Mission Community Bancorp (OTCQB: MISN) announced that Thomas Tolda has been appointed Executive Vice President and Chief Financial Officer of Mission Community Bancorp and its wholly-owned banking subsidiary, Mission Community Bank.

“Tom Tolda is a welcome addition to our leadership team,” said Tom Dobyns, Chief Executive Officer of Mission Community Bank.  “He will direct our financial strategy as we continue to expand along California’s Central Coast, as the community bank of choice for local businesses.  Tom’s extensive experience as a Chief Financial Officer will serve us well in the months and years ahead.”

Most recently, Mr. Tolda served as Executive Vice President and Chief Financial Officer at Heritage Oaks Bancorp in Paso Robles for the past two years.  Prior to that, he was Chief Financial Officer at East West Bancorp in Los Angeles, Chief Financial Officer for the Consumer Credit Group at Wells Fargo & Co., and Chief Financial Officer at Citibank Federal Savings Bank. He is a graduate of Fordham Graduate School of Business, where he earned an MBA; he received his Bachelor’s degree from New York University.

About Mission Community Bancorp and Bank

Mission Community Bancorp is a bank holding company for Mission Community Bank and Mission Asset Management, Inc. Mission Community Bank is a locally operated community bank which first opened its doors in 1997. There are full-service Mission Community Bank offices in San Luis Obispo, Atascadero, Santa Maria, Paso Robles and Arroyo Grande, and a loan production office in Oxnard. The bank’s administrative headquarters and Small Business Banking Center are located in San Luis Obispo at 3380 South Higuera Street.  For more information, visit www.MissionCommunityBank.com

Forward-Looking Statements

Certain matters discussed in this release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to uncertain future events and economic conditions. These forward-looking statements are subject to certain risks and uncertainties that could cause the actual results, performance or achievements to differ materially from those expressed, suggested or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to: the impact of changes in interest rates, a decline in economic conditions and increased competition among financial service providers as these factors may impact the operating results, the ability to attract deposit and loan customers, the quality of earning assets and government regulation. The Bank does not undertake, and specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements.