Pacific Alliance Bank Announces First Quarter Results

ROSEMEAD, Calif.--(Business Wire)--
Pacific Alliance Bank (OTCBB:PFBN) is pleased to announced today its first
quarter 2009 results, with highlights as follows:

* Total Assets increased by $37.6 million to $91 million, or 70.53% growth from
$53.3 million at March 31, 2008.
* Loans outstanding increased by $22.5 million to $51 million, or 79.2%
increased from $28.5 million at March 31, 2008.
* Deposits grew by 98.7% to $73.7 million from $37.1 million at March 31, 2008.

* Provision for loan losses was $435,000 for the quarter, with allowance for
loan losses to total loans at 3.36%.
* As of March 31, 2009, one SBA 7a loan was on nonaccrual, with principal amount
of $437,000 (75% SBA guaranteed).

* The Bank continued to be categorized as "well-capitalized" under the
regulatory guidelines, with Tier 1 leverage capital ratio of 13.08%, Tier 1
risk-based capital ratio of 19.59%, and Total risk-based capital ratio of
20.87%.

The 1st Quarter operating loss ($760,000) was higher than the same period 2008
result of ($374,000), due to a higher expense provision for loan loss of
$435,000 vs. $39,000, respectively. Looking forward, this higher expense
provision may become available to support future loan growth.

The 1st Quarter 2009 net loss was ($723,000) or (44 cents) per share, including
a one time securities gain of $37,000 vs. ($374,000) or (23 cents) per share in
2008, with $0 securities gain.

Pacific Alliance Bank was formed to achieve its mission of delivering business
value in its market, serving small to mid-size businesses, owners, and key
employees who seek a personal bank ready to meet their banking needs with
customized services.

Pacific Alliance Bank is a full-service FDIC insured community bank,
headquartered at 8400 E. Valley Blvd., Rosemead, California 91770. For more
information, contact Ms. Trish Lomeli-Sproles (626) 773-8897 or
tsproles@pacificalliancebank.com and visit http://www.pacificalliancebank.com.

This document may include 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 document the words "anticipate," "estimate," "expect," "project,"
"intend," "commit," "believe" and similar expressions, the Bank 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 which are beyond
our control.

Pacific Alliance Bank
Trish Lomeli-Sproles, Public Relations
626-773-8897
tsproles@pacificalliancebank.com

Copyright Business Wire 2009