State Closes MetroPacific Bank

SAN FRANCISCO--(Business Wire)--
The California Department of Financial Institutions (DFI) announced today that
regulators have closed MetroPacific Bank, citing inadequate capital.

As of June 15, 2009, MetroPacific Bank, located in Irvine, had total assets of
approximately $77.9 million and total deposits of approximately $73 million. The
DFI has been closely monitoring the bank because of its inadequate capital
level. The DFI had ordered it to increase its capital reserves to a safe and
sound level but efforts by the bank to do so were unsuccessful.

Immediately following the closure, the DFI named the Federal Deposit Insurance
Corporation (FDIC) as receiver of MetroPacific Bank. The depositors of
MetroPacific Bank are protected by the FDIC. The FDIC has accepted a bid from
Sunwest Bank to assume all branch deposits and significantly all the assets of
MetroPacific Bank. For information about FDIC deposit insurance, visit
www.fdic.gov or call toll-free 1-877-ASK-FDIC.

DFI supervises 700 state financial institutions. Maintaining the integrity of
financial services remains the primary mission of the Department. The DFI is
responsible for administering state laws regulating state-licensed financial
institutions: banks, credit unions, industrial banks, trust companies, offices
of foreign banks, issuers of travelers` checks and payment instruments (money
orders), and money transmitters. In addition to posting information about
licensees, the DFI Web site features consumer information on a variety of
financial topics. DFI reports to Business, Transportation & Housing Agency
Secretary Dale E. Bonner and Governor Arnold Schwarzenegger.

California Department of Financial Institutions
Alana Golden, 916-323-7012 or 916-322-5966
Public Information Officer
www.dfi.ca.gov

Copyright Business Wire 2009