SOURCE: Vineyard National Bancorp

February 21, 2008 09:30 ET

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

CORONA, CA--(Marketwire - February 21, 2008) - 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 March 17, 2008 to shareholders of record as of March 3, 2008. 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"), 1031 Exchange Advantage Inc., and 1031 Funding & Reverse Corp (collectively, "the exchange companies"). Vineyard, also headquartered in Corona, operates through 16 full-service banking centers and three regional financial centers in the counties of Los Angeles, Marin, Orange, Riverside, San Bernardino, San Diego, Santa Clara and Ventura, Calif. The exchange companies are headquartered in Encinitas, 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 or for additional information on Vineyard and to access internet banking, please visit For additional information on the exchange companies visit

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.