Malaga Financial Corporation Announces Cash Dividend

PALOS VERDES ESTATES, Calif.--(Business Wire)--
The Board of Directors of Malaga Financial Corporation (OTCBB:MLGF) announced
today the declaration of a cash dividend in the amount of 8 cents per share to
shareholders of record on July 10, 2009. According to Randy Bowers, President
and CEO, the dividend will be paid out on or about July 15, 2009. This dividend
represents the 20th consecutive quarterly cash dividend paid by the company. The
company's subsidiary, Malaga Bank, continues to be well capitalized and credit
quality remains high.

Malaga Bank is a full-service community bank headquartered on the Palos Verdes
Peninsula with branch offices located on the Peninsula, in Torrance and now in
San Pedro. For over 24 years, Malaga has been delivering not only competitive
banking services to residents and businesses of the South Bay, but also real
estate loan products custom-tailored to consumers and investors. As the largest
community bank in the South Bay, Malaga is proud of its continuing tradition of
relationship-based banking and legendary customer service. The Bank`s web site
is located at www.malagabank.com.

Randy Bowers
President and Chief Executive Officer
Malaga Financial Corporation
(310) 375-9000
rbowers@malagabank.com

Copyright Business Wire 2009