Atlantic Pacific Bank to Delay Annual Meeting - Bank to Change its Name

SANTA ROSA, Calif.--(Business Wire)--
Atlantic Pacific Bank (OTCBB:APFB) today announced that it is
delaying its annual meeting to Wednesday June 4, 2008. The delay is
related to events associated with a recent trademark dispute
surrounding the name "Atlantic Pacific Bank."

Management has recently been approached by another company
regarding a trademark conflict with the corporate name. Based upon
discussions with legal counsel, management and the Board of Directors
have agreed to avoid a formal legal challenge and have instead agreed
to change the name of the bank. Charles O. Hall, President and Chief
Executive Officer of Atlantic Pacific Bank stated, "it is an
unfortunate situation. However, we have determined that engaging in a
potentially long and expensive legal battle regarding the trademark
rights surrounding the bank's name is currently not in the best
interests of the shareholders."

Management has engaged a brand development and marketing
communications firm and is currently exploring various options, all of
which are designed to enhance the bank's corporate image and presence
in a global marketplace. Management and the Board of Directors were
hopeful that a new name would have been selected in time for the
annual shareholders meeting. However, as a result of the many issues
which need to be resolved prior to submitting a new name to the
shareholders for approval, management and the Board of Directors have
decided to proceed with scheduling an annual shareholder's meeting and
have delayed the shareholder's approval of a new name to a later date.
Once a new name has been selected and sufficient legal and regulatory
approvals surrounding the trademark have been obtained, a special
meeting of shareholders will be announced and the new name will be
presented to the shareholders for final approval.

Atlantic Pacific Bank is the newest independent business bank
headquartered in Sonoma County. The Bank is focused on meeting the
specialized needs of small to medium-sized businesses and
professionals. Atlantic Pacific Bank is located at 3725 Westwind
Blvd., Suite 100, Santa Rosa, California and is near the Charles M.
Schultz - Sonoma County Airport. For additional information, please
contact us at (707) 236-1500 or online at www.apbconnect.com.

Atlantic Pacific Bank
Charles O. Hall, 707-236-1500
President & CEO

Copyright Business Wire 2008