FOR IMMEDIATE RELEASE

NEWPORT BEACH, CA (March 22, 2007) Independence Bank is pleased to announce that A.P. "Walt" Walton has joined the Bank as Vice President and Regional Manager.

Mr. Walton brings a vast experience in business development including the various management positions he has held at several community banks in Orange County.

About Independence Bank
Independence Bank is a full service commercial bank headquartered in Newport Beach, California. The Bank operates three offices located in Newport Beach, San Juan Capistrano and Fountain Valley. Independence Bank prides itself as a community bank and specializes in personal banking, income property lending and business banking services ranging from online cash management to asset based lending. With $288 million in assets, Independence Bank is ranked by the Orange County Business Journal as the 5th largest Orange County based commercial bank.

Contact Information:

Chuck Thomas, President/CEO
Phone: (949) 266-6000
Fax: (949) 266-6006
Email: cthomas@independence-bank.net

Daniel Teklai, Vice President/Director of Marketing
Phone: (949) 266-6015
Fax: (949) 266-6006
Email: dteklai@independence-bank.net


Independence Bank
4525 MacArthur Boulevard
Newport Beach, CA 92660

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