Center Financial Reports Financial Results for 2008 Third Quarter

2008 Third Quarter Summary:

-- A $7.7 million settlement expense, $4.5 million net of tax, or $0.27 per share, which removed all potential liabilities under the consolidated Korea Export Insurance Corporation (KEIC) litigation

-- An Other Than Temporary Impairment (OTTI) expense of $7.3 million, equal to $4.2 million net of tax, or $0.26 per share, recognizing the recent decline in the fair market valuation of its bank collateralized pooled trust preferred CDO

-- Net interest income before provision for loan losses increased to $19.8 million from $19.0 million for Q2 2008

-- Net interest margin expanded by 21 basis points to 4.02% from 3.81% for Q2 2008

-- Core noninterest expense, excluding KEIC and OTTI expenses, declined 2% from Q2 2008

-- OTTI and KEIC expenses offset earnings by $8.7 million, net of tax, or $0.53 per share

-- Net loss of $3.2 million, or $0.19 per share, versus net income of $5.3 million, or $0.32 per diluted share for Q2 2008

-- Loss on average assets of 0.61% and non-GAAP return on average assets of 1.06%, versus 1.00% for Q2 2008

-- Loss on average equity of 7.59% and non-GAAP return on average equity of 13.28%, compared with 12.97% for Q2 2008

-- Nonperforming assets as a percent of total loans and OREO stable at 0.48%

-- Allowance for loan losses to gross loans increased to 1.22% from 1.18% at June 30, 2008

-- Net loans strategically reduced to $1.73 billion from $1.79 billion at June 30, 2008

-- Non-interest bearing deposits total $367.2 million, equal to 23% of total deposits as of September 30, 2008

-- Total deposits of $1.62 billion down by 2% linked quarter, reflecting strategic runoff of jumbo time deposits

-- Total risk-based capital ratio increased organically to 11.03%, versus 10.63% as of June 30, 2008

-- Quarterly cash dividend of $0.05 per share

"The third quarter of 2008 was a momentous period for Center Financial with the signing of settlement agreements that completely resolved all potential liabilities for the company under the consolidated KEIC action," said Jae Whan (J.W.) Yoo, president and chief executive officer. "Notwithstanding management's time and expenses associated with the KEIC settlement and the OTTI expense, as well as the challenges of operating in an extraordinarily difficult business environment that has been severely crippled by the unprecedented events in the financial markets, the company's third quarter financial results demonstrate another quarter of sequential improvements in core operational performance, excluding the KEIC and OTTI expenses.

"As in the preceding second quarter, the company's net interest margin expanded, but to a greater degree having increased 21 basis points sequentially. If not for the KEIC and OTTI expenses, noninterest expenses would have declined, and we would have reported improvements in our efficiency ratio, return on average assets and return on average equity, all on a linked quarter basis. Center Financial also continued to manage well through the credit down cycle and maintained a consistently healthy asset quality level that is superior to industry averages, as well as in our core ethnic space. Particularly in these turbulent times, we are gratified that our strategic initiatives have contributed to strong, organic expansion of our capital positioning. Given the achievements of this third quarter, we believe Center Financial is well poised to capitalize on the many potential opportunities that we believe will become available to us as the financial markets eventually recover," Yoo said.

2008 THIRD QUARTER

For the three months ended September 30, 2008, net interest income before provision for loan losses increased to $19.8 million from $19.0 million in the preceding 2008 second quarter and $19.3 million in the year-ago third quarter. The company's yield on interest-earning assets averaged 6.69% for the 2008 third quarter, just five basis points lower than the 2008 second quarter. Compared with the 2007 third quarter, the yield on interest-earning assets declined 132 basis points, primarily reflecting reductions in the Fed Funds rate totaling 325 basis points between September 2007 through April 2008.

Benefiting from the company's funding strategies and deposit cost management, the net interest margin for the 2008 third quarter expanded 21 basis points to 4.02% from 3.81% in the immediately preceding second quarter, but was down 20 basis points from 4.22% in the third quarter of 2007.

Center Financial provided $2.1 million to its allowance for loan losses in the 2008 third quarter, compared with $2.0 million provision in the immediately preceding second quarter and in the year-ago third quarter.

