Court Orders Further Proceedings on Class Action Complaint Accusing Bank Plus of Stock Fraud.

Business Editors & Legal Writers

LOS ANGELES--(BUSINESS WIRE)--May 25, 2000

On May 3, 2000, the Honorable Victoria Gerrard Chaney, California Superior Court Judge for the County of Los Angeles, ordered further proceedings relating to class certification in connection with the class action lawsuit filed on behalf of those who purchased shares of Bank Plus Corp. ("BPLS") common stock between March 30, 1998 and Sept. 22, 1998.

The Complaint alleges that defendants issued false and misleading statements that materially misrepresented the financial condition and future prospects of BPLS's affinity credit card program. As a result of the false and misleading statements, the price of BPLS common stock was artificially inflated throughout the Class Period. On the last day of the Class Period, when defendants were finally forced to disclose the truth about BPLS's affinity credit card program, the price of BPLS common stock plummeted 25 percent on heavy trading.

If you have purchased Bank Plus securities between March 30, 1998 and Sept. 22, 1998, and wish to participate in the lawsuit, or have any questions concerning this notice, or your rights or interests with respect to this matter, contact plaintiff's counsel, Mark S. Levine of Weiss & Yourman toll-free at 1-800-437-7918, via e-mail at [e-mail], or on the Web site, www.wyca.com.