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Bay Commercial Bank and Bank On It, Inc. Announce Definitive Agreement to Acquire Community Bank of San Joaquin

Bay Commercial Bank and Bank On It, Inc. Announce Definitive Agreement to
Acquire Community Bank of San Joaquin

WALNUT CREEK, Calif. and STOCKTON, Calif., Jan. 16, 2014 (GLOBE NEWSWIRE) --
Bay Commercial Bank (OTCBB:BCML)and Bank On It, Inc., (OTCBB:BKOT)parent
company of Community Bank of San Joaquin, announced today that they have
entered into a definitive agreement pursuant to which Bay Commercial Bank will
acquire Community Bank of San Joaquin for approximately $4.8 million, less
certain expenses and other adjustments. The total assets of the combined banks
on a pro forma basis at September 30, 2013 are approximately $445.0 million.
The merger is expected to be immediately accretive to book value and to
earnings per common share. The transaction was approved by the Boards of
Directors of both banks. Completion of the transaction is subject to
regulatory and shareholder approvals. It is anticipated the transaction will
close in the second quarter of 2014.

Bank On It, Inc and Community Bank of San Joaquin will be merged into Bay
Commercial Bank. The shareholders of Bank On It, Inc. will receive their
consideration in cash.Bank On It Inc.'s currently outstanding trust preferred
securities and other debt will be repaid concurrent with the closing of the
merger. The agreement also contains customary representations, warranties,
termination fees and other covenants customary for a transaction of this
nature.

George Guarini, President and CEO of Bay Commercial Bank, stated "We look
forward to capitalizing on the strengths of both banks. Combined, we will
continue to build on our strong capital base expanding our menu of services.
When consummated, this union will be a key step in our strategy to augment our
growth through organic and external means. The seven branches of the combined
banks will allow us the opportunity to extend client reach in serving the five
counties of Contra Costa, Santa Clara, Alameda, Napa and San Joaquin.We
provide a mix of commercial, industrial and real estate loans and loans
guaranteed by the Small Business Administration, Farm Service Agency, as well
as our tax-free exchange and escrow services. We will now add Agricultural
Lending and Trust products to our mix of services.The deposit generating
capacity of the Stockton branches combined with the additional diversification
of the combined loan portfolio adds to the value of this merger.At Bay
Commercial Bank we say 'It's About the Client.'We believe it, we take it
seriously and we show it."

John McGrath, President and CEO of Community Bank of San Joaquin, stated,
"Community Bank of San Joaquin has successfully served the greater Stockton
community for 14 years. We are pleased to join forces with Bay Commercial
Bank, a strong, profitable, and respected banking organization."

Community Bank of San Joaquin operates two banking offices in Stockton,
California, and, at September 30, 2013, total assets of $118.5 million.
Community Bank of San Joaquin and its holding company Bank On It, Inc. opened
in November 1999.Bank On It, Inc currently trades on the Over the Counter
Bulletin Board under the symbol "BKOT". More information on the company is
available at www.communitybanksj.com.

Bay Commercial Bank, headquartered in Walnut Creek, California began business
in July 2004 and trades on the Over the counter Bulletin Board under the
symbol "BCML". At September 30, 2013, Bay Commercial Bank had total assets of
approximately $327.0 million with five banking offices in Northern California.
More information about Bay Commercial Bank may be obtained by visiting
www.baycommercialbank.com.

Bay Commercial Bank is being represented by Gary Steven Findley & Associates
while Bank On It, Inc. is being represented by the investment banking firm FIG
Partners, LLC and Bingham McCutchen, LLP as its legal advisor.

Forward-Looking Statements

Certain statements in this press release contain forward-looking statements
that are based on management's expectations, estimates, projections and
assumptions. Words such as "expects," "anticipates," "plans," "believes,"
"scheduled," "estimates" and variations of these words and similar expressions
are intended to identify forward-looking statements. Forward-looking
statements are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, as amended. These statements are not
guarantees of future performance and involve certain risks and uncertainties,
which are difficult to predict. Therefore, actual future results and trends
may differ materially from what is forecast in forward-looking statements due
to a variety of factors.

All forward-looking statements speak only as of the date of this press
release. All subsequent written and oral forward-looking statements
attributable to either Bay Commercial Bank or Bank On It, Inc. or any person
acting on their behalf are qualified by the cautionary statements in this
press release. Bay Commercial Bank and Bank On It, Inc. do not undertake any
obligation to update or publicly release any revisions to forward-looking
statements to reflect events, circumstances or changes in expectations after
the date of this press release.

This press release may be deemed to be solicitation material in respect of the
proposed merger of Bank On It, Inc. with a wholly owned subsidiary of Bay
Commercial Bank. Bank On It, Inc. intends to send its shareholders a proxy
statement regarding the proposed merger. Before making any voting or
investment decision, investors and security holders of Bank On It, Inc. are
urged to carefully read the entire proxy statement, when its becomes
available, because it will contain important information about the proposed
transaction.

CONTACT: Bay Commercial Bank
         Keary Colwell, CFO
         (925) 476-1805
        
         Community Bank of San Joaquin
         John McGrath, President & CEO
         (209) 955-8712

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