Coronado First Bank Nominates Tom Page to Succeed Jerry Sanders on Board

CORONADO, Calif.–(BUSINESS WIRE)–The Board of Directors of Coronado First Bank (the “Bank”) (OTCBB:CDFB) has nominated Thomas A. Page, the former President and CEO of San Diego Gas & Electric Company, to serve on the Bank’s Board. If elected at the Bank’s Annual Meeting on July 30th, Mr. Page would fill the Board seat being vacated by San Diego Mayor Jerry Sanders. Mr. Sanders has been a Director of Coronado First Bank since its founding in 2005. Mr. Page had been the President and CEO of SDG&E since 1981 and was instrumental in the founding of Sempra Energy. In addition to his activity in a variety of industry, community and civic organizations, Mr. Page was also the Chairman of the Board of Cuyamaca Bank, where he worked with Bruce Ives, now President and CEO of Coronado First. Cuyamaca merged with Community National Bank in October 2004. “No doubt about it, Tom Page knows community banking,” said Ives. “My management team and I look forward to working with him again.” “The Board of Coronado First Bank is very pleased that a corporate, community and banking leader like Tom Page will be joining us,” said Bill Huck, the Board’s Chairman. “While we will certainly miss the perspective and wisdom of Jerry Sanders, we are looking forward to working with Tom. It’s difficult to imagine replacing someone of Jerry Sanders’ stature in San Diego, but Tom Page is just such a leader.” In addition to Mr. Page, Mr. Ives and Mr. Huck, who is a Managing Director of Stone & Youngberg, a San Francisco-based investment bank, other members of the Coronado First Board include: * Todd J. Anson – Co-Founder of Cisterra Partners, LLC, a real estate development company * Dr. Rudy M. Castruita – Retired Superintendent of San Diego County Office of Education * Barbara J. DeMichele – Coronado resident and business owner * Kathleen A. Koop – Sales Assoc. of Prudential California Realty * Edward H. Martin – Retired Vice Admiral U.S. Navy * M. Faye Wilson, former Executive Vice President and Chief Credit Officer of Bank of America’s National Consumer Banking Group Coronado First Bank is publicly traded on the Over-the-Counter Bulletin Board, ticker symbol: “CDFB”. For more information on the Bank please contact: Bruce Ives at 619-437-1000 www.coronadofirst.com This press release includes forward-looking statements that involve inherent risks and uncertainties. Coronado First Bank cautions readers that a number of important factors could cause actual results to differ materially from those in the forward-looking statements. These factors include economic conditions and competition in the geographic and business areas in which Coronado First Bank operates, inflation, fluctuations in interest rates, legislation and governmental regulation. We make no promise to update any forward-looking statement, whether as a result of changes in underlying factors, new information, future events or otherwise.