Commonwealth Business Bank Intends to Enter into a Stock Purchase Agreement with Hana Financial Group, Inc. (HFG), Seoul, Korea.

LOS ANGELES -- Commonwealth Business Bank (OTCBB:CWBB), Los Angeles, California, intends to enter into a stock purchase agreement with Hana Financial Group, Inc. (HFG), Seoul, Korea, pursuant to which HFG will purchase such number of newly issued shares of CWBB common stock that will represent 37.5% of the outstanding shares of CWBB immediately following the closing of the transaction. HFG will pay $21.50 per share, subject to adjustment. The proposed transaction will be subject to receipt of all necessary regulatory approvals.

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (PSLRA), including statements about the anticipated consummation of the proposed stock purchase transaction. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected including the parties not entering into the proposed stock purchase agreement and regulatory approval for the proposed transaction. Readers should not place undue reliance on the forward-looking statements, which reflect management's view only as of the date hereof. CWBB undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. This statement is included for the express purpose of protecting CWBB under PSLRA's safe harbor provisions.