Community Valley Bank Announces Issuance of Bank Charter from State of California Department of Financial Institutions and Certificate of Insurance of Accounts from Federal Deposit Insurance Corporation

Business Wire, Oct 2, 2007

EL CENTRO, Calif. -- Community Valley Bank received its formal Bank Charter to open from the State of California Department of Financial Institutions last week. This in combination with receiving approval from the Federal Deposit Insurance Corporation (FDIC) clears the way for Community Valley Bank to open for business.

Bob Hahn, Chief Executive Officer, shares his excitement. "Over the past two years, a team of business and community leaders have been working to create what is now the Valley's ONLY locally owned and locally headquartered community bank. This provides unparalleled access for our community to receive financial services to propel their businesses, families and quite frankly, their dreams."

Tom Topuzes, Chairman of the Board, stated, "In May of this year, we went into the community seeking a total of $12 million as our initial public offering to fund the start of Community Valley Bank. By the time we closed the offering, we were oversubscribed, in that we raised in excess of $13.5 million."

In the coming weeks, Community Valley Bank will officially open its doors to their first location at the corner of South Imperial Avenue and West State Street in El Centro, CA. Community Valley Bank officials also state that in the coming weeks, an announcement will be made regarding a new branch to be opened in Brawley, CA.

About Community Valley Bank: Upon opening in early October, 2007 will be the Imperial Valley's only locally owned and headquartered community bank serving the businesses, families and dreams of the entire region.

For More Information Regarding Community Valley Bank please contact Robert "Bob" Hahn at (760) 352-1889. Our website is www.yourcvb.com.

Note: Certain statements in this release, including statements regarding the anticipated development and expansion of the Bank's business, and the intent, belief or current expectations of the Bank, its directors or its officers, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied.