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Commerce National Bank: Commerce National Bank Announces the Appointment of Paul L. Sandoval

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^{Published in Business and Finance on Tuesday, July 14th 2009 at 6:19 GMT, Last Modified on 2009-07-14 06:19:19 by Market Wire}  

NEWPORT BEACH, CA--(Marketwire - July 14, 2009) - Commerce National Bank (OTCBB: [ CNBF ]), a community business bank, is pleased to announce that Mr. Paul L. Sandoval has joined Commerce National Bank as Vice President in the bank's business development division.

With over 40 years of experience in the financial services industry, Mr. Sandoval has an extensive background in all areas of lending, with a focus on real estate lending. In addition to holding management-level positions with several financial institutions during his career, Mr. Sandoval also ran his own successful mortgage and business loan brokerage company for 20 years.

"Mr. Sandoval is a high-caliber financial services professional with an extensive knowledge-base. We are pleased to have him join our team of business bankers," said President and Chief Executive Officer Mark E. Simmons.

Mr. Sandoval has a Bachelor of Arts degree in business administration from California State University at Fullerton. He holds a California Real Estate Broker's License and also has lifetime community college teaching credentials in banking and finance, and real estate finance.

With offices in Newport Beach and the City of Fullerton, the Bank is well positioned to serve businesses, professionals and selected real estate customers in both the northern and southern areas of Orange County. The offices are staffed by experienced business bankers who are committed to providing exemplary service to their customers in the business community.

Forward-Looking Statement

This news release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about Commerce National Bank's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and the following: Commerce National Bank's timely development of new products and services, technological changes, changes in consumer spending and savings habits and other risks discussed from time to time in Commerce National Bank's reports and filings with the Office of the Comptroller of the Currency. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made, and Commerce National Bank does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.