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2011 NEWS

November 7, 2011

gmelton

OJAI, CALIF.—Mr. George Melton of Ojai has been elected to the Board of Directors of Ojai Community Bank, effective October 17, 2011. The announcement of Mr. Melton’s election was provided by Donald Scanlin, Chairman of the Board of Directors of the Bank.

Scanlin noted, “George Melton is a brilliant businessman and has vast experience in leadership and collaboration. We are fortunate that he has decided to lend his wisdom and insight to the Ojai Community Bank board. His gentle, yet direct manner meshes well with our members and he will be a great addition to our team.”

He is currently chairman, chief executive officer and president of Wyle, headquartered in El Segundo, California. He was named to the position early in 2005 concurrent with Wyle’s acquisition of the Aeronautics Service business of General Dynamics. Wyle is recognized as a leading provider of specialized engineering, scientific and technical services to the Department of Defense, NASA and a variety of commercial customers.

Mr. Melton graduated with a B.S. from the University of Tennessee and served in the U.S. Army for two years, including a year in Vietnam. He currently resides both in Ojai and Pacific Palisades to facilitate his work schedule.

George was born and raised in Tennessee and found his way to California in 1968. He and his wife Peggy have owned a home in the Ojai Valley since 1987.

They are both committed to the health and vitality of the community. He has recently joined the Ojai Libbey Bowl Foundation Board of Directors and is a strong supporter of the Ojai Valley Community Hospital Foundation.

The Ojai Community Bank Board members welcome Mr. Melton as the bank’s newest board member and look forward to the expertise he brings to the board and the bank as a whole.

Interview Contact:
David Brubaker
President & CEO, Ojai Community Bank
(805) 646-9909
dbrubaker@ojaicommunitybank.com

Media Inquiries:
Barbara Brown
BBM&D Strategic Branding
(805) 650-5555
bbrown@bbmd-inc.com

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September 7, 2011

Ojai Community Bank says consent order outlook positive
by Misty Volaski for the Ojai Valley News

September 7, 2011 —Ojai Community Bank recently released what it called good news for its second quarter with "sustained prof-itability, improved credit quality and stable deposit levels," according to a press release.

Bank president Dave Brubaker said after overhead and salaries, the bank was left with a profit of $516,000 for thesecond quarter, and total assets areapproximately $125 million.

A consent order was issued to OCB back in March by the Federal Deposit Insurance Corporation, asking that the bank address several aspects of its business to ensure its strength and continued growth.

"Consent orders are designed to assist, not penalize," said Brubaker. "We're on track with the things they laid out in the order. Specifically, one of the requirements was to put together a plan to decrease the problem loans, so we've put one together and are executing it so that the problem loans are lower than they were before. We're quite pleased with the success of that." The press release adds: "The bank has been working diligently to resolve issues and manage the loan portfolio. We partner with our customers to find mutually beneficial restructured payment plans and in many cases our borrowers were able to catch up and become current on their payments...since Dec. 21, 2010, the bank has reduced its problem assets by 45 percent."

Brubaker went on to say that OCB has met all its FDIC consent order due dates thus far, and believes the next one coming up—increasing the bank's capital ratio to 10 percent by Sept. 30—is reachable. "I'm confident...we've begun the process to achieve that goal," he said, adding that these are his opinions. As of June 30, he added, the ratio was 8.8 percent, and has gone upsince then. "The minimum capital ratio is 5 percent, so we're way below that. Our risk profile is lower today than it was a year ago ... We've made great progress, and understand the stock market is really volatile ... but I am very satisfied with where the bank is. To see our credit rating improving is great."

When questioned whether the late 2008 acquisition of OCB's two Santa Paula branches (Santa Paula Community Bank) put a strain on the bank's resources, Brubaker said, "That transaction is working very well for us."

"It's producing positive earnings and the credit quality is very good. That was actually a very good transaction for us." The community has been supportive since the consent order was issued, Brubaker added. "They've been great. We're here in the community to work with people so that everyone can ride the storm out together. And we have a lot of positive things going on right now that I can't comment on yet."

Interview Contact:
David Brubaker
President & CEO, Ojai Community Bank
(805) 646-9909
dbrubaker@ojaicommunitybank.com

Media Inquiries:
Barbara Brown
BBM&D Strategic Branding
(805) 650-5555
bbrown@bbmd-inc.com

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April 29, 2011

Ojai Community Bank Reports 1st Quarter Results

OJAI, CALIF.—The Ojai Community Bank (OCB) celebrated its 6th year in business this past March. We continue to grow our customer relationships and enjoy supporting the communities we serve.

For the calendar year ending December 31, 2010, the Bank saw continued and stable asset growth. Total assets increased 10.2% to $123.9 million. The loan portfolio increased $4.8 million to $85.8 million. For the calendar year 2010, the core earnings were $1.2 million, before a provision for loan loss reserves of $ 1.9 million and an extraordinary income event of $500,000. This activity and other adjustments resulted in a reportable loss for the 2010 calendar year of $289 thousand.

For the calendar quarter ending March 31, 2011, assets continue to be stable with new loan volume declining slightly. Outstanding loans decreased from $85.8 million at the end of 2010 to $79.2 million at March 31, 2011. Core earnings for the quarter were $240,000, before a provision for loan loss reserves of $175,000 resulting in reportable income of $65,000.

