FPB Bancorp, Inc. Reports Third Quarter Results

PORT ST. LUCIE, Fla., Oct. 29, 2009 (GLOBE NEWSWIRE) -- FPB Bancorp, Inc.
(Nasdaq:FPBI), a Florida bank holding company whose subsidiary is First Peoples
Bank, announced today the following results: Net losses for the third quarter of
2009 were $1.6 million, or ($.81) loss per common share. Losses year-to-date
were $3.4 million or ($1.81) loss per common share. Net charge-offs for the
third quarter were $704,000, which is an increase of $434,000 from the previous
quarter. Total impaired loans for the nine months ended September 30, 2009 were
$20.1 million, a decrease of $846,000 from the second quarter. Foreclosed assets
were $7.0 million, an increase of $691,000 over the second quarter. Overall,
impaired assets were $27.2 million, a $155,000 decrease from the second quarter.
Non-performing loans (non-accrual and past-due 90 days, but still accruing) were
$17.4 million, a $4.7 million increase from the previous quarter. Total
non-performing assets were $24.5 million, a $5.3 million increase over the
second quarter.

David W. Skiles, President & CEO, stated, "During the third quarter of 2009, we
extensively reviewed our loan portfolio and evaluated our allowance for loan
losses and the need for additional provisions for potential loan losses and loan
impairments. As a result, we recognized additional provisions in the third
quarter of $2 million, or $3.9 million year-to-date. Based on the deterioration
of our asset quality, as well as the losses in our third quarter, we expect that
the FDIC will pursue an enforcement action with respect to the Bank."

Mr. Skiles continued by stating, "Our Special Assets Department was formed in
June and has been very successful in the workout process. We continue to remain
optimistic that Florida and more specifically our local area, will recover
sooner than several other States with similar economic issues."

Total assets at the end of the third quarter were $267.4 million, which is a $5
million increase (1.91%) from the previous quarter. Total net loans had an
increase over the second quarter of $6.4 million, or 3.41%. Total capital at the
end of the third quarter was $21.1 million, a decrease of $1.5 million from the
second quarter. Due to the additional losses during the quarter, we will report
a Total Risk-Based Capital ratio of 9.40%, Tier 1 capital ratio of 8.14% and
leverage capital ratio of 6.26%. As of September 30, 2009, book value was $7.65
per common share, as a result of the third quarter losses.

Mr. Skiles concluded by stating, "These are tremendously difficult times
economically, with local unemployment rates currently near 16% and a record
number of foreclosures. We continue to be challenged to maintain a balance
between impairment of our loans and working with our valued customers who are
willing to pay and who are desperately attempting to work through this
recession."

FPB Bancorp, Inc. is a one bank holding company located in Port St. Lucie,
Florida. FPB Bancorp, Inc.'s sole subsidiary is First Peoples Bank, which has
six full-service branches located in Port St. Lucie, Fort Pierce, Stuart, Vero
Beach and Palm City, Florida.

The FPB Bancorp, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4071

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

Certain statements in this press release may contain "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995, which statements generally can be identified by the use of
forward-looking terminology, such as "may," "will," "expect," "estimate,"
"anticipate," "believe," "target," "plan," "project," or "continue" or the
negatives thereof or other variations thereon or similar terminology, and are
made on the basis of management's plans and current analyses of FPB Bancorp,
Inc., its business and the industry as a whole. These forward-looking statements
are subject to risks and uncertainties, including, but not limited to, economic
conditions, competition, interest rate sensitivity and exposure to regulatory
and legislative changes. The above factors, in some cases, have affected, and in
the future could affect FPB Bancorp, Inc.'s financial performance and could
cause actual results for fiscal 2009 and beyond to differ materially from those
expressed or implied in such forward-looking statements. FPB Bancorp, Inc. does
not undertake to publicly update or revise its forward-looking statements even
if experience or future changes make it clear that any project results expressed
or implied therein will not be realized.

FPB Bancorp, Inc. has filed a registration statement (including a prospectus)
(SEC File Number 333-161965) with the SEC for the offering to which this
communication relates. Before you invest, you should read the prospectus in that
registration statement and other documents the issuer has filed with the SEC for
more complete information about the issuer and this offering. You may get these
documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.
Alternatively, the issuer, the placement agent or any dealer participating in
the offering will arrange to send you the prospectus if you request it by
calling toll-free 1-866-(866) 254-2265.

For further information regarding FPB Bancorp, Inc., please read the FPB
Bancorp, Inc. reports filed with the Securities Exchange Commission and
available at www.sec.gov or at its website at http://www.1stpeoplesbank.com.

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CONTACT: FPB Bancorp, Inc.
Nancy E. Aumack, Chief Financial Officer
(772) 225-5930