Release Date: November 19, 2007

Mission Oaks Insures Deposits Up to $50 Million

TEMECULA, Calif. – Mission Oaks Bank has joined the Certificate of Deposit Account Registry Service (CDARs) allowing it to safeguard customer accounts with up to $50 million in federal deposit insurance.

Individuals, corporations, small businesses and nonprofits now can confidently deal with a single financial institution, receive one monthly statement and one 1099.

Mission Oaks is among only a handful of banks operating in Inland Southern California offering its customers this unique service that streamlines what had been a cumbersome and time-consuming process.

"CDARs is a valuable tool for managing cash reserves," explains Gary Votapka, Mission Oaks president and chief executive. "By providing access to $50 million in Federal Deposit Insurance Corporation insurance through a single bank, Mission Oaks is making life easier for hundreds of nonprofits and companies that operate in Inland Southern California and Northern San Diego County."

Typically, customers seeking FDIC insurance coverage on accounts with more than $100,000 must open accounts with multiple banks or share account ownership. But through CDARS, Mission Oaks places large deposits in competitive rate CDs from multiple institutions, making them eligible for full FDIC coverage beyond the existing $100,000 limit and creating risk-free investments for the consumer.

"It's a win-win for both the customers and the banks," said Linda Kissam, president of Kissam Consulting, a Murrieta based nonprofit training company, and executive director of the Fallbrook Area Visitors Bureau, one of nearly 180 non-profits that operates in Fallbrook. "This program safeguards deposits and reduces the administrative burdens for a non-profit."

Mission Oaks National Bank is a wholly owned subsidiary of Mission Oaks Bancorp, a one-bank holding company. It is a federally chartered bank with assets of more than $200 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.

For more on Mission Oaks National Bank visit its Web site at missionoaksbank.com.

Release Date: September 6, 2007

Mission Oaks Reaffirms Role as Leading Community Bank

TEMECULA, Calif.--(BUSINESS WIRE)--Mission Oaks National Bank has joined a select group of banks in California that received top marks from regulators for meeting the credit needs of the community it serves.

The Office of Comptroller of the Currency, which regulates national banks, gave Mission Oaks an "outstanding" rating after its most recent Community Reinvestment Act exam.

Among other things, the top grade means Mission Oaks is doing an outstanding job of meeting the credit needs of the community, including low and moderate-level income customers. It also measures how well it redistributes deposits back into the community in the form of loans.

Fewer than one in five banks get this rating and Mission Oaks is one of only three banks from Inland Southern California to achieve this rating in the past 3-1/2 years.

"This ’outstanding’ rating is further validation from yet another independent source that Mission Oaks is an outstanding community bank in all respects," said Gary Votapka, Mission Oaks president and chief executive. "We have received a number of different accolades over the years but recognition for doing an outstanding job of helping our community is particularly sweet."

The Community Reinvestment Act (CRA) requires federal regulators assess how well each financial institution meets the credit needs of all segments of the community. After an exam, institutions are given a rating of outstanding, satisfactory, needs to improve, or substantial noncompliance.

Mission Oaks’ contributions to the community go far beyond regulator ratings and the bank doors. Each year its employees volunteer and serve on countless community and social organizations and the bank donates thousands of dollars to support community-based organizations and non-profits ranging from chambers of commerce to little league teams.

"We are truly the local hometown bank," said Keith Johnson, executive vice president. "Mission Oaks National Bank understands the unique needs of this community we call home, after all - it’s our home, too."

Mission Oaks National Bank is a wholly owned subsidiary of Mission Oaks Bancorp, a one-bank holding company. It is a federally chartered bank with assets of more than $200 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.

For more on Mission Oaks National Bank visit its Web site at missionoaksbank.com.

Release Date: August 21, 2007

Mission Oaks Among Top Performing Community Banks

TEMECULA, Calif.--(BUSINESS WIRE)--Mission Oaks Bancorp, parent of Mission Oaks National Bank, was among the nation’s best performing community banks over the last three years, according to a survey conducted by U.S. Banker, a leading banking industry magazine.

