Plaza Bank Announces Termination of Regulatory Order

IRVINE, CA--(Marketwire - August 3, 2010) -  Plaza Bank (OTCBB: PLZB) today announced that the FDIC and the California Department of Financial Institutions had terminated the Cease and Desist Order originally issued against the Bank effective April 29, 2009. The Order was terminated effective June 2, 2010, but public notice of the termination was not made until July 30, 2010, when the FDIC published the termination order on its website.

"This is obviously a giant step forward for Plaza Bank," said Gene Galloway, President of Plaza Bank. "This, coupled with the recent acquisition of SouthwestUSA Bank, proves that we are taking this franchise in the right direction."

Plaza Bank recently acquired certain assets and assumed certain liabilities of Las Vegas, Nevada-based SouthwestUSA Bank in a purchase and assumption agreement, including loss share arrangement, with the Federal Deposit Insurance Corporation on Friday, July 23, 2010. 

About Plaza Bank

Plaza Bank is a full-service professional business bank headquartered in Irvine, California, with branches in Irvine and Las Vegas, Nevada. The Bank is dedicated to meeting the financial needs of the small business customer with innovative diverse products and personalized service. For additional information, visit the Plaza Bank website at www.plazabank.net.

Forward-Looking Statements

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