SOURCE: Bank On It, Inc.

December 07, 2006 09:00 ET

Bank On It, Inc. Announces Stock Dividend

STOCKTON, CA -- (MARKET WIRE) -- December 7, 2006 --The Board of Directors of Bank On It, Inc. (OTCBB: BKOT), parent company of Community Bank of San Joaquin, declared a 5% stock dividend to shareholders of record as of December 15, 2006 payable on December 29, 2006. Each shareholder entitled to a stock dividend will receive a stock certificate reflecting the amount of the dividend. Bank On It, Inc. trades on the Over-The-Counter Bulletin Board as BKOT. "Community Bank of San Joaquin has demonstrated solid performance over the past years, which we anticipate to continue. This stock dividend is a reward to our shareholders for their support since the inception of the Bank," stated Board Chairman, Rudy Croce.

Community Bank of San Joaquin, located at 22 West Yokuts Avenue, Stockton, opened in 1999. Locally owned and locally managed, Community Bank is truly a "full service bank." It offers a variety of business and personal banking services, including commercial lending and trust and investment services. Rudy Croce, Chairman of the Board, and Jane Butterfield, CEO and President, lead the Bank. For more information please call 209-956-7000 or visit www.cbsjbank.com.

Forward-looking statements:

This press release contains forward-looking statements about the Company within the meaning of the United States Private Securities Litigations Reform Act of 1995. Broadly speaking, forward-looking statements include forecasts of future financial results and condition, expectations for future operations and business, and any assumptions underlying those forecasts and expectations. They can be identified by phrases such as the Company or its management "believes," "expects," "anticipates," "foresees" or other words of similar import. The reader of this press release should not unduly rely on forward-looking statements. Actual outcomes and results might differ significantly from forecasts and expectations.

Contact Information

  • Contact:
    Rudy Croce
    Jane Butterfield
    Community Bank of San Joaquin
    209-956-7000