January 28, 2008 Dear Fresno First Bank Investor: During this era of less than encouraging news about the financial services industry, both nationally and internationally, we are particularly pleased to bring you up to speed on the progress of your local, community business bank. Fresno First Bank occupies an enviable position among institutions in the Central Valley and regionally. We are a relatively new, unique local bank that was established with full awareness of the challenges faced by our industry today. Simply stated, this means we are cognizant of the credit pitfalls, investment obstacles and technological opportunities that face conmiunity banking today. With this knowledge, we have been able to build an employee ownership team of established professionals that understand business, what it needs, and is able to deliver the products and services that meet those needs. At Fresno First Bank, there is no “credit crunch,” no need for excessive reserves to protect us against losses in the sub-prime market, and no inclination to hide our light under a basket. In fact, we’re quite proud to provide you a glance into our performance during 2007 that will be covered in depth in our upcoming annual report. Here are a few highlights at year end 2007: We were extremely pleased to record an increase of 28.4 percent in assets. Loans invested in our community’s businesses increased 3.4 percent. Total deposits were up 41.2 percent. Net interest income for the year increased 85 percent over 2006. Our loan to deposit ratio at year end was 69 percent. Profitability is one of the key objectives of all newly established financial institutions. We are extremely pleased that 2007 saw us take several important steps toward achieving that goal. Thanks to an aggressive effort to best structure our bank for success, we cut our previous year’s loss by more than one million dollars. In fact, excluding options expenses, we were well under our objective for the year. Our established team of customer service professionals is in place and will be with us far into the future; our technological support is superior to that of many other banks, large and small; and our future is bright. Thank you for your confidence in our company. Sincerely, David N. Price Chairman of the Board