SOURCE: Vineyard National Bancorp

November 29, 2007 16:29 ET

/ CORRECTION - Vineyard National Bancorp Announces Cash Dividend on Its 7.50% Series D Non-Cumulative Preferred Stock

CORONA, CA--(Marketwire - November 29, 2007) - In the news release, "Vineyard National Bancorp Announces Cash Dividend on Its 7.50% Series D Non-Cumulative Preferred Stock," issued earlier today by Vineyard National Bancorp (NASDAQ: VNBC), we are advised by the company that the first sentence of the first paragraph should read "Vineyard National Bancorp (NASDAQ: VNBC) (the "company") announced today that its Board of Directors declared a cash dividend on its 7.50% Series D Non-Cumulative Preferred Stock ("Series D preferred") in the amount of $0.1875 per share, payable on December 17, 2007 to shareholders of record as of December 6, 2007." rather than "Vineyard National Bancorp (NASDAQ: VNBC) (the "company") announced today that its Board of Directors declared a cash dividend on its 7.50% Series D Non-Cumulative Preferred Stock ("Series D preferred") in the amount of $0.1875 per share, payable on December 17, 2007 to shareholders of record as of December 3, 2007." as originally issued. Complete corrected text follows:

Vineyard National Bancorp Announces Cash Dividend on Its 7.50% Series D Non-Cumulative Preferred Stock

CORONA, CA -- November 29, 2007 -- Vineyard National Bancorp (NASDAQ: VNBC) (the "company") announced today that its Board of Directors declared a cash dividend on its 7.50% Series D Non-Cumulative Preferred Stock ("Series D preferred") in the amount of $0.1875 per share, payable on December 17, 2007 to shareholders of record as of December 6, 2007. The Series D preferred was issued on June 26, 2007. The Series D preferred trades on the American Stock Exchange (AMEX®) under the ticker symbol VXC.PR.D.

The company is a $2.5 billion financial holding company headquartered in Corona, and the parent company of Vineyard Bank, N.A. ("Vineyard"), also headquartered in Corona. Vineyard operates through 16 full-service banking centers and four regional financial centers in the counties of Los Angeles, Marin, Monterey, Orange, Riverside, San Bernardino, San Diego and Ventura, Calif. The company's common stock is traded on the NASDAQ Global Market System under the symbol "VNBC." For additional information on the company visit www.vnbcstock.com or for additional information on Vineyard and to access internet banking, please visit www.vineyardbank.com.

This press release may contain forward-looking statements as referenced in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are inherently unreliable and actual results may vary. Factors which could cause actual results to differ from these forward-looking statements include changes in the competitive marketplace, changes in the interest rate environment, economic conditions, outcome of pending litigation, risks associated with credit quality and other factors discussed in the company's filings with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.