The Bank’s total assets at March 31, 2002 increased 19.2%, from $121.2 million at December 31, 2001 to $144.6 million at March 31, 2002. Pacific State Bank’s net loans grew $5.1 million, from $97.1 million to $102.2 million, representing an increase of 5.2% for the same period. Total deposits grew to $133.8 million at March 31, 2002, or 20.4%, compared to $111.1 million at December 31, 2001. The increase in loans and deposits is attributable to the consummation of the purchase loans and assumption of deposits from the Stockton Office of California Bank & Trust.

Steven A. Rosso, President and CEO, stated, "Pacific State Bank has established itself as a leading community bank in San Joaquin, Stanislaus, Calaveras and Tuolumne Counties and the Bank is poised to continue its solid asset growth and core earnings for the balance of 2002."

In other related news, on April 8, 2002 Gary S. Findley, President of The Findley Reports on Financial Institutions, a prominent bank rating company, named Pacific State Bank a "Premier Performing Bank", again, for the year 2001. The Bank is rated on growth, earnings, capital and performance. Pacific State Bank was honored with this award. Also, as mentioned above, the Bank successfully completed the acquisition of loans and deposits from the Stockton Office of California Bank & Trust, ("CB&T"). Along with the loans and deposits, most of the employees from CB&T’s Stockton Office also joined the Bank. We welcomes the customers and employees from CB&T!

Pacific State Bank is conducting its 15th annual meeting on Thursday, May 9th, beginning at 4:00 p.m.. The meeting will be held at the Bank’s headquarters located at 6 South El Dorado Street in downtown Stockton. For further information you may call Sally Stein at 209 956-8890.

Pacific State Bank maintains two Branch offices in Stockton with its Main Office located in the heart of Stockton and Branch Offices in Angels Camp, Arnold, Groveland, Modesto and Tracy. The Bank’s strategy is to provide quality financial services to small and middle market commercial businesses, real estate construction, mortgage and development companies and individuals, executives and professionals located in our market communities. Pacific State Bank is a national leader in the underwriting of U.S. Department of Agriculture Business and Industry loans, as well as a Preferred Lender for this program. The Bank also provides Farmer Service Agency loans, FarmerMac I & II loans, Part-Time Farmer Mortgages and Small Business Administration 7A and 504 loans.

Visit Pacific State Bank's website at: www.pacificstatebank.com