Santa Cruz, CA – June 22, 2022:  Santa Cruz County Bank www.sccountybank.com  (OTCQX:SCZC), with assets over $1.7 billion, is a top-rated community bank headquartered in Santa Cruz County. Today the bank announced that its Board of Directors declared a quarterly cash dividend of $0.11 per share. The dividend is payable on July 11, 2022 to shareholders of record as of the close of business on July 7, 2022. Chairman William J. Hansen stated:

"The Board of Directors of Santa Cruz County Bank are pleased to announce an increase to the quarterly cash dividend paid to our shareholders. The new increased dividend will be $0.11 per share and will be payable on July 11, 2022. We are pleased to reward our investors with a 22% dividend increase.”

For the quarter ended March 31, 2022, Santa Cruz County Bank reported $5.4 million in net income, a 15% increase over the prior quarter.

Return on tangible equity was 13.69% for the quarter ended March 31, 2022. The book value per share of Santa Cruz County Bank's common stock at March 31, 2022 was $21.42 an increase of $0.99 from the same period in 2021. Shareholders' equity grew to $182.9 million, a $9.4 million increase compared to the same period in 2021.

ABOUT SANTA CRUZ COUNTY BANK

Santa Cruz County Bank was founded in 2004. It is a top-rated, locally-owned and operated, full-service community bank headquartered in Santa Cruz, California. The bank has branches located in Aptos, Capitola, Cupertino, Monterey, Santa Cruz, Scotts Valley and Watsonville. Santa Cruz County Bank is distinguished from "big banks" by its relationship-based service, problem-solving focus and direct access to decision makers. The bank is a leading SBA lender in Santa Cruz County and Silicon Valley and a top USDA lender in the state of California. As a full-service bank, Santa Cruz County Bank offers competitive deposit and lending solutions for businesses and individuals; including business loans, lines of credit, commercial real estate financing, construction lending, asset-based lending, agricultural loans, SBA and USDA government guaranteed loans, credit cards, merchant services, remote deposit capture, mobile and online banking, bill payment and treasury management. True to its community roots, Santa Cruz County Bank has supported regional well-being by actively participating in and donating to local not-for-profit organizations. Santa Cruz County Bank stock is publicly traded on the OTCQX marketplace under the symbol SCZC. For more information about Santa Cruz County Bank, visit www.sccountybank.com.