SOURCE: Bank On It, Inc.

December 18, 2007 09:00 ET

Bank On It, Inc. Announces Stock Dividend

SACRAMENTO, CA--(Marketwire - December 18, 2007) - 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 14, 2007 payable on December 31, 2007. 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.

About Community Bank of San Joaquin

Community Bank of San Joaquin, whose headquarters is at 22 West Yokuts Avenue, Stockton opened in 1999. Its second branch serves the East Stockton area and is located at 4426 East Waterloo Road. Locally owned and locally managed, Community Bank is truly a "full service bank" which specializes in banking for small businesses. It offers a variety of business and personal banking services, including commercial lending, cash management, 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 or Jane Butterfield
    Community Bank of San Joaquin
    209-956-7000