SJNB Financial Corp. Announces $0.14 Quarterly Cash Dividend

Business Wire, July 22, 1998

SAN JOSE, Calif.--(BUSINESS WIRE)--July 22, 1998--SJNB Financial Corp., (NASDAQ:SJNB) announced today that its Board of Directors has declared a 14 cent per share cash dividend payment to shareholders.

The dividend is payable on Sept. 7, 1998 to shareholders of record as of Aug. 17, 1998. This dividend declaration follows payment of a 14 cent per share cash dividend on March 2, 1998 and a 14 cent per share cash dividend on June 1, 1998. It represents a 24% increase in annualized dividend payments over those made in the comparable period during the previous year.

"SJNB Financial Corp. recently announced its twenty-seventh consecutive quarter of increased earnings," stated James R. Kenny, President and Chief Executive Officer. "We are pleased to share the success of the Company in the form of cash dividends to shareholders."

SJNB Financial Corp. is the parent company of San Jose National Bank. SJNB provides banking services to businesses and professionals requiring commercial and SBA loans, real estate construction loans, and accounts receivable financing and factoring services. SJNB also offers customized deposit products and services, including on-line banking systems, deposit couriers and home owners association banking services.

In addition to historical information, this release contains forward-looking statements which are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in such forward looking statements. Factors that might cause such a difference include, but are not limited to, interest rate risks, asset quality and general economic conditions. The Company undertakes no obligation to revise or publicly release the results of any revision to these forward looking statements. Readers should carefully review the risk factors described in other documents the Company files from time to time with the Securities and Exchange Commission, including the Annual Report of Form 10-K for the fiscal year ended December 31, 1997 and the Quarterly Reports on Form 10-Q filed by the Company in fiscal 1998.

    CONTACT: SJNB Financial Corp.
              James R. Kenny or Eugene E. Blakeslee, 408/947-7562