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SANTA CRUZ COUNTY BANK (IN ORGANIZATION) LAUNCHES PUBLIC STOCK OFFERING

January 25, 2004

The following is an article from the Santa Cruz Sentinel

Contacts

John Rossell
Santa Cruz County Bank (in organization)
(831) 457-5000

Mary Anne Carson
Santa Cruz County Bank (in organization)
(831) 457-5000

SANTA CRUZ, Ca. – Santa Cruz County Bank (In Organization) today announced the launch of its public stock offering. The Bank’s officers and directors hosted a reception for the purpose of discussing an investment in the Bank’s common stock at Seascape Resort on December 2, 2003. Bank officials estimate that over 300 individuals from throughout Santa Cruz county attended the reception.

At the December 2nd reception, George Gallucci, Chairman of the Board of Directors, John Rossell, President and CEO, and David Heald, Executive Vice President and Chief Credit Officer, separately introduced the Board of Directors, discussed the Bank’s proposed business model and delivery systems, and gave a detailed description of the offering, respectively. At the reception, interested individuals received an offering circular and other pertinent forms for subscribing to purchase shares.

Directors and officers of the Bank are offering for sale up to 1,200,000 shares of the Bank’s common stock at a price of $10.00 per share. Subscribers must purchase a minimum of 1,000 shares. The subscription deadline is January 30, 2004. Additional offering circulars are available to the public by calling the Bank at 457-5000.

The Bank’s first planned branch is at 325 Soquel Avenue, Santa Cruz, which will also serve as its administrative headquarters. Management hopes this anchor branch will be open for business in the first quarter of 2004. The Bank is currently in the process of negotiating a lease to open an additional branch banking office in Watsonville.

This announcement is neither an offer to sell nor a solicitation of an offer to buy these securities. Such offers are made only by the offering circular.

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Santa Cruz County Bank has no control over information at any site hyperlinked to or from this site. Santa Cruz County Bank makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and is providing this hyperlink to you only as a convenience. The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by Santa Cruz County Bank of any information in any hyperlinked site. In no event shall Santa Cruz County Bank be responsible for your use of a hyperlinked site.

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