possible loan losses         730                 186           292%

Noninterest income             16                  27           -42%
Noninterest expense           705                 625            13%
                     ------------      --------------      ---------

Income before taxes            41                (412)          110%
Income taxes                    1                   1             0%
                     ------------      --------------      ---------
NET INCOME (LOSS)     $        40         $     (413)           110%

Earnings per Share   $       0.04          $    (0.36)          110%