First California Financial Group and Premier Service Bank Terminate Merger Agreement

First California Financial Group and Premier Service Bank Terminate Merger 
WESTLAKE VILLAGE, CA and RIVERSIDE, CA -- (Marketwire) -- 01/30/13 --
  First California Financial Group, Inc. (NASDAQ: FCAL), its wholly
owned subsidiary, First California Bank (FCB) and Premier Service
Bank (OTCBB: PSBK) announced today that they have jointly agreed to
terminate that certain Agreement and Plan of Merger dated February
27, 2012, as amended, among the parties, effective January 30, 2013.
Under the terms of the Merger Agreement the transaction was to be
accomplished by December 31, 2012. As the parties were unable to
accomplish the transaction by that date, the parties have mutually
determined that it is in the best interest of both companies to
terminate the Merger Agreement. The termination agreement entered
into between the parties includes mutual general releases of all
About Premier Service Bank
 Premier Service Bank is a California
state-chartered bank with two offices, its headquarters office in
Riverside and a full-service banking office in Corona. The Bank
provides commercial banking services, including a wide variety of
checking accounts, investment services with competitive deposit
rates, on-line banking products, and real estate, construction,
commercial and consumer loans, to small and medium-sized businesses,
professionals and individuals. Additional information about Premier
Service Bank is available at its website at 
About First California
 First California Financial Group, Inc.
(NASDAQ: FCAL) is the holding company of First California Bank.
Founded in 1979 and with nearly $2 billion in assets, First
California serves the comprehensive financial needs of small- and
middle-sized businesses and high net worth individuals throughout
Southern California. Led by an experienced team of bankers, First
California is committed to providing the best client service
available in its markets, offering a full line of quality commercial
banking products through 15 full-service branch offices in Los
Angeles, Orange, Riverside, San Bernardino, San Diego, San Luis
Obispo and Ventura counties. The holding company's website can be
accessed at For additional information on First
California Bank's products and services, visit 
Forward-Looking Information
 This press release contains certain
forward-looking information about First California and Premier
Service Bank (the Companies) that is intended to be covered by the
safe harbor for "forward-looking statements" provided by the Private
Securities Litigation Reform Act of 1995. All statements other than
statements of historical fact are forward-looking statements, and
include statements related to, the monitoring of and management of
risks in the Companies' loan portfolio, the adequacy of sources of
liquidity to support the Companies' operations and strategic plans,
the monitoring of and response to changing market conditions, and the
status of the economy in the Southern California communities served
by the Companies. Such statements involve inherent risks and
uncertainties, many of which are difficult to predict and are
generally beyond the control of the Companies. The Companies caution
readers that a number of important factors could cause actual results
to differ materially from those expressed in, or implied or projected
by, such forward-looking statements. Risks and uncertainties include,
but are not limited to, revenues are lower than expected, credit
quality deterioration which could cause an increase in the provision
for credit losses, the Companies' ability to complete future
acquisitions, successfully integrate such acquired entities, or
achieve expected beneficial synergies and/or operating efficiencies
within expected time-frames or at all, changes in consumer spending,
borrowing and savings habits, technological changes, the cost of
additional capital is more than expected, a change in the interest
rate environment reduces interest margins, asset/liability repricing
risks and liquidity risks, general economic conditions, particularly
those affecting real estate values, either nationally or in the
market areas in which the Companies do or anticipate doing business
are less favorable than expected, a slowdown in construction
activity, recent volatility in the credit or equity markets and its
effect on the general economy, loan delinquency rates, the ability of
the Companies to retain customers, changes in the bank regulatory
environment, demographic changes, demand for the products or services
of the Companies as well as their ability to attract and retain
qualified people, competition with other banks and financial
institutions, the Companies' level of small business lending, and
other factors. If any of these risks or uncertainties materializes or
if any of the assumptions underlying such forward-looking statements
proves to be incorrect, the Companies' results could differ
materially from those expressed in, or implied or projected by such
forward-looking statements. The Companies assume no obligation to
update such forward-looking statements. For a more complete
discussion of risks and uncertainties, investors and security holders
are urged to read the section titled "Risk Factors" in the Companies'
Annual Report on Form 10-K and any other reports filed by it with the
Securities and Exchange Commission ("SEC"). The documents filed by
the Companies with the SEC may be obtained at the SEC's website at These documents may also be obtained free of charge from
First California by directing a request to: First California
Financial Group, Inc., 3027 Townsgate Road, Suite 300, Westlake
Village, CA 91361. Attention: Investor Relations. Telephone (805)
322-9655. Or, Premier Service Bank, 3637 Arlington Avenue, Suite B,
Riverside, CA 92506, Attention Investor Relations. Telephone (951)
For further Information: 
At First California: 
Ron Santarosa 
At Premier Service Bank:
Kerry Pendergast
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