Promerica Bank Announces Expansion of Its Name and Downtown LA Headquarters

LOS ANGELES, CA--(Marketwire - Dec 27, 2011) - Promérica Bank (OTCQB: PMRA) (PINKSHEETS: PMRA) opened its doors just over five years ago to provide growing businesses with the requisite capital and responsive consultation they deserve. On the occasion of its 5^th Anniversary, Promérica renews its commitment to the community and the country and thus is announcing the expansion of its name to ProAmérica Bank.

ProAmérica is also pleased to announce that it has completed its move into larger offices at 888 West Sixth Street in Downtown Los Angeles.

"ProAmérica's expansion announcements, both in name and venue, reflect our commitment to Los Angeles and to building small businesses and jobs. We are grateful to our growing clientele for their vote of confidence and for their enthusiastic support of our mission. We believe strongly that by supporting small business growth we can focus on rebuilding the American middle class and help rebuild the Promise of America," stated Executive Chairwoman Maria Contreras-Sweet.

"The ProAmérica staff has demonstrated its excellent teamwork and professionalism in completing our relocation without any disruption in service. We are all pleased with the larger single-floor suite that offers enhanced privacy and a cohesive floor plan to further improve our consultative and responsive banking services," said President and CEO John H. Quinn.

ProAmérica's contact numbers have remained the same. The new mailing address is:

ProAmérica Bank
888 West Sixth Street, Second Floor
Los Angeles, CA 90017-2728
213-613-5000 Main
213-236-1102 Fax

ProAmérica Bank provides a full range of financial services, including credit and deposit products, cash management and internet banking for businesses and high net worth individuals. Information on products and services may be obtained by calling (213) 613-5000 or visiting the Bank's website at www.ProAmericaBank.com.

NOTE:

This news release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about ProAmérica Bank's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and the following: ProAmérica Bank's timely implementation of new products and services, technological changes, changes in consumer spending and savings habits and other risks discussed from time to time in ProAmérica Bank's reports and filings with banking regulatory agencies. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made, and ProAmérica Bank does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.