CYBA Canyon Bancorp (CE)

Community Bank of the Bay (OTCBB:CYBAA) reported net income of $122,000 for the six months ended June 30, 2005, as compared to a net loss of $200,000 for the same period in 2004. "Our financial performance in first half of 2005 marks a significant milestone for the Bank," said Brian Garrett, President and CEO. "We are establishing a loyal customer base of individuals, entrepreneurs, professionals and small businesses that value our hands-on, accessible style of banking and our commitment to the local community." During the first half of 2005, loan volumes experienced strong growth, increasing to $30.1 million at June 30, 2005, an increase of 53 percent from $19.7 million at the end of June 2004. Deposits also grew consistently, reaching $36.9 million at June 30, 2005, an increase of 18 percent from $31.4 million for the same period in 2004. "Our Oakland 1st Fund continues to attract deposits from customers who share our commitment to enhance the economic vitality of Oakland," said Garrett. Deposits designated for the Fund are utilized exclusively for loans to businesses and individuals who agree to use the money in Oakland. Every deposit product at the Bank qualifies for the Fund, which was created in 2004. As of June 30, 2005, Oakland 1st Fund deposits totaled $11.8 million. "Another way we are reaching out to the local community is through our new SBA loan department, which we established during the second quarter," said Garrett. "As a locally owned bank, we are committed to helping businesses in Oakland succeed. With our new SBA product lines, we can provide the smaller businesses in our community with the personal attention they deserve for their specialized financing needs." At June 30, 2005, Community Bank of the Bay had $46.8 million in assets, an increase of 23 percent from $38.1 million at the end of the second quarter 2004. Community Bank of the Bay is located at 1750 Broadway, Oakland, with free parking provided on-site. The office is open from 9 a.m. to 4 p.m., Monday through Friday. Information on the bank and its services is available online at www.communitybankbay.com.