SOURCE: Vineyard National Bancorp

January 18, 2007 09:30 ET

Vineyard National Bancorp Appoints New Chairman

CORONA, CA -- (MARKET WIRE) -- January 18, 2007 -- Vineyard National Bancorp (NASDAQ: VNBC) (the "company") and Vineyard Bank, N.A. ("Vineyard") announced that effective December 31, 2006, Frank Alvarez stepped down from his responsibilities as Chairman of the company and Vineyard.

Mr. Alvarez is one of the founding directors of Vineyard since its inception in 1981 and the company since its inception in 1988; he has served as chairman of the board since January 2000. Alvarez will continue to serve as a board member following his chairmanship.

James LeSieur has been appointed Chairman of the company and Vineyard effective January 1, 2007. Mr. LeSieur has been a board member since January 2005 and has more than thirty years of finance and business experience. Prior to his appointment with the company and Vineyard, Mr. LeSieur spent 18 plus years in executive management including the last 12 years as president and chief executive officer at Sunwest Bank, one of the largest publicly held community banks headquartered in Orange County. Mr. LeSieur also served as a management consultant for Arthur Young & Company and has extensive experience serving on the board of numerous well-known community organizations.

"The success of the company, Vineyard and the markets in which we operate makes this an exciting opportunity," stated LeSieur. "The company and its shareholders have experienced great success over the past six years with the vision and leadership of Norman Morales as president and chief executive officer. Management and the board of directors believe this change in chairmanship will complement these past successes as we continue with our strategic efforts. The company would like to extend its appreciation to Mr. Alvarez for his dedication as Chairman over the last six years and we look forward to his continued participation on the board of directors."

About Vineyard National Bancorp

The company is a $2.2 billion financial holding company headquartered in Corona, and the parent company of Vineyard, also headquartered in Corona. Vineyard operates through 16 full-service banking centers and four loan production offices in the counties of Los Angeles, Marin, Monterey, Orange, Riverside, San Bernardino, San Diego and Ventura, 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

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.

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