Noninterest income totaled $3.4 million in the 2008 third, compared with $3.9 million in the preceding second quarter and $3.4 million in the 2007 third quarter. The sequential decline in noninterest income is wholly attributed to a lower gain on sale of loans of $59,000 in the 2008 third quarter, versus $630,000 in the preceding second quarter. The company did not record any gain on sale of loans in the prior-year third quarter.

Noninterest expense for the 2008 third quarter totaled $27.0 million and included two large expenses totaling $15.0 million. As previously announced, the company recognized in the 2008 third quarter a $7.3 million non-cash, Other Than Temporary Impairment (OTTI) expense in accordance with U.S. GAAP, due to a recent decline in the fair market valuation of its bank collateralized pooled trust preferred CDO. As well, Center Financial's 2008 third quarter results include a $7.7 million expense, related to the resolution of the long-standing Korea Export Insurance Corporation (KEIC) litigation during the quarter. Excluding these two expenses, the company's core noninterest expense for the 2008 third quarter was less than $12.0 million, down from $12.3 million in the preceding second quarter. In the year-ago third quarter, the company posted noninterest expense of $11.4 million. As a percentage of average earning assets, noninterest expense, including the KEIC and OTTI expenses, was 5.5% for the 2008 third quarter. This compares with 2.5% for the 2008 second quarter and the year-ago third quarter.

The company's efficiency ratio more than doubled to 116.51% for the 2008 third quarter as a result of the two expenses. Excluding the impact of the KEIC and OTTI expenses, the non-GAAP efficiency ratio for the 2008 third quarter was 51.80%. This compares with an efficiency ratio of 53.49% in the immediately preceding second quarter and 50.39% in the third quarter of 2007.

The company incurred a net loss for the 2008 third quarter of $3.2 million, or $0.19 per share, including an income tax benefit of $2.8 million. The permanent tax differences relating primarily to the California Enterprise Zone Tax credit were not affected by the OTTI write-down and the KEIC settlement which resulted in the pretax loss and the effective tax benefit rate was higher than the company's normal effective tax rate as compared with the quarter ended September 30, 2007 and June 30, 2008. While Center Financial posted another quarter of sequential improvements in core operating trends for the 2008 third quarter, the OTTI and KEIC expenses offset the company's earnings by a total of $8.7 million, net of tax, or $0.53 per share. Excluding these expenses, non-GAAP net income for the 2008 third quarter amounted to $5.5 million, or $0.34 per diluted share. This compares with net income of $5.3 million, or $0.32 per diluted share, in the preceding second quarter and net income of $5.7 million, or $0.34 per diluted share, in the 2007 third quarter.

Reflecting the adverse impact of the OTTI and KEIC expenses, the company recorded a loss on average assets and loss on average equity for the current third quarter of 0.61% and 7.59%, respectively. Excluding the KEIC and OTTI impact, the company achieved improved return on average assets (ROAA) of 1.06% and return on average equity (ROAE) of 13.28%, compared with ROAA of 1.00% and ROAE of 12.97% for the three months ended June 30, 2008. For the 2007 third quarter, ROAA equaled 1.16% and ROAE was 14.47%.

FINANCIAL CONDITION

Gross loans at September 30, 2008 narrowed to $1.76 billion from $1.82 billion at June 30, 2008, reflecting the company's strategic initiative to de-leverage its balance sheet in the current economic environment. During the quarter, the company executed the sale of $14.5 million of certain loans to the wholesale market, as part of an ongoing effort to manage its commercial real estate and fixed-rate loan concentrations. As of September 30, 2008, commercial real estate loans accounted for approximately 66%, real estate construction loans represented 4%, commercial and industrial loans, including commercial, trade finance and SBA loans, totaled 25% and consumer loans equaled 5% of the company's gross loan portfolio at the close of the 2008 third quarter. Net loans as a percentage of total assets equaled 85.19% at September 30, 2008, compared with 84.37% at June 30, 2008, and 85.99% at December 31, 2007.

Center Financial posted another quarter of healthy asset quality metrics notwithstanding the extremely challenging credit environment. Nonperforming assets at September 30, 2008 declined sequentially to $8.4 million, or $5.9 million net of the SBA guarantee, from $8.7 million, or $5.9 million net of the SBA guarantee, at June 30, 2008. At December 31, 2007, nonperforming assets totaled $6.6 million, or $3.9 million net of the SBA guarantee. As a percentage of total gross loans and other real estate owned, nonperforming loans at September 30, 2008 were stable at 0.48%, compared with June 30, 2008, but higher when compared with 0.37% at December 31, 2007.

