Integrated Commercial, Real Estate and Private Banking – One Point of Contact
Dec 31, 2008

California Republic Bank sets new benchmark in community banking ending its first year of operations with $168.2 Million in total assets.

Press Release_4th Qtr 2008 – PDF version

California Republic Bank (CRPB) (OTCBB:CRPB) which opened for business on December 5, 2007, completed its first full year of operations with total assets of $168.2 million. “We are proud to have achieved these impressive results in our first year of operations, despite declining interest rates and a very difficult economic and credit environment,” said Jon Wilcox, President of California Republic Bank. He added, “While many banks struggled during 2008, California Republic Bank successfully executed its business plan, achieved higher than expected loan and deposit growth, and most importantly provided a safe environment for our customer’s deposits.”

The bank had total loan commitments of $108.6 million and reported $74.7 million of net loans outstanding at December 31, 2008 the bank has zero non-performing loans, zero past dues and zero charge-offs. Total deposits at year end were $119.1 million comprised of $24.0 million of non-interest bearing demand accounts and $95.1 million of core interest bearing deposits. The bank has no brokered or non-relationship based deposits. At year end, the bank reported a Tier I capital to risk-weighted assets ratio of 48.4%, which compares to a requirement of 6% to be considered “well capitalized” by the FDIC. “As other banks are shrinking their assets to preserve their capital ratios, we continue to prudently build market share” said Mr. Wilcox.

Commenting on the financial strength of the bank John DeCero, Vice Chairman of the Board stated, “The bank is very disciplined and continues to manage its balance sheet for safety and soundness in this environment, maintaining a very strong liquidity position with 54% of its assets in cash and liquid short term investments. Because of the strength of our balance sheet, the bank is proud that it did not need, nor request, TARP or any other related bailout funds from the US Treasury.”

The bank also reported that it accomplished many non-financial goals during its first year of operations. “In 2008, we built a solid foundation for our future, putting in place many initiatives that should pay dividends for years to come.” commented Mr. DeCero. Mr. DeCero continued “In November we opened our 2nd full service office in Beverly Hills creating better visibility and adding additional dedicated professionals to better serve our customer base. In addition, we brought in two highly qualified CEO’s as new bank board members, and implemented new systems and technology which puts us on an equal playing field with the multi-branch regional and national banks. In fact, in 2008 we successfully competed against two of the largest banks in the country to win major cash management relationships of nationally recognized businesses.” Mr. Wilcox concluded, “In short, we will continue to position the bank to be there when our customers need us the most, which will promote long term growth and prosperity for our customers, shareholders and employees.”

About California Republic Bank:

California Republic Bank is a premier full service commercial bank. The bank offers direct access to executive management and individualized service delivered through highly qualified Relationship Managers and “state of the art” technology. The bank’s clients enjoy the service of a private bank, with the expertise and knowledge of a commercial and real estate bank, providing unmatched responsiveness, capacity and understanding of each client’s needs.

For more information, contact the Jon Wilcox, President or John DeCero, Vice Chairman at 949-270-9700 in Orange County or 424-230-5400 in Los Angeles. Please also visit our website at The bank’s headquarters is located at 1400 Newport Center Drive, Suite 150, Newport Beach, California. The bank’s West Los Angeles branch is located at 100 North Crescent Drive, Suite 125, Beverly Hills, Ca, 90210

The bank’s board of directors is comprised of inside directors Jon Wilcox, Acting CEO and President; John DeCero, Vice Chairman of the Board; Outside board members include Robert Barth, Chairman of the Board; Patrick Allen, former Chief Financial Officer and Head of Equities of Hambrecht & Quist; John Bendheim, President of Bendheim Homes and Bendheim Enterprises, Inc.; Alexander Cappello, Chairman and CEO of Cappello Capital Group; John Hagestad, a Managing Partner of SARES-REGIS Group; J. Scott Watt, President/CEO of the Watt Group of Companies; Bob Din, CEO of En Pointe Technologies, Inc.; and Marc Brutten, Entrepreneur and CEO of Westcore Management in San Diego, California.

Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are subject to the safe harbors created by the act. These forward-looking statements refer to the Company’s current expectations regarding future operating results, and growth in loans, deposits, and assets. These forward-looking statements are subject to certain risks and uncertainties that could cause the actual results, performance, or achievements to differ materially from those expressed, suggested, or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to (1) the impact of changes in interest rates, a decline in economic conditions, and increased competition by financial service providers on the Company’s results of operation; (2) the Company’s ability to continue its internal growth rate; (3) the Company’s ability to build net interest spread; (4) the quality of the Company’s earning assets; and (5) governmental regulations

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