TotalBank Reports Earnings for 2004; Net Income Increase of 179% Over Previous Year.

MIAMI -- Miami-based TotalBank, an established South Florida community bank, today reported a record year-end net income of $9.2 million for 2004, up 179% from $3.3 million in 2003.

Financial highlights include:

--Total assets of $660.1 million, up 18% from December 31, 2003

--Total loans outstanding of $501.8 million, up 31% from December 31, 2003

--Total deposits of $408.9 million, up 17% from December 31, 2003

--Non-interest demand deposit of $175.2 million, up 25% from December 31, 2003

--Capital of $72.5 million, up 39% from December 31, 2003

TotalBank Chairman Adrienne Arsht stated: "TotalBank is commencing 2005 with positive momentum due to the strategic guidance from our board of directors. The board's experienced members, joined by our newest seven members, represent a diverse group of individuals with professional backgrounds in corporate and financial management, academics and public service. Their combined vision is reflected in our fiscal year-end numbers."

William Heffernan, President of TotalBank added: "Our 2004 results reflect the bank's presence which is building throughout the South Florida market. The strengthening of our board and the addition of experienced South Florida bankers has put a new face on TotalBank. We took a variety of proactive strategic actions during the year to gain operational efficiencies and drive profitability. The commercial loan department has had a strong focus on growing lines of business and strengthening new relationships. We are optimistic that our business strategies will continue to follow this trend as we implement the vision of our expanded board."

The new members of the board of directors for TotalBank are:

--Eduardo Arriola, executive vice president for INKTELDIRECT. Mr. Arriola is responsible for managing and developing the company's national sales team. Mr. Arriola serves on the TotalBank loan and insurance committees.

--Pablo L. Cejas, managing member of Aquarius Capital. Mr. Cejas oversees the firm's real estate and venture capital business activities. Mr. Cejas serves on the TotalBank loan, strategic planning and marketing committees.

--Sergio M. Gonzalez, Esq., vice president of the University of Miami's University Advancement department. Mr. Gonzalez oversees development, alumni affairs and government relations for the university. Mr. Gonzalez serves on the TotalBank audit committee.

--Jorge L. Lopez, Esq., partner at the law firm of Steel Hector & Davis LLP. Mr. Lopez specializes in government and regulatory law. Mr. Lopez serves on the TotalBank marketing and strategic planning committees.

--Jorge A. Plasencia, vice president of Univision Radio. Mr. Plasencia is responsible for corporate communications and marketing for Univision Radio. He is also the co-founder of Amigos for Kids. Mr. Plasencia serves on the TotalBank BSA (Bank Secrecy Act) committee and Marketing committees.

--Alexander Reus, J.D., LL.M., founder and president of Global Expansion Group (GEG). Mr. Reus is a board certified international lawyer. GEG is an international boutique-sized law firm and business consulting group specializing in mergers and acquisitions, business transactions, contracts, litigation consulting, real estate transactions and investment incentives. Mr. Reus serves on the TotalBank loan, CRA (Community Reinvestment Act), and Strategic Planning committees.

--Rhonda A. Vangates, Esq., legislative liaison, Miami-Dade County Public Schools, Office of the Superintendent - Dr. Rudolph Crew. In this position, Ms. Vangates maximizes her decade-plus public service experience in dealing with issues ranging from educational reform to environmental justice. Ms. Vangates serves on the TotalBank audit committee.

They join present TotalBank Board members Bruce Keller (since 1991), Raquel Matas (since 1996), Myer Feldman (since 1986), Alberto Manrara (since 2003), William Heffernan (since 1991) and Adrienne Arsht (since 1986).

TotalBank is committed to meeting the needs of the community it serves. The lending department has shown consistent growth due to its emphasis on attracting and retaining the best banking and financial talent in South Florida. In retail banking, TotalBank experienced significant growth in new checking accounts as a result of the Totally FREE Checking program. For more information on TotalBank's products, visit http://www.totalbank.com.

TotalBank is headquartered in Miami, Florida. Founded in 1974, it has served the South Florida community for 30 years; TotalBank has grown in size and strength by emphasizing excellence in professional banking, financial services, and a strong commitment to its customers. TotalBank has 12 locations serving individuals and owner-operated businesses. It is one of the largest locally-owned and operated banks in South Florida with over 250 employees and assets of $600 million.