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VENTURA COUNTY BUSINESS

Ventura County Earnings

Bank of Ventura Reports 120% Hike in Net Income

August 15, 2000

Bank of Ventura reported net income for the second quarter of $318,000, a 120% increase over the same period last year.

For the first six months of the year, income almost doubled to $538,000 from $276,000 for the first half of 1999. Total assets grew 13.5% to $65.4 million.

Shareholder equity increased from $5 million last year to $6 million.

Bank of Ventura, which was founded in 1988, is being bought by First Bank & Trust of St. Louis. Bank shareholders will vote on the sale at their annual meeting Wednesday. Bank of Ventura is at 5808 Telephone Road, Ventura.

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