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Bank of Napa Reports 2010 Growth and Profitability

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					Bank of Napa Reports 2010 Growth and
Profitability
January 27, 2011 04:48 PM Eastern Time  

NAPA, Calif.--(EON: Enhanced Online News)--Bank of Napa, N.A. (OTCBB: BNNP) announced its financial
results for the year 2010, which included $247,000 in net income, its first annual profit since its founding in August of
2006, and a substantial improvement over the $668,000 loss posted in 2009. Fourth quarter 2010 earnings were
$210,000, which compares favorably to the $126,000 loss posted last year.

“We are pleased with our 2010 financial results,” said Tom LeMasters, President and Chief Executive Officer. "We
have achieved significant growth, maintained the quality of our loan portfolio and produced a profit, all of which, in
these challenging economic times, is noteworthy.” 

Bank of Napa’s total deposits at December 31, 2010 were $89.0 million, an increase from 2009 of $21.4 million.
Loan totals at December 31, 2010 were $76.2 million, an increase of $12.8 million from last year. Bank of Napa
had total assets of $106.0 million at December 31, 2010, representing a $21.7 million or 25.7% increase over the
same period last year.

“We continue to be excited about our future,” said LeMasters. “While many banks are struggling, our focus on
conservative banking practices and developing a rapport with customers has put us in a great position to serve our
community.” 

At December 31, 2010, the bank had equity capital of $16.7 million, and all capital ratios were in excess of the
regulatory definition for “well capitalized” distinction.

               Dec. 31, 2010 Dec. 31, 2009 $ Increase
Total Assets $105,962,000 $84,266,000 $21,696,000
Total Loans $76,229,000 $63,403,000 $12,826,000
Total Deposits $88,953,000 $67,516,000 $21,437,000
Net Income $247,000          ($668,000)    $915,000

Bank of Napa, N.A. is located at the corner of Redwood Road and Solano Avenue at 2007 Redwood Road, Suite
101 in the Redwood Plaza near Vallerga’s Market in Napa, CA.

Information contained herein may contain certain forward-looking statements that are based on management’s
current expectations regarding economic, legislative, and regulatory issues that may impact the Bank’s earnings in
future periods. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or
current facts. They often include the words “believe,” “expect,” “intend,” “estimate” or words of similar meaning, or
future or conditional verbs such as “will,” “would,” “should,” “could” or “may.” Factors that could cause future
results to vary materially from current management expectations include, but are not limited to, general economic
conditions, changes in interest rates, deposit flows, real estate values, and competition; changes in accounting
principles, policies or guidelines; changes in legislation or regulation; and other economic, competitive, governmental,
regulatory and technological factors affecting the Bank’s operations, pricing, products and services. The Bank
undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may
be made to reflect events or circumstances after the date of this press release or to reflect the occurrence of
unanticipated events.
Contacts
Bank of Napa, N.A.
M. T. LeMasters, 707-257-7777
President & CEO

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Description: NAPA, Calif.--(EON: Enhanced Online News)--Bank of Napa, N.A. (OTCBB: BNNP) announced its financial results for the year 2010, which included $247,000 in net income, its first annual profit since its founding in August of 2006, and a substantial improvement over the $668,000 loss posted in 2009. Fourth quarter 2010 earnings were $210,000, which compares favorably to the $126,000 loss posted last year. “We are pleased with our 2010 financial results,” said Tom LeMasters, President and Chief Execu a style='fon
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