The Bank’s recent decline in loan quality coupled with lower capital ratios as a result of increased loan loss provisions, has led to the FDIC requiring closer oversight of the Bank. Effective March 31, 2011, the bank entered into a Consent Order with the FDIC, a formal agreement designed to strengthen financial performance, restore earnings, improve asset quality, and provide for adequate capital and liquidity.

"Many of the requirements set forth in the Consent Order have been satisfied or are in the process of being completed. A capital plan is being formulated which the bank intends to implement. As to credit issues, the bank is addressing these issues aggressively, albeit it is difficult in these tough economic times to see our friends and neighbors day in and day out in the grocery store or gas station, knowing some of them are struggling to pay us back" shares Dave Brubaker, President and CEO of the Bank.

"The Bank is well on our way to correcting many of the items in the order," reports Brubaker. "We believe with the corrective actions undertaken, we will continue to strengthen the safety and soundness of our operation, increase profitability, and prospects for the Bank."

Founded in 2005, the Bank operates three branches in Ojai and Santa Paula. Under the stock symbol OJCB, stock is traded through Stone and Youngberg and Howe Barnes Hofer & Arnett. The Bank’s website is www.ojaicommunitybank.com.

This press release includes forward-looking information, which is subject to the "safe harbor" created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act and the Private Securities Litigation Reform Act of 1995. When the Bank uses or incorporates by reference in this letter the words "anticipate," "estimate," "expect," "project," "intend," "commit," "believe," and similar expressions, the Company intends to identify forward-looking statements. Our actual results may differ materially from those projected in any forward-looking statements, as they will depend on many factors about which we are unsure, including many factors that are beyond our control.

Interview Contact:
David Brubaker
President & CEO, Ojai Community Bank
(805) 646-9909
dbrubaker@ojaicommunitybank.com

Media Inquiries:
Barbara Brown
BBM&D Strategic Branding
(805) 650-5555
bbrown@bbmd-inc.com

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May 23, 2011: OCB Walks in Support of a Cure for Cancer

OJAI, CALIF.—The Ojai Community Bank staff, board and customers walked throughout the weekend in support of a cure for Cancer. The Skinner’s Winners team raised a phenomenal $6,250! Thank you to everyone for all your hard work and support. We will find a cure!

From the Ojai Valley News (PDF): "Ojai 'Relay for Life' to Bring in thousands for ACS"

OCB Staff Baking for a Cancer Cure

skinners-winners

Can sweets prolong your life? If these sugar-filled treats help raise money for a cure for cancer they do, claims Ojai Community Bank. The employees at OCB are banking on it every Thursday. Each staff member has signed up to not only walk in the May 21-22nd walkathon, called Relay for Life,, but also bake or donate luscious baked goods for sale in the OCB lobby on Thursdays throughout April and May. So far cupcakes, Bundt cakes, lemon bars and peanut butter brownie squares have tempted donors. The OCB bakers (and their many donors) have raised $3,009.00 towards their $4,000 goal with their delectable treats. This fantastic total places Skinner’s Winners in 2nd place out of Ojai’s 27 teams.

Relay for Life is a two day event held at the Nordhoff High School track. There are 27 teams signed up and at least one of their team members will always be walking the track throughout the 24 hour fundraiser. Each OCB team member has committed to collecting $100 in sponsorship of their laps. Many team members camp out on our local football field supporting their teammates in the late hours of the night, and reminding us all that cancer never sleeps.

One of the highlights of the weekend is the survivors’ lap, a walk by those who are celebrating their win in the battle over cancer. OCB has several staff members walking this celebration lap. Another highlight is the Luminaria Ceremony, which takes place after dark and honors people who have been touched by cancer and to remember loved ones lost to the disease. Candles are lit inside bags filled with sand, each one bearing the name of a person touched by cancer, and participants often walk their lap in silence. OCB staff members will be walking in honor of the Bank’s founding President Shari Skinner who passed away from breast cancer a year ago February, as well as other family members and friends who have fallen to cancer. The entire event is life changing as you walk with friends of old, new ones found, all in the common goal of eliminating this pervasive disease.

Relay began in 1985 when Dr. Gordy Klatt, a colorectal surgeon in Tacoma, Washington, ran and walked around a track for 24 hours to raise money for the American Cancer Society. Since then, Relay has grown from a single man’s passion to fight cancer into the world’s largest movement to end the disease. Each year, more than 3.5 million people in 5,000 communities in the United States, along with additional communities in 20 other countries, gather to take part in this global phenomenon and raise much-needed funds and awareness to save lives from cancer.

Ojai Community Bank encourages you to take part in Relay for Life in one way or another. Come by the branch for a treat, whether you have your account here or elsewhere. Join our team (Skinner’s Winners at www.relayforlife.com), come walk for an hour or make a donation online. We welcome everyone. We are all in this together and together we can eliminate this disease.

Interview Contact:
David Brubaker
President & CEO, Ojai Community Bank
(805) 646-9909
dbrubaker@ojaicommunitybank.com

Media Inquiries:
Barbara Brown
BBM&D Strategic Branding
(805) 650-5555
bbrown@bbmd-inc.com

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