Orange County Business Bank (the “Bank”) (OTCBB:OCBB) announced financial results for the period ended September 30, 2014.

The Bank’s net income for the nine months ended September 30, 2014 was $2.3 million versus net income of $755 thousand for the same period in 2013. The Bank reported net income for the third quarter of 2014 of $2.2 million versus net income of $106 thousand for the same period in 2013.

The Bank’s net interest income for the nine months ended September 30, 2014 was $4.5 million versus $4.2 million for the same period in 2013. Net interest income for the three months ended September 30, 2014 was up slightly at $1.7 million versus $1.6 million a year ago.

The Bank continues to have success in recovering money on problem loans as they pay off or pay down their contractual obligations. These problem loans had previously been written down as required under accounting and regulatory requirements. The Bank experienced its largest principal and interest recovery from a single borrower during the third quarter of 2014 allowing for the release of the allowance back into income during the three months ended September 30, 2014 of $1.9 million compared to no provision or release of the allowance for loan and lease losses during the same period in 2013. For the first nine months of 2014, the Bank has released $2.1 million of the allowance back into income compared to a release of $759 thousand for the same period a year ago.

As a result of the Bank’s net income in addition to the active improvement in the performance of the Bank’s investment portfolio during the first nine months of the year, total shareholders’ equity increased by $3.5 million.

Non-interest income for the nine months ended September 30, 2014 was $409 thousand versus $379 thousand for the same period in 2013. Non-interest income for the third quarter of 2014 was $139 thousand versus $119 thousand for the same period last year.

The Bank’s non-interest expense for the nine months ended September 30, 2014 as well as the same period for 2013 was $4.6 million each, respectively. Non-interest expense was down for the third quarter of 2014 over the same period in 2013, $1.5 million versus $1.6 million, respectively.

In addition to continued profitability, the Bank grew assets by more than 8% during the first nine months of 2014. At September 30, 2014, the Bank’s assets totaled $201.6 million, with loans totaling $122.6 million, and deposits totaling $141.6 million. As of September 30, 2014, the Bank had a ratio of Shareholders’ Equity to Total Assets of 20.1%. The Bank’s capital ratios continue to far exceed regulatory guidelines for “well-capitalized” institutions.

Orange County Business Bank offers complete relationship banking services for locally owned and operated businesses, professional practices and commercial/industrial companies of Orange County and adjacent markets. The Bank’s services include a broad selection of depository as well as business loans and commercial real estate financing products uniquely designed for each client. The Bank maintains its offices at 17901 Von Karman, Suite 100, Irvine, California 92614. The Bank’s website is www.ocbusinessbank.com.

This press release includes ‘forward-looking’ statements within the meaning of Section 27A of the Securities Act. All of the statements contained in this press release, other than statements of historical fact, should be considered forward-looking statements, including but not limited to, any statements which may concern (i) the Bank’s strategies, objectives and plans for expansion of its operations, product and services, and growth of its portfolio of loans, deposits and investments, (ii) the Bank’s beliefs and expectations regarding actions that may be taken by regulatory authorities having oversight of the Bank, (iii) the Bank’s beliefs as to the adequacy of the allowance for loan losses, and (iv) the Bank’s beliefs and expectations of the future operating results. Although the Bank believes the expectation reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. All subsequent written and oral forward-looking statements by or attributable to the Bank or persons acting on its behalf are expressly qualified in their entirety by this qualification. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and are not intended to give any assurance as to future results. The Bank undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

      Three Months Ended September 30,       Nine Months Ended September 30, 2014       2013 2014       2013   Operating Data Interest income $ 1,819,000 $ 1,766,000 $ 4,981,000 $ 4,657,000 Interest expense   163,000     165,000     476,000     453,000   Net interest income 1,656,000 1,601,000 4,505,000 4,204,000 Provision for loan and lease losses   (1,922,000 )   -     (2,079,000 )   (759,000 ) Net interest income after provision for loan and lease losses 3,578,000 1,601,000 6,584,000 4,963,000 Non interest income 139,000 119,000 409,000 379,000 Non interest expense   1,522,000     1,614,000     4,648,000     4,587,000   Income before provision for income taxes 2,195,000 106,000 2,345,000 755,000 Provision for income taxes   -     -     -     -   Net income $ 2,195,000   $ 106,000   $ 2,345,000   $ 755,000     Per Share Data and Other Ratios Net Earnings – Basic $ 0.46 $ 0.02 $ 0.50 $ 0.16 Return on Average Assets 4.34 % 0.21 % 1.62 % 0.55 % Return on Average Equity 22.66 % 1.15 % 8.20 % 2.64 % Net Interest Margin 3.37 % 3.31 % 3.24 % 3.20 %     30-Sep-14 31-Dec-13 Balance Sheet Data and Related Ratios Total Assets $ 201,627,000 $ 186,448,000 Total Loans 122,558,000 109,766,000 Allowance for Loan Losses (ALLL) 1,800,000 1,698,000 Investment Securities 52,093,000 58,125,000 Total Deposits 141,618,000 129,953,000 Total Shareholders’ Equity 40,602,000 37,077,000 ALLL as a Percentage of Total Loans 1.47 % 1.55 % Book Value $ 8.59 $ 7.85 Actual Number of Shares Outstanding 4,724,576 4,724,576

Orange County Business BankJP GoughChairman & CEOPhone: 949-221-0001Fax: 949-225-1500jpgough@ocbusinessbank.comorVictor E. GuerreroExecutive Vice PresidentChief Financial OfficerPhone: 949-999-2642Fax: 949-225-1500vguerrero@ocbusinessbank.com