Notices

Communities First Financial Corporation Earns Record $2.13 Million for 1Q19; Up 45% Over 1Q18; Fueled by a Strong Net Interest Margin, Solid Loan Growth and Improved Operating Efficiencies

Fresno, CA – April 11, 2019 – Communities First Financial Corporation (the "Company") (OTCQX: CFST), the parent company of Fresno First Bank (the "Bank"), today announced record profits for the first quarter ended March 31, 2019. Net income increased 45% to $2.13 million, or $0.71 per diluted share, for the first quarter of 2019, compared to $1.46 million, or 0.50 per diluted share, for the first quarter of 2018. For the fourth quarter of 2018, net income was $1.62 million, or $0.55 per diluted share. All results are unaudited.

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Communities First Financial Corporation 2018 Profits Grow to $6.25 Million, or $2.14 Per Diluted Share

Fresno, CA – January 22, 2019 – Communities First Financial Corporation (the "Company") (OTCQX: CFST), the parent company of Fresno First Bank (the "Bank"), today reported net income of $1.62 million,

or $0.55 per diluted share for the fourth quarter of 2018, compared to $877,000, or $0.30 per diluted share for the fourth quarter of 2017. For the third quarter of 2018, net income was $1.63 million, or $0.56 per diluted share. For the year ended December 31, 2018, net income was $6.25 million, or $2.14 per diluted share, compared to $3.68 million, or $1.28 per diluted share for the year ended December 31, 2017.

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Communities First Financial Corporation Earns $1.63 Million in 3Q18, or $0.56 per Diluted Share, Up 54% from 3Q17; Net Interest Margin Expands to 4.55%

Fresno, CA – October 12, 2018 – Communities First Financial Corporation (the "Company") (OTCQX: CFST), the parent company of Fresno First Bank (the "Bank"), today reported record profits for the third quarter of 2018 and for the first nine months of 2018.

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Communities First Financial Corporation Establishes New Los Angeles Commercial Lending Team; Dave Anderson, Karen Kim and Veronica Carrera Launch Loan Production Office in Torrance, California

Fresno, CA – September 18, 2018 –Communities First Financial Corporation (the "Company") (OTCQX: CFST), the parent company of Fresno First Bank (the "Bank"), today announced that a new commercial lending team has joined the Bank, expanding its presence in Southern California. Dave Anderson, Executive Vice President and Regional Credit Head and Karen Kim, Senior Vice President, Regional Sales Director, will lead the commercial lending team joined by Veronica Carrera, Vice President, Senior Loan Administrator. This team of seasoned bankers has previously worked together for close to 10 years in the greater Southern California marketplace.

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Communities First Financial Corporation Earns $1.54 Million, or $0.53 per Diluted Share in 2Q18, Up 68% from 2Q17; Net Interest Margin Expands to 4.52%

Fresno, CA – July 16, 2018 – Communities First Financial Corporation (the "Company") (OTCQX: CFST), the parent company of Fresno First Bank (the "Bank"), today announced record profits for the second quarter

and first half of 2018. Net income increased 68% to $1.54 million, or $0.53 per diluted share, for the second quarter of 2018, from $915,000, or $0.32 per diluted share, for the second quarter of 2017, and increased 5% from $1.46 million, or $0.50 per diluted share, for the first quarter of 2018. For the first six months ended June 30, 2018, net income increased 72% to $3.01 million, or $1.03 per diluted share, compared to $1.75 million, or $0.61 per diluted share, for the first six months of 2017.

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Fresno First Bank Leads the Charge to Support Emerging Companies

Fresno, CA – June 12, 2018 – Fresno First Bank, the operating bank of Communities First Financial Corporation (the "Company") (OTCQX: CFST), today announced their commitment to Valley Innovators as

a founding sponsor and shareholder. Valley Innovators provides entrepreneurs with the opportunity to obtain education, network, and pitch their business for cash prizes while receiving marketing exposure.

Unlike most incubators and accelerators that host pitch contests, Valley Innovators won't require an equity stake from founders in order to win the prize money.

