Seacoast Commerce Bank is Top SBA Lender in San Diego 2nd Year in a Row

Business Wire, Oct 21, 2008

CHULA VISTA, Calif. -- Seacoast Commerce Bank (OTCBB:SCCB) today announced that its SBA Department was ranked #1 in SBA 7(a) loan production in the San Diego District Office of the U.S. Small Business Administration for the fiscal year ended September 30, 2008, for the 2nd year in a row. In addition, the Bank ranked 2nd in loans to Women-Owned businesses and 2nd in loans to Minority-Owned businesses in the San Diego District. Nationally, Seacoast was in the top 10% of all bank SBA lenders nationwide.

"It's exciting to have achieved such success in such a short period of time, and for two consecutive years," commented Rick Sanborn, Seacoast's Chief Executive Officer. "SBA loans are a critical funding source for businesses in our community, and to be recognized as the top SBA Bank for lending more than any other locally-owned and headquartered bank in the San Diego District Office is very exciting."

As per the U.S. Small Business Administration, the SBA was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. We recognize that small business is critical to our economic recovery and strength, to building America's future, and to helping the United States compete in today's global marketplace. The SBA helps Americans start, build and grow businesses.

"We are here to assist with the needs of the local business community as per the original mission of the SBA, and as a Preferred Lender, we can provide that assistance quickly," stated Robert DeVries, Vice President of SBA Lending.

Seacoast Commerce Bank was founded in June of 2003 and operates out of its Main Office in Chula Vista. For more information on the bank please visit our website at www.sccombank.com or contact Richard M. Sanborn, President and Chief Executive Officer at 619-409-5762.

Certain statements in this press 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 by such "forward-looking" statements. These risks and uncertainties include, but are not limited to, risks related to the local and national economy, the Bank's performance and regulatory matters.