The Temecula-based community bank scored well according to an important measuring stick that financial institutions use to gauge performance. Among the top 200 community banks in the nation with assets of less than $1 billion, Mission Oaks ranked 58th with an average return on equity, or ROE, of 15.79 percent over the past three years. ROE compares profits and capital.

Mission Oaks was one of only 32 California banks that made it on U.S. Banker's top performing list. Among California banks with assets of less than $1 billion, Mission Oaks was ranked the 14th most successful institution. Mission Oaks also was the third best-run community bank in the Inland Empire.

“This is a remarkable achievement when you consider that the time covered was our fourth through sixth years of operations,” said Gary Votapka, Mission Oaks president and chief executive. “During that period we were building up the bank, opening offices and adding products and services.”

Mission Oaks also scored well in other important bank-performance gauges. Mission Oaks had a profit margin of 36.26 percent and an efficiency ratio of 58.90, which means that it spent 58.9 cents to generate $1 of revenue.

For more on Mission Oaks National Bank visit its Web site at missionoaksbank.com.

Release Date: May 14, 2007

Mission Oaks Bank Announces Promotions and Hirings

TEMECULA – Mission Oaks National Bank announced a series of promotions and hirings to enhance customer service in its Temecula headquarters office and Ontario Business center.

Bonnie Carreon, with more than 8 years experience in information technology, joins Mission Oaks as assistant vice president/information technology manager in the bank’s main office in Temecula. Most recently she was information systems manager for Biomed Realty Trust of San Diego. Carreon also was IS network supervisor for Community National Bank in Escondido. A Murrieta resident, she holds a masters degree in information systems from the University of Phoenix.

Elizabeth Cohen was hired as commercial loan officer in the bank’s Ontario Business Center. Most recently, she was executive loan officer at Vineyard Bank. A Rancho Cucamonga resident, she attended Cal Poly Pomona.

Michael Santanello has joined the bank as financial services representative in the main branch in Temecula. Previously the Wildomar resident held positions with Kforce and Wells Fargo Bank.

Also, Vicki MacLeod was promoted to assistant vice president and construction loan officer in the bank’s main branch in Temecula. The Murrieta resident joined Mission Oaks in 2001.

Jeanine Magana was promoted to customer service manager in the Ontario Business Center. The Moreno Valley resident joined the bank a year ago.

Mission Oaks National Bank is a wholly owned subsidiary of Mission Oaks Bancorp, a one-bank holding company. It is a federally chartered bank with assets of more than $190 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.

For more on Mission Oaks National Bank visit its Web site at missionoaksbank.com.

Release Date: April 8, 2007

Mission Oaks Bancorp Reports Strong Loan, Asset Growth; Named Top Performing Bank 4th Year in a Row

TEMECULA, Calif., -- Mission Oaks Bancorp (OTC BB: MOKB.OB - News), whose principal subsidiary is Temecula-based Mission Oaks National Bank, said it earned $427,000, or 10 cents a share, in the first three months of 2007.

That compares with $788,000, or 19 cents a share, posted in the first three months of 2006. Per share amounts were adjusted to account for a 5 percent stock dividend in January 2007.

Year-ago results were positively affected by the sale of $4 million in Small Business Administration and SBA-related loans that resulted a one-time contribution of $587,000 to non-interest income. 2007 results included only $16,000 in gain-on-sale of loan income.

At the end of the first quarter of 2007, Mission Oaks had $150.2 million in loans, up 67.8 percent from $89.5 million a year ago. Loans in the first quarter alone increased $17 million from the end of 2006.

Because of the dramatic loan growth in the first quarter of 2007, Mission Oaks set aside $152,000 in loan loss reserves, $80,000 more than it did year ago. Mission Oaks must set aside such reserves for each loan it books.

"The profit numbers at first glance don’t tell the whole story," said Gary Votapka, Mission Oaks Bancorp president and chief executive. " Adjusting for the effects of these extraordinary events, we would have year-on-year improvement.

"That kind of loan growth portends well for future interest income but it requires up-front reserves for loan losses," Votapka said.

Deposits at the end of the first quarter 2007 reached $145.6 million, up $23.7 million, or 19.5 percent, from the same period a year ago.

