FOOT Foothill Independent Bancorp (MM)

Foothill Independent Bancorp (NASDAQ:FOOT) announced that its Board of Directors declared its quarterly cash dividend of $0.15 per share payable November 28th, to shareholders of record November 9, 2005. "Our quarterly cash payout is actually up 44% from a year ago, reflecting a 15% dividend increase in August and a 5-for-4 stock split in May," stated George Langley, President & CEO. "In addition to giving our shareholders a tangible return on their investment each quarter, we are focused on building long-term value by consistently improving our profitability and increasing earnings." Yesterday, Foothill reported record earnings for both the third quarter and year-to-date at September 30, 2005. For the quarter ended September 30, 2005 net income increased 18% from a year ago to $0.31 per diluted share, and for the nine month period, net income grew 20% to $0.91 per share. Annualized return on average equity (ROAE) and return on average assets for the nine months ended September 30, 2005, improved to 16.4% and 1.36%, respectively. About Foothill Independent Bancorp Foothill Independent Bancorp is a one-bank holding company that operates Foothill Independent Bank. This wholly owned bank subsidiary currently operates 12 commercial banking offices in Los Angeles, San Bernardino and Riverside Counties. Foothill Independent Bank has consistently earned the highest ratings for safety and soundness from such bank rating firms as Findley Reports, Bauer Financial Services, and Veribanc. Forward Looking Information This release contains forward-looking statements regarding expected future performance. Past performance, including cash and stock dividends and the ability to issue such dividends, as well as the impact of interest rates on profitability, are not indicative of the future. Actual results may differ materially from those currently anticipated in such forward looking statements, due, among other things, to those factors and risks identified in Management's Discussion and Analysis contained in the Company's publicly available Securities and Exchange Commission filings, including its Annual Report on Form 10-K for the year ended December 31, 2004.