Bank of Santa Clarita Reports Results for First Quarter 2007.

Bank Reaches $118.4 Million in Assets at March 31, 2007

SANTA CLARITA, Calif. -- Bank of Santa Clarita (OTCBB:BSCA) today announced financial results for the first quarter 2007.

Bank of Santa Clarita today announced assets of $118.4 million at March 31, 2007. This was a 9.1% increase at March 31, 2007 as compared to December 31, 2006. Total assets at December 31, 2006 were $108.6 million.

For the quarter ended March 31, 2007, the Bank generated $10.5 million in net new loans. Total net loans at March 31, 2007 increased to $96.8 million from $86.3 million at December 31, 2006, an increase of 12.2%. Deposits at March 31, 2007 were $98.1 million compared to $88.0 million at December 31, 2006, an increase of 11.4%.

The Bank reported that interest income increased 72.1% and was $1.8 million for the quarter ended March 31, 2007 as compared to the $1.0 million interest income reported for the quarter ended March 31, 2006. The Bank's net loss for the quarter ended March 31, 2007 was $210,000 compared to a net loss of $134,000 for the quarter ended March 31, 2006. The Bank opened its Valley Center Drive Branch in Canyon Country in February, 2007. The net loss for the quarter reflected the costs of opening the branch.

"We continue to be pleased with both the growth and development of the bank as reflected through our first quarter results," said James D. Hicken, President and Chief Executive Officer. "While we reported a loss for the quarter, it was well within our expectations and takes into account the start up expenses of our new branch located in Canyon Country, California."

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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