Bank of Santa Clarita Reports Results for Third Quarter 2007.

Bank Achieves Third Quarter Profitability and Reaches $142.4 Million in Assets at September 30, 2007

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

Bank of Santa Clarita today announced total assets of $142.4 million at September 30, 2007. This was a 31.2% increase at September 30, 2007 as compared to December 31, 2006. Total assets at December 31, 2006 were $108.6 million.

Total net loans at September 30, 2007 increased to $118.1 million from $86.3 million at December 31, 2006, an increase of 36.8%. For the quarter ended September 30, 2007, the Bank generated $7.1 million in net new loans. Deposits at September 30, 2007 were $121.8 million compared to $88.0 million at December 31, 2006, an increase of 38.4%.

The Bank reported that interest income was $2.3 million for the quarter ended September 30, 2007 as compared to the $2.0 million interest income reported for the quarter ended June 30, 2007. This was an increase of 15.0%. The Bank posted a net profit of $7,000 for the quarter ended September 30, 2007 compared to a net loss of $202,000 for the quarter ended June 30, 2007.

The Bank reported that interest income increased 53.9% and was $6.0 million for the first nine months of 2007 as compared to the $3.9 million interest income reported for the same period of 2006. The Bank's net loss for the year to date ending September 30, 2007 was $404,000 compared to a net loss of $374,000 for the same period 2006. The net loss for the year reflected additional staff members hired during the second half of 2006 to support the continued growth of the Bank and the costs of opening and operating the Valley Center Drive Office which opened in February of 2007.

"This quarter is a very important milestone in the Bank's history," said James D. Hicken, President and Chief Executive Officer. "We are not only celebrating the completion of our third year in operation on October 26, 2007, but we are very pleased with our achievement of profitability on a quarterly basis despite a challenging economic environment. The Bank is tracking to budget and we look forward to continued improvement in performance."

Bank of Santa Clarita is a commercial Bank serving the needs of small to mid-sized businesses, professionals, entrepreneurs and consumers. 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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