MetroPacific Bank announced the appointment of Robert Ross as Executive Vice President and Chief Credit Officer and Kathryn 'Kit' Perrine as Executive Vice President and Chief Financial Officer. Mr. Ross has over 24 years of experience in all areas of lending, and spent the last ten years as Chief Lending Officer at Spectrum Bank in Irvine, California. Mr. Ross has extensive loan work-out experience and has been located in the Orange County area for most of his career. Ms. Perrine has over 30 years experience in bank financial management and bank operations. Recently she was the Chief Financial Officer for a de novo bank in Los Angeles County. Ms. Perrine spent 11 years with First Bank and Trust in Huntington Beach.

MetroPacific Bank reported earnings results for the second quarter and six months ended June 30, 2008. For the quarter, the bank reported net loss of $40,000 or $0.02 per diluted share compared to a net loss of $95,000 or $0.05 per diluted share for the same time period in 2007, representing a 58% reduction in the loss between the periods. Included in the loss for the second quarter were $27,000 in stock option expense and $40,000 in recruitment expense. Net interest income of $507,000 compared to $637,000 and interest income of $1,032,000 compared to $1,090,000 for the same period last year. For the six months, the bank reported a loss of $118,000 or $0.07 per diluted share, compared to a loss of $300,000 or $0.17 per diluted share for the same period in 2007. Net interest income of $1,205,000 compared to $1,289,000 and interest income of $2,292,000 compared to $2,143,000 for the same period last year.

MetroPacific Bank reported the bank's financial results for the first quarter of 2008. The bank reported a loss of $78,000 or $0.05 per diluted share for the quarter ended March 31, 2008 compared to a loss of $205,000 or $0.12 per diluted share for the same time period in 2007, representing a 62% reduction in the loss between the periods. Included in the loss for the first quarter were $18,000 in stock option expense and $75,000 in provisions to the loan loss reserve for future, possible loan losses. Net interest income for the period was $697,000 against $651,000 for the same period a year ago. Interest income for the quarter was $1,260,000 as compared to $1,052,000 for the same period prior year.