VIB Corp to Present At Keefe, Bruyette, & Woods Community Bank Investor Conference.

Business Editors

VANCOUVER, Wash.--(BUSINESS WIRE)--July 23, 2001

VIB Corp (Nasdaq:VIBC) today announced that its management will make a presentation at the Keefe, Bruyette, & Woods, Inc. Community Bank Investor Conference in New York City July 25-26.

Dennis Kern, President and CEO of VIB Corp, and Harry Gooding, EVP and CFO, will review the bank's performance history and discuss the bank's strategy for continued growth.

Keefe, Bruyette, & Woods, Inc., a full service investment bank that specializes in the financial services sector, will be hosting its second annual Community Bank Investor Conference on Wednesday, July 25, and Thursday, July 26, 2001, at the Metropolitan Club in Manhattan. The conference will allow presenting companies to provide attendees with June quarter results and an updated review on strategic plan progress, especially in light of the Federal Reserve's easing of interest rates, the slowing economy, refinancing activity and merger and acquisition activity.

VIB Corp is scheduled to present on Wednesday at 3:00 p.m. EDT, and an audio-only webcast will be available. To listen to the presentation on the web go to www.kbw.com. For those unable to attend or listen to the presentation live, a recording will be available shortly after the conference for one week at the same site, www.kbw.com.

On July 18, 2001, VIB Corp reported net income for the second quarter ended June 30, 2001 was up 16% to $2.3 million, or $0.18 per diluted share, compared to $2.0 million, or $0.16 per diluted share, for the like quarter of 2000. Total assets reached $1.1 billion at June 30, 2001, while net loans grew 8% to $820.9 million and deposits were up 3% to $895.4 million. Book value was $6.04 per share at June 30, 2001.

VIB Corp (www.vibcorp.com) is a bank holding company providing financial services in California, Nevada and Arizona. VIB Corp, through its subsidiary Valley Independent Bank, serves the needs of customers and communities through its commitment to local identity and decision-making, and personalized customer service. VIB Corp strives to achieve enhanced shareholder value through strong financial performance, increased market share, effective customer service and operating efficiencies. VIB Corp supports its subsidiary by fostering capital adequacy, strategic management, financial community relations, marketing and sound management practices. Valley Independent Bank is headquartered in El Centro, CA and has 17 branches in Imperial, Riverside and San Diego counties, Fresno, CA and Las Vegas, NV, as well as business loan centers in California and Nevada. It also operates three branches doing business as Bank of Stockdale in Bakersfield, CA and five branches doing business as Kings River State Bank in Reedley, Dinuba, Hanford, Visalia and Selma, CA.

Keefe, Bruyette & Woods, Inc (KBW) is an institutionally oriented securities broker/dealer and full service investment bank that specializes in the financial services sector. Founded in 1962 and 100% employee-owned, KBW has long been recognized as a banking industry authority and, in recent years, has expanded its focus to include insurance companies, broker/dealers, mortgage banks, asset management companies, and specialty finance firms.