Desert Community Bank Announces Declaration of Cash Dividend of by dag12237


12530 Hesperia Road
Victorville, California 92395
                                                                 For Immediate Release
                                                                 July 3, 2007

                                                                     Contact:    Ronald L. Wilson
                                                                                 (760) 243-2140

                                Desert Community Bank Announces
                           Declaration of Cash Dividend of $0.04 Per Share

                                Update on Merger with East West Bank

Victorville, CA – July 3, 2007 – Desert Community Bank (the “Bank”) (NASDAQ:DCBK) today
announced the Board of Directors declaration to pay a $0.04 per share dividend to shareholders of record
as of July 11, 2007. This cash dividend will be payable on or about July 31, 2007.

Mr. Wilson stated that this dividend represents the quarterly distribution for the second quarter of 2007
and is being paid approximately 30 days ahead of the normal schedule so as to complete the distributions
to shareholders prior to the planned merger with East West Bank, which is anticipated within the next two

Update on Merger with East West Bank

Mr. Wilson also announced that the planned merger with East West Bank is proceeding according to
plans, with approvals having been received from the California Department of Financial Institutions and
the California Department of Corporations. The last regulatory consent needed to complete the merger is
from the Federal Reserve Bank, whose consent is expected shortly. Mr. Wilson added that the Bank will
shortly call for a special meeting of shareholders to approve the merger agreement with East West Bank.
It is expected that the special meeting of shareholders will be called within the first ten days of August
2007 and if the merger agreement is approved as expected, the closing of the merger will take place
several days thereafter.

About Desert Community Bank

From its inception in March 1980, Desert Community Bank has been a leader in serving the needs of the
communities in which it operates. That leadership is reflected by the involvement of the Bank and its
employees in the many civic and non-profit organizations that act as its partner in enhancing the quality
of life for all. The success of the Bank’s efforts in partnership with many community leaders is reflected
in the growth of the Bank to become the largest financial institution headquartered in the High Desert.

Desert Community Bank is based in Victorville, California, and operates eight full-service branches in
San Bernardino County in the cities of Victorville, Apple Valley, Hesperia, Wrightwood, Adelanto,
Barstow and Phelan. On April 24, 2007, Desert Community Bank announced that it had entered into an
agreement to merge with and into East West Bank, which is a $10.7 billion bank headquartered in
Pasadena, California. Shares of the Bank’s common stock are traded on the NASDAQ Global Market
under the symbol “DCBK.” To obtain a copy of any of the Bank’s public filings, or to obtain additional
information, please visit our web site at or contact Mr. Ronald L. Wilson, President and
CEO, or John G. Sullivan, Chief Financial Officer at (760) 243-2140.
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This news release may contain forward-looking statements with respect to the financial condition, results of
operation and business of Desert Community Bank. These may include, but are not limited to statements that relate
to or are dependent upon estimates or assumptions relating to the prospects of loan growth, deposit growth, credit
quality, and certain operating efficiencies resulting from the operations of the Bank. These statements are subject to
various risks and uncertainties. Such forward-looking statements are made based upon management’s belief as well
as assumptions made by, and information currently available to, management pursuant to “safe harbor” provisions
of the Private Securities Litigation Reform Act of 1995. The Bank’s actual results may differ materially from the
results anticipated in forward-looking statements due to a variety of factors. Such factors are described below and
include, without limitation, (i) unanticipated deterioration in the financial condition of borrowers resulting in
significant increases in loan losses and provisions for those losses, (ii) increased competition with other financial
institutions, (iii) lack of sustained growth in the economy in the Victorville, California area, (iv) rapid fluctuations
or unanticipated changes in interest rates, (v) the inability of the Bank to satisfy regulatory requirements for its
expansion plans, and (vi) changes in the legislative and regulatory environment. Many of such factors are beyond
the Bank’s ability to control or predict, and readers are cautioned not to put undue reliance on such forward-
looking statements. The Bank does not intend to update or reissue any forward-looking statements contained in this
report as a result of new information or other circumstances that may become known to the Bank.

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