Cwo Property Holdings LLC

Sierra Bancorp was formed in November 2000 and operates primarily through Bank of the Sierra, which it acquired in August 2001. The bank opened for business in January 1978 with one branch office in Porterville, Calif., and has grown into a multi-community financial institution that offers a range of banking services to individuals and businesses primarily in the central and southern sections of California s San Joaquin Valley. The Bank currently operates seventeen full service branch offices and engages in construction and real estate lending at several of those branches. It also maintains credit centers for agricultural lending and credit card loans. The company's only other subsidiary is Sierra Capital Trust I, which was formed in November 2001 solely to facilitate the issuance of capital trust pass-through securities. The company still maintains an operation in Porterville, Calif.

United Security Bancshares is the holding company of United Security Bank. The bank offers checking and savings accounts, certificates of deposit, overdraft protection and debit cards. Its lending capabilities include automotive, real estate, commercial, personal and professional loans, as well as equipment financing and letters of credit. United Security assists businesses with wire transfers, tax services, check imaging and cash management. The bank s online module enables customers to access accounts, pay bills and customize financial activities. It is a member of the Federal Deposit Insurance Corporation. United Security Banchares operates through branches in the California counties of Fresno, Madera and Kern. The company was established in 1987 and is headquartered in Fresno, Calif.