CABB California Business Bank (CE)

California Business Bank (OTCBB:CABB) announced today its first quarterly profit in the amount of $45,460 for the quarter ending March 31, 2007. This milestone was successfully achieved through the continued growth of our core business. During the first quarter, total assets increased 10.81% or $9.2 million to $94.3 million. Both loans and deposits growth remain brisk. Gross loans rose $10.7 million or 20% to $64.2 million. Total deposits increased $8.9 million or 13.1% to $77.2 million over December 31, 2006 results. Mr. Wood, President and Chief Executive Officer, stated, �We are particularly pleased by our strong loan and deposit growth. Furthermore, our asset quality remains very good as we have not experienced any problem loans or losses. Moreover, our Deposit Express� (Remote Deposit Capture product) continues to grow and expands deposit delivery channel to support loans growth. "The Bank will continue to focus on organic growth mainly in the core commercial and industrial loan areas. We are committed to developing long-term business loan and deposit relationships. The bank is in the process of opening a loan production office situated in the Inland Empire to further expand our growth in business lending.� California Business Bank offers a wide range of financial services to individuals, small and medium size businesses in Los Angeles and the surrounding communities in Southern California. Our commitment is to deliver the highest quality financial services and products to our customers. Forward Looking Statements Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are subject to the safe harbors created by the act. These forward-looking statements refer to the Company�s current expectations regarding future operating results, and growth in loans, deposits, and assets. These forward-looking statements are subject to certain risks and uncertainties that could cause the actual results, performance, or achievements to differ materially from those expressed, suggested, or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to (1) the impact of changes in interest rates, a decline in economic conditions, and increased competition by financial service providers on the Company�s results of operation, (2) the Company�s ability to continue its internal growth rate, (3) the Company�s ability to build net interest spread, (4) the quality of the Company�s earning assets, and (5) governmental regulations.