February 19, 2009

1st Enterprise Bank (the "Bank") (OTCBB: FENB), a full-service commercial bank serving businesses and their owners in Southern California, today announced results for the year ended December 31, 2008. Total assets, loans and deposits each reached record levels, reflecting strong organic growth, the Bank's sound financial condition and continuing investment in key personnel and services.

Total assets at December 31, 2008 were $243.7 million, up 28% compared to $190.0 million at December 31, 2007. Net loans increased 75% to $122.2 million in 2008 compared to $69.7 million the prior year. Total deposits rose 32% to $215.2 million in 2008 compared to $163.6 in 2007. Net interest income after provision for loan losses was $7.2 million in 2008 compared to $4.6 million in 2007.