Stonegate Bank Purchases Assets and Assumes Deposits of Hillcrest Bank Florida and Partners Bank

FORT LAUDERDALE, Fla.--(Business Wire)--
Hillcrest Bank Florida, Naples, Florida, and Partners Bank, Naples, Florida were
each closed Friday by the Florida Office of Financial Regulation and Office of
Thrift Supervision, respectively. The Federal Deposit Insurance Corporation
("FDIC") was appointed as receiver for each bank. The FDIC entered into a
purchase and assumption agreement with Stonegate Bank, Fort Lauderdale, Florida
to take over all the deposits and certain assets of both banks. Hillcrest Bank
Florida has two full service branches; one located at 5325 Airport-Pulling Road
North, Naples, Florida and the second located at 24201 Walden Center Drive,
Bonita Springs, Florida. Hillcrest Bank Florida also maintains four limited
service offices in Collier and Palm Beach Counties, Florida. Partners Bank has
two offices; the main office located at 3021 Airport-Pulling Road, Naples,
Florida and a branch office located at 1575 Pine Ridge Road, Naples, Florida.

All depositors in each bank, including those with deposits in excess of the
FDIC`s insurance limits, will automatically become depositors of Stonegate Bank
and their deposits will continue to be fully insured in accordance with FDIC
regulations. Therefore, there is no need for customers of either bank to change
their banking relationship to retain deposit insurance at their current levels.

Each full service office will reopen, under current operating hours, on Monday,
October 26, 2009. Checks drawn on Hillcrest Bank Florida and Partners Bank will
be processed normally. Loan customers should continue to make loan payments as
usual.

Stonegate Bank purchased approximately $17.0 million in loans from Hillcrest
Bank Florida and all the loans from Partners Bank. The FDIC will retain the
remaining loans of Hillcrest Bank Florida for later disposition.

As of September 30, 2009, Stonegate had assets of over $460 million and $59.0
million in capital, representing 12.50% tier one capital, far exceeding the well
capitalized standards established by banking regulations. Stonegate Bank has
also enjoyed 15 straight quarters of profitability and 19 straight quarters of
asset and loan growth. Stonegate Bank currently maintains branch offices in Fort
Lauderdale, Boca Raton, Coral Springs and Jupiter, Florida.

Dave Seleski, President and Chief Executive Officer of Stonegate Bank stated,
"We are very excited about entering the Naples market. The combination of these
two banks provides us with a great deal of flexibility as well as some market
share. We expect this transaction to be immediately accretive to earnings.

Our new customers can look forward to enjoying the same high level of service
and dedication to customer satisfaction that has made Stonegate Bank one of
Florida`s most successful banking enterprises. Both Hillcrest Bank Florida and
Partners Bank developed a very good customer following and we hope to build on
those relationships in the future. As mentioned, Stonegate Bank will assume all
of the deposits of Hillcrest Bank Florida, along with $17.0 million in
performing loans, and all the deposits and loans of Partners."

FDIC press releases and other information are available on the Internet at
www.fdic.gov, by subscription electronically (go to
www.fdic.gov/about/subscriptions/index.html) and may also be obtained through
the FDIC`s Public Information Center (877-275-3342 or 703-562-2200). Information
about Stonegate Bank is available on the Internet at www.stonegatebank.com.

Stonegate Bank
Dave Seleski, President & CEO, 954-315-5510
dseleski@stonegatebank.com

Copyright Business Wire 2009