Capital Corp of the West Q4 2007 County Bank Call Report Filing

MERCED, Calif., Feb. 7 /PRNewswire-FirstCall/ -- Capital Corp of the West
(Nasdaq: CCOW), the holding company for County Bank ("the Bank"), Central
California's Community Bank, clarified today the County Bank Call Report
filed. Tom Hawker, Chief Executive Officer, commented: "On January 30, 2008,
the Bank filed, as required, its fourth quarter Call Report with the Federal
Reserve Bank of San Francisco. The Bank filed this report based on the best
available information at that time and is currently studying certain
valuations in light of existing market conditions and now believes certain
adjustments as of year-end 2007 are likely to result from this review process.
Therefore, the Bank's parent, Capital Corp of the West ("the Company"), is
unable to release the results of its operations for the fourth quarter of 2007
and the year ended December 31, 2007 until this review is complete. The
Company anticipates that actual consolidated results of operations, when
determined, may vary from those included in the Call Report and that the Bank
will file an amended Call Report at that time."
Forward Looking Statements
This news release includes forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Exchange Act of 1934, as amended and Capital Corp of the West intends for
such forward-looking statements to be covered by the safe harbor provisions
for forward-looking statements contained in the Private Securities Litigation
Reform Act of 1995. Future events are difficult to predict, and the
expectations described above are necessarily subject to risk and uncertainty
that may cause actual results to differ materially and adversely.
Forward-looking statements can be identified by the fact that they do not
relate strictly to historical or current facts. They often include the words
"believe," "expect," "anticipate," "intend," "plan," "estimate," or words of
similar meaning, or future or conditional verbs such as "will," "would,"
"should," "could," or "may." These forward-looking statements are not
guarantees of future performance, nor should they be relied upon as
representing management's views as of any subsequent date. Forward-looking
statements involve significant risks and uncertainties and actual results may
differ materially from those presented, either expressed or implied, in this
news release. Factors that might cause such differences include, but are not
limited to: independent valuations or appraisals of certain assets, the
Company's ability to successfully execute its business plans and achieve its
objectives; changes in general economic, real estate and financial market
conditions, either nationally or locally in areas in which the Company
conducts its operations; changes in interest rates; continuing consolidation
in the financial services industry; new litigation or changes in existing
litigation; increased competitive challenges and expanding product and pricing
pressures among financial institutions; legislation or regulatory changes
which adversely affect the Company's operations or business; loss of key
personnel; and changes in accounting policies or procedures as may be required
by the Financial Accounting Standards Board or other regulatory agencies.
In addition, discussions about risks and uncertainties are set forth from
time to time in the Company's publicly available Securities and Exchange
Commission filings. The Company undertakes no obligation to publicly revise
these forward-looking statements to reflect subsequent events or
circumstances.
Reference Information
Capital Corp of the West, a bank holding company established November 1,
1995, is the parent company of County Bank, which has over 30 years of service
as "Central California's Community Bank." Currently, County Bank has
forty-one branch offices serving thirteen counties in California. Its primary
concentration is in the Central Valley of California. As of the latest FDIC
data, County Bank has a 7.29% market share in the six Central California
counties in which it has a significant retail branch presence, ranking County
Bank fifth out of forty-one financial institutions in that market area. For
further information about the Company's financial performance, contact Tom
Hawker, President and Chief Executive Officer, at (209) 725-2276, or David
Heaberlin, Chief Financial Officer, at (209) 725-7435.
Contacts: Thomas T. Hawker,
President/Chief Executive Officer (209)725-2276
David A. Heaberlin,
EVP/Chief Financial Officer (209)725-7435
Web Site www.ccow.com

SOURCE Capital Corp of the West

Thomas T. Hawker, President|Chief Executive Officer, +1-209-725-2276, or David
A. Heaberlin, EVP|Chief Financial Officer, +1-209-725-7435, both of Capital
Corp of the West