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New Resource Bank Presents Quarterly Financial Results for the First Quarter ended March 31, 2008

San Francisco – April 16, 2008
New Resource Business Bank (OTCBB: NWBN), announced unaudited financial results for the quarter ended March 31, 2008.

In the first quarter of operations, the bank’s total assets grew to $170.4 million with $149.5 million in deposits and $86.9 million in gross loans.

"We continue to perform well, growing assets by $44.0 million in the first quarter and $115.2 million from the prior year," stated President Clay Jones. Loans grew by $24.9 million in the quarter and $78.6 million from a year ago. "Our asset growth remains strong as the bank continues to gain new clients and expand existing relationships within our community. Additionally, we continue to expand the team in customer service, relationship management, and credit and risk management to deliver exceptional banking services to our growing client base."

"We are very pleased that existing clients have become a steady referral source for new clients, who are attracted not only by our deeper understanding of their business, but also by testimonies on the level of service," says Founder and Vice Chairman Peter Liu.

The following is a summary of selected balance sheet items:

The Bank reported a loss of $837,577 for the quarter ended March 31, 2008, compared to a loss of $603,770 for the quarter ended March 31, 2007.

Summary income information for the quarters ended December 31, 2007 and March 31, 2008 is as follows:

The increase in net interest income for the quarter ended March 31, 2008 compared to the quarter ended March 31, 2007 was driven by assets and loan growth. Non-interest expense growth is driven by building the staffing level of the bank commensurate with asset growth. Loan to deposit ratio for the quarter ended March 31, 2008 is 58% compared to 25% in the quarter ended March 31, 2007. "In the last 12 months, the Federal Reserve has lowered interest rates by 3%, which has limited the interest income from of our variable loan portfolio. However, we remain on-track in our path to profitability thanks to our continuing strong asset growth," says Jones.

This release contains forward-looking statements, such as statements about certain plans, expectations, goals, and projections which are subject to numerous risks and uncertainties. Such risks and uncertainties may include but are not necessarily limited to fluctuations in interest rates, inflation, government regulations and general economic conditions, including the real estate market in California, the adequacy of the Bank’s allowance for loan losses, and other factors beyond the Bank's control. Such risks and uncertainties could cause results for subsequent interim periods or for the entire years to differ materially from those indicated. Readers should not place undue reliance on the forward-looking statements, which reflect management's view only as of the date hereof. The Bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.

New Resource Bank is one of California's fastest growing new banks. The bank is committed to setting a new standard in customer service while financing efficient and sustainable resources in its community. The Bank is founded by leading entrepreneurs, along with seasoned banking executives from national and local community banks.