SCVBank Reports Increasing Profitability

Zero Charge-Offs; Zero Non-Performing Assets
SANTA PAULA, Calif.--(Business Wire)--
Santa Clara Valley Bank (SCVBank) (OTCBB:SCVE) today announced its
2008 second quarter financial results.

SCVBank reported that net income was $170,000 in the second
quarter of 2008, an increase of 97%, over the $86,000 of net income
reported in the first quarter of 2008. For the six months ending
6/30/08, SCVBank's net income was $256,000, or $0.23 per share, an
increase of 137% compared to $108,000, or $0.10 per share, for the
same period a year earlier. SCVBank's net interest income increased by
$233,000 or 10.7% over the same period in 2007. The Bank's net
interest margin remained strong at 4.54% for June.

In 2008, the Bank's assets grew to $108.3 million, up from $107.3
million at year-end 2007. Loans grew from $81.6 million at year-end to
$84.1 million, or 3.1% at June 30, 2008. The Bank holds $91.8 million
in deposits, up from $91.6 million at year-end. Non-interest bearing
deposits comprise 32% of total deposits.

The Bank's loan portfolio continues to perform well. SCVBank
continues to have no non-performing loans and delinquencies are
minimal. There were no loan charge-offs for the 6th consecutive
quarter. During the last twelve quarters, the Bank has charged-off
only $1,200. The Bank's liquidity remains solid, allowing for
increases in sound loans. SCVBank has been profitable since 2002.

"Our increasing net income is a testament to the strength and
conservative nature of SCVBank," stated Chairman Guy Cole. "The
Board's oversight and conservative nature continues to ensure our long
term success."

"The Bank is in a very strong capital position. We believe that
our stock repurchase program has contributed significantly to
maintaining the price of the Bank's common stock, while that of other
financial institutions has fallen dramatically," said CEO Hause.
"While we are proud of our credit quality at SCVBank, I want to
applaud our loan customers for continuing to honor their loan
obligations during these trying times. We appreciate their character
and integrity very much."

Founded in 1998, Santa Clara Valley Bank has offices in Santa
Paula, Fillmore, and Valencia. Under its stock symbol of SCVE.OB,
Santa Clara Valley Bank's stock is traded through Howe Barnes Hofer &
Arnett, McAdams Wright Ragen, Wedbush Morgan Securities and Monroe
Securities. The Bank's web site is www.SCVBank.com.

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Santa Clara Valley Bank Corporate Headquarters
901 East Main Street
Santa Paula, California 93060
805-525-7847
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Statements concerning future performance, developments or events
concerning expectations for growth and market forecasts, and any other
guidance on future periods, constitute forward looking statements that
are subject to a number of risks and uncertainties. Actual results may
differ materially from stated expectations. Specific factors include,
but are not limited to, the effect of interest rate changes, the
ability to control costs and expenses, the impact of consolidation in
the banking industry, financial policies of the United States
government, and general economic conditions.

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Santa Clara Valley Bank, N. A.

Balance Sheets
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Unaudited Audited
June 30, 2008 December 31, 2007

Assets:

Cash and due from banks $ 4,149,000 $ 6,512,000
Investments 18,250,000 17,452,000
Loans 84,115,000 81,554,000
Allowance for loan losses (832,000) (747,000)
Other assets 2,598,000 2,502,000
------------- -----------------
Total Assets $108,280,000 $107,273,000
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Liabilities and Equity:

Deposits $ 91,762,000 $ 91,579,000
FHLB Advances 4,950,000 3,950,000
Other liabilities 225,000 603,000
Stockholders' equity 11,343,000 11,141,000
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Total Liabilities and Stockholders'
Equity $108,280,000 $107,273,000
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For the Six For the Six
Months Months
Statements of Income (unaudited) Ended 6-30-08 Ended 6-30-07
--------------------------------------

Interest income $ 3,328,000 $ 3,324,000
Interest expense 909,000 1,138,000
Provision for loan losses 85,000 95,000
Noninterest income 532,000 283,000
Noninterest expense 2,447,000 2,185,000
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Income before taxes 419,000 189,000
Income tax provision 163,000 81,000
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Net Income $ 256,000 $ 108,000
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Earnings per share $ 0.23 $ 0.10

Quarterly Net Income $ 170,000 $ 10,000
Quarterly earnings per share $ 0.16 $ 0.01

Book value per share $ 10.40 $ 9.85
Shares outstanding (end of period) 1,090,491 1,048,839

Return on average assets 0.48% 0.21%
Return on beginning equity 4.60% 2.38%

Total risk based capital ratio 16.64% 13.84%
Tier one capital ratio 13.71% 13.05%
Leverage ratio 10.48% 10.20%

Nonperforming assets $ 0 $ 0
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Santa Clara Valley Bank
Michael D. Hause
President & Chief Executive Officer
805-525-1999

Copyright Business Wire 2008