Premier Service Bank receives approval from the California Department of Financial Institutions to open a branch office in Corona, California
November 18, 2002, Riverside, California

Today, Premier Service Bank, a California state-chartered bank headquartered in Riverside, California (OTC BB:PSBK), announced that it has received approval from the California Department of Financial Institutions to open a full – service branch office in Corona, California.

The opening of the office remains subject to approval by the Federal Deposit Insurance Corporation.

With the permission to move into the Corona marketplace comes the opportunity to build on strong alliances that the Bank has already forged in the community. These alliances have been built with existing customers and shareholders from Corona as well as individual prospective clients, who are committed to bank with Premier Service Bank once the Bank establishes a full-service presence in the marketplace.

“The Board of Directors and the Senior Management Team are so pleased to be able to deliver the news of our approval to our shareholders, particularly those individuals who invested in the Bank who reside in the Corona marketplace. They shared and supported the vision we had developed for the Bank, which included from the onset a full service banking office in Corona. To be able to deliver on our promise is very gratifying for everyone involved,” Pendergast said in closing.

The office is expected to open sometime in mid 2003.

For further details contact:
Kerry L. Pendergast, President and CEO or
F. Dean Fletcher, Executive Vice President and CFO
at Premier Service Bank
(909)-274-2400