Golden Pacific Bank Opens in Downtown Sacramento

SACRAMENTO, Calif.--(BUSINESS WIRE)--As part of their vision to Bring Community Banking to Downtown Sacramento, Golden Pacific Bank, a subsidiary of Golden Pacific Bancorp, opens its first branch in Sacramento at 980 9^th Street, at the corner of 9^th and J Street on Thursday, July 1, 2010. Located in the Park Tower building, the Golden Pacific Bank lobby offers views of Cesar Chavez Plaza and is primed to serve the entire Downtown Sacramento area.

“Right now, many banks are preserving their capital, limiting the amount they will lend. This is affecting both small businesses, which rely on credit lines to maintain operations, and homebuyers who are having a hard time obtaining a mortgage”

The Downtown Sacramento branch will feature:

• Complete suite of business and personal financial services solutions
• Convenient location- easy access from both 9^th and J Streets
• Validated parking- customers will be able to complete their banking transactions and receive validation from the Park Tower parking garage
• Financial education and insight- Golden Pacific Bank will offer instruction and demonstrations for customers on all bank products
• Community room access- Golden Pacific Bank’s “Community Room” offers a place for the public to hold meetings with free Wi-Fi access
• Full mortgage department onsite- Golden Pacific’s lending team is located in the Sacramento branch to offer insight and solutions for residential mortgage needs

In the next 24 months, the Sacramento branch of Golden Pacific Bank and the entire Golden Pacific Bancorp network of banks anticipate lending in excess of $150 million in new commercial and residential loans. As a result, the Sacramento branch of Golden Pacific Bank is well positioned to serve the greater Sacramento area with custom financial solutions.

“Right now, many banks are preserving their capital, limiting the amount they will lend. This is affecting both small businesses, which rely on credit lines to maintain operations, and homebuyers who are having a hard time obtaining a mortgage,” said Golden Pacific Bank President Roy Malone. “This creates a great opportunity for us to step in and meet the needs of healthy businesses and qualified customers.”

The new branch is part of Golden Pacific Bancorp’s network of community banks that also includes 5 Gold Country Bank branches located in Yuba, Sutter, and Butte counties.

About Golden Pacific Bancorp

Golden Pacific Bancorp is a bank holding company headquartered in Sacramento, CA. Golden Pacific Bank is a division of Gold Country Bank and is wholly owned by Golden Pacific Bancorp. Gold Country Bank operates 6 branches in Yuba, Sutter, Butte, and Sacramento counties and has a 24 year history of community banking in Northern California.

This press release contains statements which constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which involve the anticipated development and expansion of our business, and our intent, belief or current expectations, and that of our directors or our officers. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, risks related to the local and national economy, our performance and implementation of our business plans, loan performance, interest rates, and regulatory matters.