Peninsula Bank Names Anthony N. Leo Chief Executive Officer

ENGLEWOOD, Fla., Oct. 29, 2009 (GLOBE NEWSWIRE) -- Peninsula Bank announced that
the board of directors has named Anthony N. Leo as Chief Executive Officer of
Peninsula Bank, subject to the approval of state and federal bank regulators.
Mr. Leo has received preliminary approval from the Florida Office of Financial
Regulation, and until his appointment is finalized by all authorities, will
serve as Acting CEO.

"Tony brings to Peninsula 25 years of broad banking experience," commented Carlo
LoRicco, Chairman of the Board, "and we anticipate that his expertise will have
a far-reaching, positive impact on our organization." For the past 14 years, Mr.
Leo served in various leadership roles at Community Banks, Inc., most recently
as its chief administrative officer. His areas of responsibility included
strategic planning, sales and marketing, retail banking, legal and compliance,
financial services and loan and deposit operations, among others. Mr. Leo was
instrumental in the restructure and recovery of a troubled Community Banks'
predecessor.

Mr. LoRicco, continued, "Tony's past turnaround experience brings a valuable
skill set as we work toward building a stronger institution for the long term.
His strengths dovetail with the strategic shift we are contemplating at
Peninsula, toward a greater focus on retail banking and the development of
multi-service relationships with both retail and commercial customers."

Mr. Leo most recently was a managing member of Consumer First Associates, LLC, a
bank organizational group. From 1993 to 2007, he was Executive Vice President
and Managing Director of Community Banks, Inc., a diversified financial
institution based in Harrisburg, PA, with total assets of approximately $4
billion prior to its acquisition by Susquehanna Bancshares, Inc. in late 2007.
He also served as corporate counsel for approximately 10 years at FB&T
Corporation in Hanover, PA and The National Bank of Washington, D.C.

Mr. Leo holds a B.A. With Distinction in political science and a J.D. degree,
both from George Washington University in Washington, D.C. He is a member of the
Bar of the District of Columbia and State of Maryland, and has served on
numerous community and charitable boards.

About Peninsula Bank

Peninsula Bank, a Florida state-chartered community bank, has thirteen branches
across the State of Florida. Executive headquarters are located in Sarasota,
Florida. On the east coast, five branches are located in Palm Beach County, one
branch in Miami-Dade County, and one in Broward County. On the west coast of
Florida, three branches are located in Charlotte County and three in Sarasota
County. Peninsula Bank is a member of the FDIC, which provides insurance up to
the maximum allowable limits on all depository accounts.

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CONTACT: Peninsula Bank
Anthony (Tony) Leo, Acting Chief Executive Officer
941-363-9116
aleo@peninsulabank.com