Calwest Bancorp Sample Contracts

Calwest Bancorp – PRESS RELEASE SOUTH COUNTY BANK REPORTS 2003 RESULTS (March 17th, 2004)

January 26, 2004 – South County Bank, a wholly owned subsidiary of CalWest Bancorp (OCTBB – CALW) reported financial results for the twelve months ended December 31, 2003. The Bank’s net income decreased by 83.5% to $165,000 compared to net income of $997,000 as of December 31, 2002. Due to high loan growth of 51.8% from December 31, 2002, the Bank increased its allowance for loan loss by 59.5% from December 31, 2002, by adding $868,000 in loan loss provisions. As a result of increase in the loan portfolio, the Bank’s interest income increased by 22.2% to $4.87 million for twelve months ended December 31, 2003, from $3.98 million for the same period as of December 31, 2002. Also, the non-interest income increased by 6.9% to $1.90 million for the twelve months ended December 31, 2003, from $1.77 million for the same period ended December 31, 2002.

Calwest Bancorp – PRESS RELEASE SOUTH COUNTY BANK REPORTS THIRD QUARTER 2003 RESULTS (October 23rd, 2003)

October 22, 2003 – South County Bank, a wholly owned subsidiary of CalWest Bancorp (OCTBB – CALW) reported financial results for the nine months ended September 30, 2003. The Bank’s net income decreased by 20.1% to $522,000 compared to net income of $653,000 as of September 30, 2002. However, on a pre-tax basis, income as of September 30, 2003 increased by 6.1% to $572,000 compared to $539,000 as of September 30, 2002.

Calwest Bancorp – PLAN OF REORGANIZATION (August 5th, 2003)

THIS PLAN OF REORGANIZATION ("Agreement") is made and entered into as of the 8th day of May 2003, among South County Bank, N.A. ("Bank") and CalWest Bancorp ("Holding Company").