WATERFIELD BANK ANNOUNCES BRANCH IN WASHINGTON, D.C. MARKET

Acquisition of American Partners Bank Provides Customers Increased Safety, Security and Services

IRVINE, Calif. (Dec. 3, 2008) —Affinity Financial Corporation, a member of the Waterfield Group, today announced American Partners Bank is now Waterfield Bank. The conversion underscores Waterfield’s commitment to an expanding presence in the greater Washington, D.C. community. Waterfield acquired American Partners Bank earlier this year.

"We're excited to welcome the Germantown, Md., branch of Waterfield Bank into a nearly century long deep-rooted legacy of financial services. One of our highest priorities throughout this transition is to make it as seamless as possible for bank customers," explained Roy Henderson, president and CEO of Waterfield Bank. "Although there will be some cosmetic differences, the most important changes are the enhanced range of banking products and services now available to customers."

Benefiting from the century-old Waterfield family tradition of financial institutions, Waterfield Bank is able to provide customers the safety and security not often found with other banks. The company draws upon its rich heritage to provide unmatched service, security and financial products. Customers now will have a broader array of products and services, and the continued confidence of knowing their money is safely backed by nearly a century of banking experience and the Federal Deposit Insurance Corporation (FDIC).

The conversion from American Partners Bank to Waterfield Bank was marked by the unveiling of new signage on the branch and direct communication with all American Partners Bank customers. Customers that choose to bank from home rather than in the branch may access their accounts at www.WaterfieldBank.com. Customer questions can be directed to the branch by calling 877-992-4700.

About Waterfield Group
The Waterfield Group consists of Affinity Financial Corporation and its wholly owned subsidiaries, Waterfield Bank, Waterfield Financial Services, Inc. and Waterfield Technologies, Inc. For nearly 100 years, consumers have trusted the Waterfield name to provide a broad range of financial services. Waterfield offers traditional, safe banking through Waterfield Bank and provides industry-leading banking services through national affinity group banking centers. With diversified holdings and a legacy of excellence in the financial services industry, Waterfield remains committed to providing its customers with the highest levels of service, security and peace of mind.