Business Bank of California Reports First Quarter Earnings.

SAN BERNARDINO, Calif.--(BUSINESS WIRE)--April 30, 1999--

Business Bank of California's (OTC BB:BBNK) Alan J. Lane, president/chief executive officer, Friday reported that Business Bank of California continues its steady growth trend into 1999.

Net income of $455,000, or $0.29 per share, was reported for the quarter ending March 31, 1999. Income exceeded budget projections for the quarter, and represented a slight increase over net income for the same quarter in 1998.

Deposits increased to $168,493,000, a 12% increase over 1998 first quarter deposits of $150,584,000, and loans increased 5% to $103,488,000, up from $98,429,000 at the end of the 1998 first quarter. Total assets reached $187,546,000, a 12% increase over assets of $167,350,000, reported as of March 31, 1998.

"The increase in the Bank's net income is significant given the Bank's investment, late last year, as a 49% partner in Financial Data Solutions Inc. (FDSI), an item processing technology firm," commented Lane. "While the start-up costs of FDSI will depress earnings early this year, projections reflect strong earnings potential for the company. There is a tremendous future in the field of financial technology."

The growth in total assets, loans and deposits, is consistent with growth projections, according to Lane. "The Bank continues to explore geographic expansion in the Inland Empire through additional acquisitions, or by expanding the existing branch system through the opening of single, strategic locations," Lane added.

Business Bank of California has served the Inland Empire since 1984 and operates branches in the cities of San Bernardino, Corona, Redlands, Hesperia and Phelan. The Bank is strongly focused on providing high quality, personalized services to small businesses, professionals and consumers. Visit Business Bank of California on the Internet at www.businessbank.com.

                      Business Bank of California
                         Financial Highlights
                              (unaudited)

                                        03/31/99       03/31/98

1st quarter net income               $    455,000    $    453,000
Net income year to date              $    455,000    $    453,000
Total assets                         $187,546,000    $167,350,000
Total deposits                       $168,493,000    $150,584,000
Total loans                          $103,488,000    $ 98,429,000
Total capital                        $ 17,585,000    $ 15,515,000
Loan loss reserve                    $  1,353,000    $  1,729,000

Non-performing loans                 $  1,193,000    $  1,356,000
Other real estate owned              $    962,000    $  1,298,000
Total non-performing assets          $  2,155,000    $  2,654,000
Non Perf assets/total assets                  1.1%            1.6%

Tier 1 leverage ratio (est.)                 8.30%           8.20%
Regulatory minimum                           4.00%           4.00%

YTD earnings per share:
Basic                                $       0.29    $       0.29
Diluted                              $       0.28    $       0.28

YTD shares outstanding:
Basic                                   1,562,091       1,538,294
Diluted                                 1,629,819       1,627,348