SOURCE: Desert Community Bank

July 12, 2005 13:22 ET

Desert Community Bank Reaches Half Billion Plateau

VICTORVILLE, CA -- (MARKET WIRE) -- July 12, 2005 -- Ronald L. Wilson, Chairman, President and CEO of Desert Community Bank (NASDAQ: DCBK), announced that as of the end of June, Desert Community Bank's total assets surpassed the $500 million mark. Wilson indicated that in the first 10 years the Bank's total assets reached a high of $56 million.

The Bank started on March 5, 1980 according to Wilson. He indicated that the first decade was one of ebb and flow with substantial turnover in the Senior Loan Officer and Chief Financial Officer positions. However, the past 15 years have been a period of management stability.

In reporting the new high in assets, Wilson indicated that it was a great way to celebrate the Bank's 25th Anniversary. He attributed the Bank's growth to a solid officer core, dedicated employees and a committed Board of Directors. He also took the opportunity of this significant event to thank the people of the High Desert who have been loyal and supportive of DCB from the beginning.

Wilson indicated that the Bank's future loan growth appears optimistic as there are $100 million in pending loan applications at this time. He indicated that the deposit base is strong and continues to grow at a double digit pace. He invited the public to check out the Bank's latest of eight full service branches in the Lowe's Home Improvement Center next to Kohl's Department Store in Victorville.

DCB serves the High Desert region of Southern California with offices in Victorville, Barstow, Apple Valley, Adelanto, Hesperia and Wrightwood.

If you should have any questions please feel free to contact Mr. Wilson at rwilson@dcbk.org.

Contact Information

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