CU Bancorp and California United Bank Director Kenneth J. Cosgrove to be Honored by St. Joseph Hospital Foundation

  CU Bancorp and California United Bank Director Kenneth J. Cosgrove to be
  Honored by St. Joseph Hospital Foundation

Business Wire

ENCINO, Calif. -- October 17, 2012

CU Bancorp (NASDAQ: CUNB) and its subsidiary California United Bank
(collectively “CUB” or “the Company”)  today announced that CU Bancorp
Director and California United Bank Vice Chairman Kenneth J. Cosgrove and his
wife Carolyn Cosgrove will be recognized by St. Joseph Hospital Foundation as
recipients of the “The Spirit of St. Joseph” award, the Foundation’s highest
honor.

St. Joseph Hospital Foundation is dedicated to the philanthropic support of
St. Joseph Hospital (Orange County), a nationally renowned, 525-bed,
not-for-profit Catholic hospital widely recognized for clinical excellence and
compassionate, family-centered care. Founded in 1970, the Foundation provides
support to St. Joseph Hospital through the development of charitable
contributions as well as by creating community awareness of and involvement in
the hospital.

David I. Rainer, Chairman, President and Chief Executive Officer of CU Bancorp
and California United Bank, stated, “Ken and his wife Carolyn have been donors
to St. Joseph Hospital Foundation since 1993, providing many generous gifts
over the years to support the hospital’s programs and services. Their spirit
of dedication through their own involvement, community outreach, and
charitable support has been instrumental in the development of the outstanding
healthcare and treatment offered by this premier institution. The Cosgroves
are a shining example of philanthropic commitment, and like the Foundation,
our Bank salutes them for their invaluable efforts.”

Mr. Cosgrove was appointed to the St. Joseph Hospital Foundation Board in 1992
and served as chair in 2004 and 2005, having served in every officer capacity
leading up to that leadership position. He also chaired the Finance,
Executive, and Board Development Committees and served on the Master Plan
Campaign Steering Committee. His involvement with the hospital has continued
as a member of the Hospital Leadership Council and chair of the “Investing in
a Healthy Tomorrow” campaign.

Professionally, Mr. Cosgrove has served on the Board of Directors for CU
Bancorp and California United Bank since CUB’s acquisition of Premier
Commercial Bancorp in July 2012 and recently was appointed Vice Chairman of
California United Bank. Mr. Cosgrove had served as Chairman of the Board and
Chief Executive Officer of Premier Commercial Bank, N.A. since the bank’s
inception. With over 30 years of bank management and consulting experience, he
has been actively involved in Orange County banking since 1974.

The Cosgroves will accept their award at St. Joseph Hospital’s Celebration
2012 to be held Saturday, October 20, at the Hyatt Regency Huntington Beach
Resort and Spa. Proceeds from the event will benefit the Hospital’s Robotics
and Minimally Invasive Surgery program, which expands access to innovations
that assist surgeons in performing a wide range of surgical procedures. For
additional information about the event, visit Celebration 2012.

About CU Bancorp and California United Bank

CU Bancorp is the parent of California United Bank, which recently celebrated
the seventh anniversary of its opening. California United Bank provides a full
range of financial services, including credit and deposit products, cash
management, and internet banking to businesses, non-profits, entrepreneurs,
professionals and high net worth individuals throughout Southern California
from offices in the San Fernando Valley, the Santa Clarita Valley, the Conejo
Valley, Simi Valley, Los Angeles, South Bay, and Orange County. To view CU
Bancorp and California United Bank’s most recent financial information, please
visit the Investor Relations section of the Bank’s Web site. Information on
products and services may be obtained by calling 818-257-7700 or visiting the
Bank’s Web site at www.cunb.com.

Contact:

Financial Profiles, Inc.
Tricia Ross, 916-939-7285
tross@finprofiles.com