California United Bank Announces Regulatory Approval for New Branch Office in Santa Clarita Valley.

ENCINO, Calif. -- California United Bank (OTCBB: CUNB) today announced that it has received regulatory approval to establish a branch office in the Santa Clarita Valley at the corner of Tourney Road and Magic Mountain Parkway. This will be the third office of the Bank, which first opened for business in May 2005, and has branches in Encino and West Los Angeles. The Santa Clarita Valley Regional Office will offer commercial, real estate and construction lending, along with personal banking services. The Bank expects to open this office during the first half of 2007.

The full-service branch will be located on the ground floor of a new commercial office building, "Gateway Plaza," and will be adjacent to the 5 Freeway, a major north/south artery. The location will include an ATM machine and night depository services. The management team for the new office will be anchored by William Sloan, a Senior Vice President of the Bank. He and his family have been long-time residents of Santa Clarita and are actively involved in the community. Sloan is an experienced banker who has worked in the banking industry since 1983, most recently at Santa Monica Bank and its successor U.S. Bank. He joined California United Bank prior to its opening in May, 2005.

"The Santa Clarita area is a dynamic, burgeoning area encompassing both businesses and residences," commented David I. Rainer, President and Chief Executive Officer. "The City of Santa Clarita was recently named as one of the five finalists for the first ever "Most Business Friendly City" award by the Los Angeles County Economic Development Corporation. In addition, CNN Money Magazine ranked Santa Clarita the 18th best place to live in the nation for 2006. This new office reinforces the Bank's strategy to invest in areas with high growth potential."

"I look forward to providing CUB's personalized and responsive financial services to businesses and individuals in this great community, where I have lived most my life," said Sloan.

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 its West Los Angeles Regional Office at 1640 S. Sepulveda Boulevard, Suite 114, Los Angeles, CA 90025. Information on products and services may be obtained by calling 818-257-7700 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) the unknown economic impact of state budget issues, (2) changes in interest rates, (3) significant changes in banking laws or regulations, (4) increased competition in the Bank's markets, (5) other-than-expected credit losses due to real estate cycles or other economic events, (6) earthquake or other natural disasters affecting the condition of real estate collateral or the business environment, and (7) the impact of changes in regulatory, judicial, or legislative tax treatment of business transactions. Management cannot predict at this time the extent of the economic recovery, 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.