Written Agreement with San Joaquin Bancorp and San Joaquin Bank

The following press release was published by the Board of Governors of the Federal Reserve System on April 9, 2009. It is reproduced in full below.

The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among San Joaquin Bancorp, a registered bank holding company, San Joaquin Bank, a state chartered member bank, both of Bakersfield, California, the Federal Reserve Bank of San Francisco, and the California Office of Financial Institutions.

A copy of the Written Agreement is attached.

Source: Board of Governors of the Federal Reserve System