Coronado First Bank Turns Profitable In Second Quarter

Coronado, Calif. -- Business Wire – July 13, 2009--Bruce Ives, President and CEO of
Coronado First Bank (the “Bank”) (OTCBB: CDFB) announced unaudited financial
results for the second quarter ended June 30, 2009. Total assets grew to $96 million and
total deposits grew to $84 million, increases of 60% and 84% respectively, over June 30 a
year ago. During the 12 month period ended June 30, 2009, the Bank increased total
loans by 78% to $81 million. The Bank maintained a Tier I capital to average assets ratio
of 12.5% at June 30, which was in excess of the 5% required to be designated “well
capitalized” as defined by the FDIC.

The Bank reported a second quarter profit of $38,000 or 3 cents per diluted share and a
six month loss of $111,000, or 8 cents per diluted share. Of note, during this second
quarter, was the ability of the Bank to absorb the extraordinary expenses of the special
FDIC assessment and the implementation of FAS 123R relating to stock compensation
expense.

Ives stated: “We are proud to report Coronado First Bank’s first full quarter of
profitability despite the industry wide mandatory special assessment by the FDIC which
resulted in a charge of $42,422 this quarter. We continue to expand services and lending
to credit worthy borrowers which allows us to grow the Bank with safety, soundness and
capital adequacy at the forefront of our strategic plans and actions. In line with this
strategy, we have successfully opened a new full service office in Downtown San Diego
on the corner of Ash and India Streets that will allow us to expand our product offerings
to a much broader San Diego Market.”

Ives continued: “We remain focused on three specific objectives set by our Board for
this year:

1. Produce profitable results for 2009
2. Grow to at least $100 million in assets
3. Open and grow our first branch office

We are pleased that our second quarter results indicate the Bank is on track to achieve all
three of these objectives in 2009. We truly appreciate the support our shareholders,
clients and employees have demonstrated since our beginnings and look forward to
continuing the Bank’s service to our communities in the years to come.”
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.