Bank of Santa Clarita Reports Results for 2006.

Bank Reaches $108.6 Million in Assets at Year End 2006

SANTA CLARITA, Calif. -- Bank of Santa Clarita (OTCBB:BSCA) today announced financial results for the year ended December 31, 2006.

Bank of Santa Clarita today announced assets of $108.6 million at December 31, 2006. This was a 73% increase at December 31, 2006 as compared to December 31, 2005. Total assets at December 31, 2005 were $62.6 million.

For the year ended December 31, 2006, the Bank generated $38.9 million in net new loans. Total net loans at December 31, 2006 increased to $86.3 million from $47.4 million at December 31, 2005, an increase of 82%. Deposits at December 31, 2006 were $88.0 million compared to $42.4 million at December 31, 2005, an increase of 108%.

The Bank reported that interest income was $5.6 million for the year ended December 31, 2006. This was an increase of $3.6 million or 176% over the $2.0 million interest income reported for the year ended December 31, 2005. This increased revenue trimmed the Bank's net loss for the year ended December 31, 2006 to $592,000, an improvement of $1,048,000 or 64% from a net loss of $1,640,000 for the year ended December 31, 2005.

"We are very pleased to report our progress to date which includes both double and triple-digit growth in loans and deposits respectively," said James D. Hicken, President and Chief Executive Officer. "While we reported a loss for the year, it represented a significant improvement from the previous year and well within our expectations. Our performance was impacted in part by three factors: a provision for loan losses of $491,500 which correlates to the Bank's strong loan growth; our first year of recording a stock option expense of $216,616; and the substantial investment made in people and infrastructure by adding to our staff, which now numbers 30 as compared to 19 at year-end 2005."

Bank of Santa Clarita is a premier, independent full service Bank that serves the needs of small to mid-sized businesses, professionals, entrepreneurs and high net worth individuals. Bank of Santa Clarita provides local, experienced decision-making and personalized service that growing businesses need on a daily basis. Clients have direct access to executive management and professional staff, coupled with technology-based services that include, but are not limited to online bill-paying, check imaging and online wire transfers which enable businesses to efficiently manage their cash and credit needs.

            Bank of Santa Clarita Corporate Headquarters
            27443 Tourney Road, Suite 150
            Santa Clarita, California 91355
            661-362-6004
            www.bankofsantaclarita.com

Certain statements in this letter, 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.

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