BOARD OF DIRECTORS

John B. De Nault            Chairman of the Board
John M. Cullison            Vice Chairman of the Board
Larry W. Woods            President & Chief Executive Officer
John B. De Nault, III            Director
Dr. Kenneth J. De Nault            Director
Joel P. Michel            Director
Stephanie Uccelli - Menner            Director
Robert E. Locatelli            Director
Michael Scarborough            Director

     ADMINISTRATIVE OFFICERS

Larry W. Woods            President & Chief Executive Officer

Lowell G. Hallock, Jr.            Executive Vice President & Chief Lending Officer

Thomas M. Amendola            Executive Vice President & Chief Financial Officer

Kathleen A. Aronson            Corporate Secretary

Vanessa A. Slagboom            1st Vice President & Operations Administration

Lynn S. Francisco            Vice President & Information Technology Officer

Barbara E. Ziegler            Vice President & Central Operations Support Manager

Romel Carsola            Vice President & Senior Operations

JoAnn Killian            Vice President & Human Resources Specialist

Debra R. Watkins            Assistant Vice President & Business Development Officer

Ariella Fioranelli            Assistant Vice President & Controller

Jackie Mar            Loans Operation Officer

    SOUTH SAN FRANCISCO OFFICERS

Tony D'Eca            Vice President & Commercial Loans Officer

Craig Judy            Vice President & Commerical Loans Officer

Ruby Go            Assistant Vice President & Operations Manager

    

    BOULDER CREEK OFFICERS

Carolyn T. Sanborn            Vice President & Operations Manager

Jill Hitchman            Vice President & Business Development / Loan Officer

Kelly DeFratus            Operations Officer

 

     

    FELTON OFFICERS

Judy Anderson            Vice President & Operations Manager

Jill Hitchman            Vice President & Business Development / Loan Officer

Karen Edwards            Operations Officer

 

     PALO ALTO OFFICERS

Marshall Armstrong            Senior Vice President & Regional Manager

Hogan D. Wong            Operations Manager

 

GEOGRAPHIC LOCATION Liberty Bank's Headquarters is located on the San Francisco Peninsula in the City of South San Francisco, conveniently close to the San Francisco Airport. The Bank also has an Office in Palo Alto located in the downtown area, an office in Boulder Creek, and its newest Office in Felton. HISTORY Liberty Bank was opened for business on April 7, 1982 and has since operated as a full service, community bank. In the Spring of 1985, Liberty Bank purchased its current South San Francisco building and moved its Headquarters and Main Office to this site in November of the same year. In early 1989 the Bank acquired the Boulder Creek Office and opened its first office, in the San Lorenzo Valley, for business on July 29, 1989. In July 1996 the Bank opened its third Office in Ben Lomond. In the Summer of 2007 it was decided to relocate its third office from a supermarket branch in Ben Lomond to a full service community bank in Felton, which was opened for on January 14, 2008. On January 15, 2002, the Bank opened the Palo Alto Loan Production Office. Because of the success of this Loan Production Office, the Bank decided to expand its presence and on November 8, 2004 a full service Office was opened in Palo Alto. Liberty Bancorp, the parent Company of Liberty Bank, is currently traded on the Over the Counter Bulletin Board Exchange under the ticker symbol LIBC.OB.

MISSION STATEMENT It is the goal of Liberty Bank to provide the finest, personal banking services to all segments of the communites it serves and to remain an independent community Bank. Service is our Specialty Liberty Bank was founded as an independent, community bank. The Bank has been an active member of the communities it serves, and as such, has been able to respond to the financial needs of its customers. The ability to respond quickly to customer needs is at the core of Liberty Bank's goal of giving superior customer service. The Bank is committed to providing financial services on a sound and profitable basis, delivered with unparalleled customer service to consumers, businesses, and professionals in the communities it serves. Experience is our Strength Liberty Bank opened for business in 1982 and its Board and Management have deep roots in the Northern California communities it serves. We have been part of the foundation and the resultant growth and prosperity of its customers and communities from the early 1980's to the present day. Liberty Bank has a team of Bankers steeped in local history, local knowledge, and extensive banking experience. This level of expertise adds up to a  rewarding and effective banking relationship for the Bank's customers as well as for the local communities.

AS OF SEPTEMBER 30, 2008

ASSETS		LIABILITIES & CAPITAL
Cash & Due From Banks	$5,860,681	Deposits	$195,690,019
Federal Funds Sold	$0	Other Liabilities	$700,712
Securities	$27,310,085	Capital Stock	$7,079,928
Loans	$176,544,673	Additional Paid-In Capital	$3,000,000
Bank Premises &  Equipment	$3,337,049	Retained Earnings	$10,387,816
Accrued Interest  Receivable	$1,208,077	Unrealized Gain on AFS   Securities	$(30,859)
Other Assets	$2,513.071	Total Capital	$20,436,885
TOTAL ASSETS	$216,827,616	TOTAL LIABILITIES &   CAPITAL	$216,827,616