SOURCE: Desert Community Bank

February 16, 2006 12:35 ET

DCB Moves Dirt in Phelan

VICTORVILLE, CA -- (MARKET WIRE) -- February 16, 2006 -- Ronald L. Wilson, Chairman, President, and CEO of Desert Community Bank (the "Bank") (NASDAQ: DCBK), announced that construction on the Bank's ninth customer service facility has begun. Graders are on site at the corner of Johnson Road and Phelan Road in Phelan, California where a 4,500 square foot full service branch will be built.

Mr. Wilson said that the phone is already ringing with high expectations from residents in Phelan and the surrounding area to include Pinon Hills, Baldy Mesa, Oak Hills and Wrightwood. There is only one bank serving an area with a population of over 30,000 and people really want a choice.

"This branch will fill a void that exists in a growing, prosperous community," Wilson said. "The Snowline Unified School District is effectively managing unprecedented growth and it stands to reason that a community of this significance needs more than one financial institution for loans and deposits," Wilson continued.

The branch will open toward the end of the third quarter in 2006. Rosella Bernal, who has been with the Bank over 16 years, has been pegged to be the Branch Manager. Ms. Bernal said, "I am thrilled to have this opportunity with DCB. I believe a vast number of doors will be open to our Bank in Phelan. Our reputation for superior customer service and utilizing the advantage we have as the area's only hometown bank will be fantastic for the community."

DCB just completed its best ever year in earnings. Net after tax profits increased from $4.9 million in 2004 to $6.8 million at the end of 2005. The addition of the Phelan office will help DCB maintain its number one ranking in the High Desert.

Desert Community Bank is based in Victorville, California, and operates eight full-service branches in San Bernardino County in the cities of Victorville, Apple Valley, Hesperia, Wrightwood, Adelanto and Barstow. Shares of the Bank's common stock are traded on the NASDAQ Small Cap Market System under the symbol "DCBK." To obtain a copy of any of the Bank's public filings, or to obtain additional information, please visit the Bank's web site at http://www.dcbk.org or contact Mr. Ronald L. Wilson, President and CEO, or John G. Sullivan, Chief Financial Officer at (760) 243-2140.

Contact Information

  • Contact:
    Ronald L. Wilson
    Chairman/President/CEO
    (760) 243-2140, Ext. 1001
    Email Contact