Pacific Crest Capital, Inc. Reports 16.6% Increase in Common Stock Cash Dividend for the Fourth Quarter

Business Wire, Oct 29, 1999

AGOURA HILLS, Calif.--(BUSINESS WIRE)--Oct. 29, 1999--

Pacific Crest Capital, Inc. (Nasdaq:PCCI) today reported that the Board of Directors has declared a seven cents ($.07) per common share cash dividend for the fourth quarter of 1999. The $.07 cash dividend is a 16.6% increase in the cash dividend over the prior quarter (previous cash dividend was $.06 per common share) and represents the second cash dividend increase in 1999, or a 40% increase in quarterly cash dividend payment per share during 1999. The dividend will be payable to shareholders of record as of the close of business December 1, 1999, and will be paid on December 15, 1999.

Gary Wehrle, Chairman of the Board and Chief Executive Officer, commented that "The Board approved the cash dividend in view of the company's excellent profitability and capital ratios, as well as the vompany's excellent asset quality."

Pacific Crest Capital is a financial institution holding company that offers specialized lending and deposit programs through its FDIC-insured California state chartered industrial bank, Pacific Crest Bank. For 25 years, Pacific Crest Bank has specialized in providing fast and flexible financing to California's small businesses, entrepreneurs and investors. Products offered include customized commercial real estate loans, loans guaranteed by the Small Business Administration, and specialized FDIC-insured savings programs.

Pacific Crest Bank has headquarters in Agoura Hills and operates three California deposit gathering branches and loan production offices throughout Southern California and originates loans outside of Southern California through brokers.

Previously released company press releases, reports filed with the Securities and Exchange Commission, and other information is on the company's Web page on the Internet at http://www.paccrest.com.