Mission Oaks Declares First Dividend

Friday December 29, 6:23 pm ET

TEMECULA, Calif.--(BUSINESS WIRE)--The board of directors of Mission Oaks Bancorp, parent of Mission Oaks National Bank, declared its first ever dividend.

Shareholders in the Temecula-based community bank as of January 15, 2007 will be paid a 5 percent stock dividend on January 31, 2007.

After the payout date, Mission Oaks Bancorp shareholders will receive five additional shares for each 100 shares they already own.

"After celebrating our sixth anniversary, we are pleased to recognize the ongoing profitability of the bank subsidiary, Mission Oaks National Bank," said Gary Votapka, president and chief executive of Mission Oaks Bancorp.

Mission Oaks National Bank is a federally chartered community bank with assets of more than $175 million that is committed to serving consumers and businesses in Southern California. The bank offers personalized services and products through three full-service branch offices in Temecula and Ontario and loan production offices in San Diego and Phoenix.

Mission Oaks Bancorp common stock is traded over the counter under the stock symbol MOKB.OB.

Safe Harbor

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, regulatory matters and those discussed in filings by the Bank with the Office of the Comptroller of the Currency.

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