Bank of Napa Continues Trend of Strong Growth

Bank of Napa had total assets of $78.5 million at September 30, 2009, representing a $17.7 million or 29.2% increase over the same period last year.

President and Chief Executive Officer Tom LeMasters stated, “Despite the challenging economy, we were able to improve our share of the Napa County deposit market, grow our loan portfolio, and increase our reserve for potential loan losses. Additionally, we celebrated both our third anniversary, and the successful completion of the bank’s annual safety and soundness examination by our federal regulators which affirmed our strong balance sheet and sound credit quality.”

At September 30, 2009, the bank had equity capital of $16.5 million, and all capital ratios were in excess of the regulatory definition for “well capitalized” distinction.

Bank of Napa, N.A. is located at the corner of Redwood Road and Solano Avenue at 2007 Redwood Road, Suite 101 in the Redwood Plaza near Vallerga’s Market in Napa, CA.

Information contained herein may contain certain forward-looking statements that are based on management’s current expectations regarding economic, legislative, and regulatory issues that may impact the Bank’s earnings in future periods. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “intend,” “estimate” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could” or “may.” Factors that could cause future results to vary materially from current management expectations include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, real estate values, and competition; changes in accounting principles, policies or guidelines; changes in legislation or regulation; and other economic, competitive, governmental, regulatory and technological factors affecting the Bank’s operations, pricing, products and services. The Bank undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.

Bank of Napa, N.A.
M. T. LeMasters, President & CEO, 707-257-7777