California United Bank President & CEO David Rainer Named Ernst & Young Entrepreneur...

Thu Jun 26, 2008 9:05am EDT

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California United Bank President & CEO David Rainer Named Ernst & Young Entrepreneur Of The Year(R) 2008 Award Winner for the Greater Los Angeles Area

   Award Recognizes Entrepreneurial Excellence in Financial Services
                               Category
LOS ANGELES--(Business Wire)--
California United Bank (OTCBB: CUNB), today announced that David
I. Rainer, President & CEO, received the Ernst & Young Entrepreneur Of
The Year(R) 2008 Award in the Financial Services category in the
Greater Los Angeles Area. According to Ernst & Young LLP, the award
recognizes outstanding entrepreneurs who are building and leading
dynamic, growing businesses. David Rainer was selected by an
independent panel of judges, and the award was presented at a gala
event at the Beverly Hilton Hotel on June 24, 2008.

   "I accept this award as a member of the California United Bank
team, each of whom embraced the vision of creating a local business
bank distinguished by extraordinary service to its customers and its
community," said Rainer. "As I have repeatedly said, in being part of
California United Bank, I am living my dream. I want to thank Ernst &
Young for this great honor."

   The Ernst & Young Entrepreneur Of The Year awards celebrate their
22nd anniversary this year. The program honors entrepreneurs who have
demonstrated exceptionality in such areas as innovation, financial
performance and personal commitment to their businesses and
communities.

   "Ernst & Young is pleased to honor outstanding business leaders
such as David Rainer," said Brian Ring, Ernst & Young Entrepreneur Of
The Year Program Director for Greater Los Angeles. "Winners of the
Entrepreneur Of The Year award build leading businesses and contribute
a great deal to the communities around them. Their success helps our
area grow stronger."

   As a Greater Los Angeles award winner, David Rainer is now
eligible for consideration for the Ernst & Young Entrepreneur Of The
Year 2008 national program. Award winners in several national
categories, as well as the overall national Ernst & Young Entrepreneur
Of The Year award winner, will be announced at the annual awards gala
in Palm Springs, California on November 15, 2008. The awards are the
culminating event of the Ernst & Young Strategic Growth Forum, the
nation's most prestigious gathering of high-growth, market-leading
companies.

   Sponsors

   Founded and produced by Ernst & Young LLP, the Entrepreneur Of The
Year awards are pleased to have the Ewing Marion Kauffman Foundation
and SAP America as national sponsors.

   About California United Bank

   California United Bank is a full service financial institution
which provides a full range of financial services, including credit
and deposit products, cash management, and internet banking for
business and high net worth individuals. Locations include the
headquarters office at 15821 Ventura Boulevard, Suite 100, Encino, CA
91436; West Los Angeles Regional Office at 1640 South Sepulveda
Boulevard, Suite 114, Los Angeles, CA 90025; Santa Clarita Valley
Regional Office at 25350 Magic Mountain Parkway, Suite 100, Valencia,
CA 91355 and Conejo Valley Loan Production Office at 4333 Park Terrace
Drive, Suite 215, Westlake Village, CA 91361. Additional information
can be found at www.californiaunitedbank.com.

   About the Ernst & Young Entrepreneur Of The Year Awards

   Ernst & Young's Entrepreneur Of The Year is the world's most
prestigious business award for entrepreneurs. The award makes a
difference through the unique way it encourages entrepreneurial
activity among those with potential and recognizes the contribution of
people who inspire others with their vision, leadership and
achievement. As the first and only truly global award of its kind,
Ernst & Young Entrepreneur Of The Year celebrates those who are
building and leading successful, growing and dynamic businesses,
recognizing them through regional, national and global awards programs
in more than 135 cities in 50 countries.

   About Ernst & Young

   Ernst & Young is a global leader in assurance, tax, transaction
and advisory services. Worldwide, our 130,000 people are united by our
shared values and an unwavering commitment to quality. We make a
difference by helping our people, our clients and our wider
communities achieve potential.

   For more information, please visit www.ey.com.

   Ernst & Young refers to the global organization of member firms of
Ernst & Young Global Limited, each of which is a separate legal
entity. Ernst & Young Global Limited, a UK company limited by
guarantee, does not provide services to clients.

California United Bank
David I. Rainer, President and Chief Executive Officer
818-257-7776

Copyright Business Wire 2008
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