Beverly Hills Bancorp Inc. (Pink Sheets: BHBC) announced today that its definitive agreement with Orchard First Source Asset Management, LLC (�OFS�) has been terminated. The agreement announced March 3, 2009, would have merged OFS�s wholly owned subsidiary lender OFS Funding, LLC into First Bank of Beverly Hills, a wholly owned subsidiary of Beverly Hills Bancorp Inc.

BHBC is continuing its attempts to find a merger or acquisition partner and/or to raise additional capital. However, it is not presently in active negotiations with any third party.

Beverly Hills Bancorp Inc. is a financial holding company that conducts banking operations through its wholly owned subsidiary, First Bank of Beverly Hills, with a branch office located in Calabasas, California.

This release contains forward-looking statements. These forward-looking statements are not historical facts but rather are based on current expectations and projections about the Company and management�s beliefs and assumptions. Words such as �may,� �will,� �anticipates,� �expects,� �intends,� �plans,� �believes,� �seeks� and �estimates� and variations of these words and similar expressions are intended to identify forward-looking statements. The Company�s actual results may differ materially from those projected in these forward-looking statements as a result of a number of factors. Readers of this release are cautioned not to place undue reliance on these forward-looking statements.

Beverly Hills Bancorp (CE) (USOTC:BHBCQ)
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