PUBB Pacific Union Bank (MM)

Pacific Union Bank Consent Order With FDIC Was Lifted LOS ANGELES, March 8 /PRNewswire-FirstCall/ -- PACIFIC UNION BANK announced today that the Bank has been informed that a Consent Agreement with the FDIC was lifted on February 25, 2004. The Bank entered into a Consent Agreement with FDIC pursuant to Section 8(b)(1) of the Federal Deposit Insurance Act on March 2002 with respect to certain Bank Secrecy Act compliance issues. Pacific Union Bank is a California state-chartered commercial bank headquartered in Los Angeles, California. The Bank primarily caters to the Korean-American community in the greater Los Angeles metropolitan area with additional branches in areas of Orange County, San Francisco and Silicon Valley. The Bank currently has 12 full service branch offices. In addition to its full service offices, the Bank also operates a loan production office in Seattle, WA. ( http://www.pubbank.com/ ) This release contains statements that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words "believe," "estimate," "expect," "intend," anticipate" and similar expressions and variations thereof identify certain of such forward- looking statements, which speak only as of the dates, which they were made. The Company undertakes no obligation to publicly update or revise any forward- looking statements, whether as a result of new information, future events, or otherwise. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward- looking statements as a result of various factors. Readers are cautioned not to place undue reliance on these forward-looking statements. DATASOURCE: Pacific Union Bank CONTACT: Dianne Kim, Chief Financial Officer of Pacific Union Bank, +1-213-351-9260 Web site: http://www.pubbank.com/

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