Fresno, California  (April 15, 2007) - To Our Shareholders, 2006 was the first and most important year for Fresno First Bank.  Since we opened for business in late 2005, we have experienced substantial growth and expansion.  With the accomplishments of 2005 and 2006 behind us, we are enthusiastically looking toward 2007.  In the next year, we hope to make our mark in Fresno and the surrounding areas as we strive to become profitable. In our development of Fresno First Bank’s culture, we have continued to differentiate ourselves from our peers in our drive for results.  We have brought together an outstanding team of professional bankers who have the ability to expertly handle the banking needs of our niche clientele and who focus on consistently delivering a high level of distinct service which we believe is unequaled in our market.  At Fresno First Bank we have the ability to attract, retain, and grow an entrepreneurial and energetic team, a team that involves everyone from the directorship, board officers and each employee.  We believe in the coming years our growth will continue and our efforts will be reflected in our share value.  The culture within our company remains our top priority as we move into 2007. Very best regards,   David L. Price Chairman of the Board