Americas United Bank Reports Continued Growth in 2nd Quarter

Americas United Bank Reports Continued Growth in 2nd Quarter

Bank growth over 64% from December 2006


Glendale, CA–(HISPANIC PR WIRE – BUSINESS WIRE)–July 27, 2007–Americas United Bank (OTCBB: AUNB), today announced its unaudited 2007 second quarter results.

Bolstered by increased loans and deposits, the bank’s assets grew to over $56.6 million, up from $34.4 million at year-end, an increase of 64.5%. The bank reported more than $30.3 million in deposits, up from $6.9 million or a 439.1% increase from year-end. Loans increased to $20.3 million from $1.9 million at year-end, an increase of 968.4%.

Quarterly revenue was approximately $683,000 in the quarter compared to $521,000 reported for the prior quarter or a 31.0% increase. A traditional year over year quarterly comparison is not possible as the bank opened for business in November 2006.

Gilbert J. Dalmau, President and Chief Executive Officer, said, “Americas United Bank continues to show healthy growth in total assets, deposits and loans amidst highly competitive pressures and a challenging interest rate environment. We continue to be focused on our business model of attracting quality customer relationships primarily from the Hispanic community. We have a highly experienced and multi-cultural staff, and have the products and services in place to fully serve the business and personal banking needs of our existing and prospective customer base.”

Having commenced operations on November 6, 2006, as California’s first primarily Hispanic-owned bank to open in over thirty years, the bank continues to grow at a solid pace. The bank’s net loss for the 2nd quarter of 2007 was $869,000, which included $192,000 of stock compensation expense and $126,800 for provision for loan losses. It also included the bank’s significant investment in establishing a premier SBA/Commercial Capital Division without any corresponding income in the quarter. The year-to-date loss was $1,726,000. The bank’s operating losses are reflective of its start-up status and consistent with other California de novo banks.

“We have grown without relying on non-core sources of funds with non-interest bearing deposits representing about 35% of total deposits. A large portion of our deposit growth actually commenced in late February when the bank completed the implementation of its on-line cash management and remote deposit products. Our growth is based on solid customer relationships where the bank is the total solution for the customers’ banking needs. Unlike some of our competitors, who rely on non-core business, we are not subject to large swings on our balance sheet from interest rate sensitive customers,” continued Dalmau.

“Lastly, the SBA/Commercial Capital division is now fully staffed and beginning to show strong results in production, and we expect to see the positive earnings impact of that investment in the months ahead,” concluded Dalmau.

About Americas United Bank:

Americas United Bank (AUB) is the first primarily Hispanic-owned bank to open its doors in California in over thirty years. Founded by a group of respected and successful business leaders (primarily from the Hispanic community), AUB is a full service commercial bank that provides business and personal banking products and services, including business and commercial real estate loans, SBA loans, lines of credit, corporate debit and credit cards, merchant card processing, international trade solutions, and more. For more information on the Bank, please visit our website at

Certain statements in this press release, including statements regarding the anticipated development and expansion of the Bank’s business, and the intent, belief or current expectations of the Bank, its directors or its officers, are “forward-looking” statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, risks related to the local and national economy, the Bank’s performance and implementation of its business plans, loan performance, interest rates, and regulatory matters.

Americas United Bank Reports Continued Growth in 2nd Quarter