IRVINE, CA--(Marketwire - Aug 22, 2012) - Plaza Bank (OTCBB: [ PLZB ]) (the "Bank") reported unaudited net income for the quarter ended June 30, 2012 of $657,000 or $0.04 per share on a diluted basis, a slight decrease from the second quarter of 2011 of $669,000 or $0.04 per share on a diluted basis. For the six months ended June 30, 2012, net income improved to $950,000, and $0.06 per diluted share, from $891,000, and $0.05 per diluted share, in the same six months of 2011.

Gene Galloway, President and Chief Executive Officer of Plaza Bank, commented, "Three years ago in June, Plaza Bank was recapitalized and new management was brought in. During the last three years the Bank has grown from $147 million in assets to $387 million, with gross loans outstanding increasing from $80 million to $286 million. Our transactional deposits, checking and money market accounts, have increased almost nine fold, from $21 million to $182 million. Additionally, we added our Las Vegas branch in July 2010, and added 26 employees during the last three years. Most importantly, the Bank has been profitable since June 2010."

Mr. Galloway further stated, "Our success could not have come without the hard work of all our employees and the support of the business owners and the communities we serve."

Highlights for 2012's second quarter included:

• Total deposits grew $14.6 million, or 19% annualized, in the second quarter to $324.0 million as of June 30, 2012.
• Loan volume jumped from the first quarter of 2012 of $29.9 million to $45.5 million in the second quarter, or 52%.
• Gross loans outstanding totaled $285.8 million at the end of the quarter, an increase of $10.3 million, or 16% annualized, over the balance at March 31, 2012.
• Noninterest income totaled $2.0 million in the second quarter of 2012, up from the first quarter of 2012 and the second quarter of 2011 by $1.2 million and $662,000, respectively.
• During the quarter the Bank sold $18.6 million of SBA 504 and 7A loans compared to $8.5 million for the first quarter of 2012. The loan sales generated gains of $1.4 million and $465,000 for the second and first quarters, respectively.

About Plaza Bank
Plaza Bank is full service community bank serving the business and professional communities in Southern California and Las Vegas, Nevada. The Bank is committed to meeting the financial needs of small to middle market businesses and professional firms with loans for working capital, equipment and owner-occupied commercial real estate financing and a full array of cash management services. Our bankers are experienced, professional and knowledgeable. For more information, visit [ www.plazabank.net ] or call President and CEO Gene Galloway at (949) 502-4309.

Forward-Looking Statements

Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are subject to the safe harbors created by that Act. .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," "anticipate," "intend," "plan," "estimate," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements are based on currently available information, expectations, assumptions, projections, and management's judgment about the Bank, the banking industry and general economic conditions. These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely.

Forward-looking statements involve significant risks and uncertainties and actual results may differ materially from those presented, either expressed or implied, in this press release. Factors that might cause such differences include, but are not limited to: the Bank's ability to successfully execute its business plans and achieve its objectives; changes in general economic, real estate and financial market conditions, either nationally or locally in areas in which the Bank conducts its operations; changes in interest rates; new litigation or changes in existing litigation; future credit loss experience; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect the Bank's operations or business; loss of key personnel; changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies; and the ability to satisfy requirements related to the Sarbanes-Oxley Act and other regulation on internal control.