Bank of Santa Clarita Reports Third Quarter Results for 2006.

Bank reaches $104.0 million in assets during Third Quarter of 2006, a 90% increase over third quarter 2005.

SANTA CLARITA, Calif. -- Bank of Santa Clarita (OTCBB:BSCA) today announced financial results for the Third Quarter of 2006.

Bank of Santa Clarita today announced assets of $104.0 million at September 30, 2006. This was a 66% increase at September 30, 2006 as compared to December 31, 2005 and a 90% increase as compared to September 30, 2005. Total assets at December 31, 2005 were $62.6 million and $54.7 million at September 30, 2005.

During the third quarter 2006, the Bank generated $5.1 million in net new loans. Total net loans at September 30, 2006 increased to $75.0 million from $47.4 million at December 31, 2005 and $33.4 million at September 30, 2005.

The Bank reported that interest income was $1,487,000 in the third quarter of 2006, an increase of 160% or $915,000 over the $572,000 in the third quarter of 2005. Interest income for the nine months ended September 30, 2006 was $3,915,000, an increase of 234% or $2,744,000 over the $1,171,000 of interest income earned for the same period of 2005. This increased revenue trimmed the Bank's net loss for the third quarter to $136,000, an improvement from a net loss of $331,000 for the third quarter of 2005. The year-to-date net loss for 2006 was $374,000 compared to a net loss of $1,327,000 for the same period of 2005, an improvement of $953,000. The Bank of Santa Clarita will celebrate its second year of operations on October 26, 2006.

"We are excited with our continued growth in both loans and deposits," said James D. Hicken, President & Chief Executive Officer. "This performance has exceeded our expectations and is made possible through the tremendous support provided to us by the community that we serve. The Bank's recent announcement of a second branch (Valley Center Drive Office) to be located on the west side of Canyon Country reflects our ongoing commitment to meet the banking needs of the entire Santa Clarita Valley. As we execute our growth strategy through the expansion of a branch network, we will remain focused on building the infrastructure to ensure the continued delivery of high level customer service that our clients have become accustomed to receiving."

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
27433 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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