Assets as of March 31, 2007 reached $193.2 million, up $49 million, or 34 percent, from the same period a year ago.

In the quarter, net interest income reached $2.3 million, up from $1.9 million a year earlier.

For the fourth year in a row, Mission Oaks was named a Super Premier Performing Bank in 2006 by Findley Reports, a banking industry analyst and consulting firm.

Super Premier is the highest rating a bank can receive from Findley. It is based on growth, income, loan quality and return on equity among other criteria. Mission Oaks was one of 84 financial institutions recognized by Findley in 2006, down from 93 in 2005.

Mission Oaks National Bank, principal subsidiary of Mission Oaks Bancorp, is a federally chartered community bank with assets of more than $160 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.

For more on Mission Oaks National Bank visit its Web site at missionoaksbank.com.

Release Date: January 22, 2007

Mission Oaks Bank Announces Promotions and Hirings

TEMECULA – Mission Oaks National Bank announced a series of promotions and hirings to enhance customer service in its Temecula headquarters office.

Richard Lawless, a veteran banker with more than 25 years experience, joins Mission Oaks as senior vice president/commercial loan officer. Most recently he was commercial lending manager for Community National Bank. A Temecula resident, he holds a masters of business administration degree from the University of San Diego.

Darlene Trammel was hired as senior vice president/operations administrator to oversee operational policies and procedures, regulatory compliance and Bank Secrecy Act compliance. Most recently, she worked at Community National Bank as senior vice president and Secrecy Act officer. An Oceanside resident, she attended Buffalo State College in New York.

Kelly Kalisz was promoted from customer service representative to central operations assistant in charge of the remote capture program. A resident of Temecula, she joined the bank last summer.

Mission Oaks National Bank is a wholly owned subsidiary of Mission Oaks Bancorp, a one-bank holding company. It is a federally chartered bank with assets of more than $180 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.

For more on Mission Oaks National Bank visit its Web site at missionoaksbank.com.

Release Date: January 8, 2007

Mission Oaks Earnings Reach Record $2.5 Million

TEMECULA, Calif. -- Mission Oaks Bancorp (OTC BB: MOKB.OB - News), whose principal subsidiary is Mission Oaks National Bank, said it earned a record $2.5 million, or 61 cents a share, in 2006, up from the $2 million, or 52 cents a share, posted a year earlier.

"Overall it was an exceptional year for the bank," said Gary Votapka, Mission Oaks Bancorp president and chief executive. "We posted record earnings, strong loan and asset growth and it was the third year running that our return on average assets exceeded 1.50 percent."

For the year ended Dec. 31, 2006, Mission Oaks earnings rose 22 percent, loans outstanding increased 43 percent to $133.2 million and assets reached $184.7 million, a 22.1 percent increase over the same period a year earlier.

For the third consecutive year, the bank’s annualized return on average assets (ROA), a ratio of profit to assets, surpassed 1.50 percent, a benchmark typically exceeded only by the best performing banks.

At yearend Mission Oaks ROA stood at 1.54 percent.

More than 743 similarly sized U.S. banks reported an average ROA of 1.14 percent, according to a Federal Deposit Insurance Corp. survey as of September 30, 2006.

Mission Oaks National Bank was ranked among the best performing new banks in California over the past six years, according to The Findley Reports Inc., an Anaheim–based banking industry analyst and consulting firm.

The Temecula-based bank outperformed 70 other California banks when it came to return on average assets, a key measure of a bank’s financial performance.

Annualized return on average assets at Mission Oaks was better than the other five banks that opened their doors in 2000 and better than every other new bank in California in the past six years except one that matched Mission Oak’s performance.

In the fourth quarter of 2006, Mission Oaks Bancorp earned $661,000, or 16 cents a share, compared with earnings of $637,000, or 16 cents a share, reported in the same period a year ago. Per share amounts reflected 136,000 more shares in 2006 than a year earlier.

Mission Oaks National Bank is a federally chartered community bank 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.

For more on Mission Oaks National Bank visit its Web site at missionoaksbank.com.