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Communities First Financial Corporation Earnings Increase 75% for 1Q18, from 1Q17; Pre-Tax Earnings Up 43%

Fresno, CA – April 12, 2018 – Communities First Financial Corporation (the "Company") (OTCQX: CFST), the parent company of Fresno First Bank (the "Bank"), today announced solid profits for the first quarter ended March 31, 2018. Net income was $1.5 million, or $0.50 per diluted share, for the first quarter of 2018, up 75% from $837,000, or $0.29 per diluted share, for the first quarter of 2017. Net income for the fourth quarter of 2017 was $877,000, or $0.30 per diluted share, which included a reassessment of the deferred tax asset of $331,000, or $0.11 per share, related to the tax reforms enacted at year end.

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Communities First Financial Corporation Announces Record Profit; Earnings Increase 20% in 2017; Pre-Tax Reform Earnings Up 30%

Fresno, CA – January 18, 2018 – Communities First Financial Corporation (the "Company") (OTCQX: CFST), the parent company of Fresno First Bank (the "Bank"), today announced solid profitability for the fourth quarter and the full year of 2017. Fourth quarter net income was $877,000, or $0.30 per diluted share, which includes a $325,000, or $0.11 per share, one-time tax expense related to recently enacted tax reforms. In the fourth quarter of 2016, net income was $932,000, or $0.34 diluted share. For the full year 2017, net income increased 20% to $3.7 million, or $1.28 per share, compared to $3.1 million, or $1.12 per share for 2016.

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Communities First Financial Corporation Achieves Record Profits: Earnings Increase 50% to $1.1 Million for 3Q17 from 3Q16

Fresno, CA – October 12, 2017 – Communities First Financial Corporation (the "Company") (OTCQX: CFST), the parent company of Fresno First Bank (the "Bank"), today announced record profits for the third quarter and first nine months of 2017. Net income was $1.1 million, or $0.36 per diluted share, an increase of 50% over net income of $705,000, or $0.26 per diluted share, for the third quarter of 2016, and grew 15% from $915,000, or $0.32 per diluted share, for the second quarter of 2017. For the nine months ended September 30, 2017, net income increased 31% to $2.8 million, or $0.97 per diluted share, compared to $2.1 million, or $0.78 per diluted share, for the first nine months of 2016.

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Communities First Financial Corporation Posts Record Profits for 2016; 4Q16 Earnings Increase 73% from 4Q15

Fresno, CA – January 12, 2017 – Communities First Financial Corporation (the "Company") (OTCQX: CFST), Fresno, CA, the parent company of Fresno First Bank (the "Bank"), today reported record earnings in both the fourth quarter and full year of 2016. Net income increased 73% to $932,000, or $0.34 per diluted share for the fourth quarter of 2016, compared to $537,000, or $0.20 per diluted share, for the fourth quarter a year ago, and grew 32.2% from $705,000, or $0.26 per diluted share, for the third quarter of 2016. For the full year of 2016, net income increased 21.1% to $3.1 million, or $1.12 per diluted share, from $2.5 million, or $0.93 per diluted share for 2015. All results are unaudited.

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Fresno First Bank Launches New Financial Management Tool

Fresno, CA – November 15, 2016 – Fresno First Bank, the operating bank of Communities First Financial Corporation (OTCQX: CFST) has added a business financial management platform, powered by BodeTree, to its services for small business owners in Central California.


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Profits Up 7.1% YTD 2016 for Communities First Financial Corporation, Fueled by Strong Revenue Growth of 15.8% and Improved Asset Quality

Fresno, CA – October 18, 2016 – Communities First Financial Corporation (the "Company") (OTCQX: CFST), Fresno, CA, the parent company of Fresno First Bank (the "Bank"), today reported earnings increased 3.9% to $705,000, or $0.26 per diluted share for the third quarter of 2016, compared to $679,000, or $0.25 per diluted share, for the third quarter a year ago. On a linked quarter basis, net income was $738,000, or $0.27 per diluted share. For the first nine months ended September 30, 2016, net income increased 7.1% to $2.1 million, or $0.78 per diluted share, from $2.0 million, or $0.74 per diluted share for the first nine months ended September 30, 2015.

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Fresno First Bank is Central California's #1 SBA Community Bank Lender Four Years Running

Fresno, CA – October 13, 2016 – Fresno First Bank, the operating bank of Communities First Financial  Corporation (OTCQX: CFST) serving Central California has been declared the top Community Bank SBA 

Lender for the 15 county Fresno District for the fourth consecutive year.

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