Americas United Bank, the Largest Hispanic-Owned Bank Based in California, Reports Record Assets at June 30, 2009

Americas United Bank (OTCBB: AUNB) today announced its unaudited 2009 second quarter results. As of June 30, 2009, the company had total assets of $119.4 million or a 6.2% increase over the December 31, 2008 year-end total assets of $112.4 million.

As of June 30, 2009, the company grew total loans to $104.2 million, or a 21.2% increase over the December 31, 2008 balance of $86.0 million. Total deposits increased to $87.6 million or 10.9% over the December 31, 2008 balance of $79.0 million.

“I am pleased to report that amidst these very challenging times, AUB continues to grow in a safe and sound manner, and is well-positioned to take advantage of market opportunities that exist in the market today,” said Gilbert J. Dalmau, President and Chief Executive Officer of Americas United Bank.

Dalmau continued, “Although the economy seems to be stabilizing, it is still quite fragile and uncertainty persists. To reflect the uncertain times, we have reduced our cost structure and improved efficiencies throughout the organization. Concurrently, we are strengthening our sales team to ensure that we maintain our momentum in achieving our growth objectives.”

Second-Quarter financial highlights include:

• Total assets of $119.4 million at June 30, 2009, a 6.2% increase over $112.4 million at December 31, 2008.
• Gross loans of $104.2 million at June 30, 2009, an increase of 21.2 percent from December 31, 2008 total of $86.0 million.
• Allowance for loan loss maintained at 1.87 percent of gross loans at June 30, 2009, which compares favorably to that of many of the bank’s peer group.
• Total deposits of $87.6 million at June 30, 2009, an increase of 10.9% from December 31, 2008 total of $79.0 million.
• Second quarter 2009 operating revenue increased to $1,533,000 from $1,492,000 for the same period in 2008 primarily due to higher volumes, but offset by lower market interest rates.
• Operating net loss year-over-year decreased to $864,000 for the second quarter of 2009 or -$0.30 per basic share compared to $902,000 or -$0.31 for the same period in 2008. Financial performance was negatively impacted by low market interest rates, a special FDIC assessment charge, no SBA Gain on Sale income, and by increased loan loss provision expense related to strong loan growth in the second quarter and some weakness in the SBA loan portfolio originated in 2007 before the economic recession.

Dalmau summarized, “Despite the difficult economic times, the Bank had a record month in June extending almost $8 million in loans, demonstrating our commitment and capacity to fulfilling the borrowing needs of the communities we serve. Additionally, our credit quality remains sound with no past due or non-performing conventional (non-SBA) commercial real estate or commercial and industrial loans.”

The Bank’s capital ratios continue to be well in excess of the required levels to be considered well capitalized. The Tier 1 Leverage Ratio was 18.52%, Tier 1 Risk Based Capital Ratio was 19.27%, and the Total Risk Based Capital Ratio was 20.53%.

Basic and diluted loss per share for the 2nd quarter of 2009 were -$0.30, as compared to basic and diluted loss per share of -$0.31 for the same period of 2008. Book value per share was $7.68 at June 30, 2009.

Having commenced operations on November 6, 2006, as California’s first Hispanic-owned Bank to open in over thirty years, the Bank continues to grow and has achieved the distinction of being the largest Hispanic-owned Bank based in California. The Bank’s operating losses are reflective of its start-up status and consistent with other California de novo Banks.

About Americas United Bank:

Americas United Bank (AUB) is the first Hispanic-owned bank to open its doors in California in over thirty years. Founded by a group of respected and successful business leaders (primarily from the Hispanic community), AUB is a full service commercial bank that provides business and personal banking products and services, including business and commercial real estate loans, SBA loans, lines of credit, corporate debit and credit cards, merchant card processing, international trade solutions, and more. For more information on the Bank, please visit our website at www.aubank.com.

Certain statements in this press release, including statements regarding the anticipated development and expansion of the Bank’s business, and the intent, belief or current expectations of the Bank, its directors or its officers, are “forward-looking” statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, risks related to the local and national economy, the Bank’s performance and implementation of its business plans, loan performance, interest rates, and regulatory matters.

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