Affinity Bank
FOR IMMEDIATE RELEASE
May 19, 2004

Affinity Bank Announces Prepayment Penalty Buy-out Option for Commercial and Multi-family Loans

Ventura, California. Affinity Bank, a local Institutional Commercial, Multi-family, and Construction Lender, announced last week that it had introduced a prepayment penalty buy-out option on commercial and multi-family loan programs and would continue to offer no prepayment penalty on 6-month LIBOR loans.

David Mahan, Affinity Bank executive vice president and chief credit officer, said, “We’ve added the prepayment penalty buy-out option to our 1-year adjustable and 3 and 5 year fixed rate loans to give our borrowers more options. Today, a borrower has the option to eliminate all exit fees on every loan we make.”

Mr. Mahan said that currently most lenders may require an exit fee(s) on just about every type of mortgage program. Such fees take the form of a lock-out, defeasance, yield maintenance, or a step down prepayment penalty. Affinity Bank’s prepayment penalty buy-out option eliminates all such fees.

Complete information on Affinity Bank’s commercial, multi-family and construction loans, including the prepayment penalty buy-out option and current rates, is available by calling Affinity Bank at 877-862-7245 or online at: www.affinitybankloans.com.

About Affinity Bank
Affinity Bank is headquartered in Ventura, California. The $860 million asset bank, which specializes in commercial and multi-family real estate lending, as well as a wide range of competitively priced savings products, operates real estate loan offices in San Diego, Irvine, Sacramento, San Francisco, Ventura, Pasadena, San Bernardino, Denver, Colorado and Phoenix, Arizona. Retail deposit branches are located in Irvine, San Francisco, Pacific Palisades and Ventura.

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