California United Bank Announces Hiring of Bart Aikman in Preparation for Opening of Santa Clarita Valley Regional Office.

ENCINO, Calif. -- California United Bank (OTCBB: CUNB) today announced that it has hired Bart Aikman as a Vice President/Relationship Manager. Mr. Aikman will be part of the California United Bank team which will be based in the planned Santa Clarita Valley Regional Office, which the Bank expects to open in early 2007.

"We are pleased to have Bart join us, as he brings with him substantial banking experience and a deep commitment to the Santa Clarita Valley in which he has lived for 18 years," commented David Rainer, Chief Executive Officer. "He will augment our Santa Clarita team, which will be led by Senior Vice President/Relationship Manager William Sloan, another long-time Santa Clarita resident."

Mr. Aikman is a veteran of 30 years of business banking, much of it based in the Santa Clarita Valley. He was most recently the Regional Manager of Preferred Bank in Valencia. He has been very active with local civic organizations, having held positions as Chairman of the Board of the Santa Clarita Family YMCA, Vice-Chairman of the American Red Cross of Santa Clarita and an Advisory Committee Member of the Castaic Lake Water Agency. He has also been a Member of the City of Santa Clarita Transportation Committee and is a current Board Member of Rotary International of Santa Clarita.

Mr. Aikman is a graduate of Loyola University of Los Angeles, where he received both B.A. and MBA degrees.

California United Bank provides a full range of financial services, including credit and deposit products, cash management, and internet banking for business and high net worth individuals from its headquarters office at 15821 Ventura Boulevard, Suite 100, Encino, CA 91436 and West Los Angeles Regional Office at 1640 South Sepulveda Boulevard, Suite 114, Los Angeles, CA 90025. Information on products and services may be obtained by calling [phone] or visiting the Bank's website at www.californiaunitedbank.com.

{NOTE}:

This news release contains forward-looking statements about the Bank for which the Bank claims the protection of the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.

Forward-looking statements are based on management's knowledge and belief as of today and include information concerning the Bank's possible or assumed future financial condition, and its results of operations, business and earnings outlook. These forward-looking statements are subject to risks and uncertainties. A number of factors, some of which are beyond the Bank's ability to control or predict, could cause future results to differ materially from those contemplated by such forward-looking statements. These factors include (1) changes in interest rates, (2) significant changes in banking laws or regulations, (3) increased competition in the Bank's markets, (4) other-than-expected credit losses due to real estate cycles or other economic events, (5) earthquake or other natural disasters affecting the condition of real estate collateral or the business environment, and (6) the impact of changes in regulatory, judicial, or legislative tax treatment of business transactions. Management cannot predict at this time the direction of the economy, and a slowing or reversal could adversely affect our performance in a number of ways including decreased demand for our products and services and increased credit losses. Likewise, changes in deposit interest rates, among other things, could slow the rate of growth or put pressure on current deposit levels. Forward-looking statements speak only as of the date they are made, and the Bank does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the statements are made.