Year-to-date net charge-offs amounted to $5.3 million, versus net charge-offs of $2.2 million in the first nine months of 2007 and $3.4 million for the full 2007 year. The allowance for loan losses as of September 30, 2008 totaled $21.5 million and represented 1.22% of gross loans at the end of the period. This compares with an allowance for losses of $20.5 million, or 1.13% of gross loans, at December 31, 2007.

Total deposits at September 30, 2008 equaled $1.62 billion, down 2% from $1.66 billion at the end of the 2008 second quarter, reflecting the strategic runoff of $91.5 million in the company's higher-cost jumbo time deposits, offset by a $52.1 million increase in lower-cost core deposits. Non-interest bearing deposits at the end of the 2008 third quarter were relatively stable at $367.2 million, compared with $378.8 million at June 30, 2008 and $363.5 million at December 31, 2007, all equaling 23% of total deposits. The company's money market deposits increased again sequentially, up by $49.6 million and totaling $425.2 million at September 30, 2008, or 26% of the company's total deposits. Time deposits at September 30, 2008 accounted for 48% of total deposits, down from 51% as of June 30, 2008 and 58% as of year-end 2007. Center Bank's loan-to-deposit ratio as of September 30, 2008 equaled 107.1%, compared with 108.1% at June 30, 2008 and 113.4% at December 31, 2007.

The company's average cost of interest-bearing deposits continued to benefit from the lagging effect of the Federal Reserve's reductions in the Fed Funds rate since September 2007 and management's strategic efforts to minimize deposit costs. The average cost of interest-bearing deposits for the three months ended September 30, 2008 was 3.35%, reflecting a 37 basis point reduction from 3.72% for 2008 second quarter and 156 basis points lower than 4.91% for the year-ago third quarter.

Total assets at September 30, 2008 equaled $2.04 billion, down from $2.13 billion at June 30, 2008, and $2.08 billion at year-end 2007, generally reflecting the company's successful efforts to de-leverage its balance sheet in the current credit and interest rate environment. Average interest-earning assets for the third quarter of 2008 amounted to $1.96 billion, compared with $2.0 billion for the preceding 2008 second quarter and $1.92 billion for the 2007 fourth quarter.

Shareholders' equity at September 30, 2008 rose 5% to $164.9 million from $157.5 million at December 31, 2007. Tangible book value at the close of the 2008 third quarter increased to $9.74 per share from $9.53 per share at year-end 2007. At September 30, 2008, Center Financial remained comfortably "well-capitalized" under all regulatory categories, with a Tier 1 risk-based capital ratio of 9.84%, a total risk-based capital ratio of 11.03%, and a Tier 1 leverage ratio of 8.71%.

Use of Non-GAAP Financial Measures

This news release includes "non-GAAP financial measures" within the meaning of the Securities and Exchange Commission rules. Center Financial believes that meaningful analysis of its financial performance requires an understanding of the factors underlying that performance and management's judgments about the likelihood that particular factors will repeat. Short-term patterns and long-term trends may be obscured by the impact of certain items in the company's 2008 third-quarter financial results. For this reason, the company has disclosed certain core operating results for the 2008 third quarter, including noninterest expense, net income, earnings per share, efficiency ratio, return on average assets and return on average equity, adjusted to exclude the impact of the KEIC settlement expense and OTTI impairment expense. The company has provided this information because such adjustments make performance information more comparable to prior disclosures for investors, and may enhance the ability of investors to analyze the company's performance. This information is not intended to be considered in isolation or as a substitute for the relevant measures calculated in accordance with U.S. GAAP. The reconciliations of these non-GAAP financial measures to GAAP financial measures included in this news release are attached herein.

Investor Conference Call

The company will host an investor conference call at 8:30 a.m. PDT (11:30 a.m. EDT) on Thursday, October 23, 2008 to review the financial results for its 2008 third quarter ended September 30, 2008. The call will be open to all interested investors through a live, listen-only audio Web broadcast via the Internet at www.centerbank.com. Listeners are encouraged to visit the Web site at least 15 minutes prior to the start of the scheduled presentation to register, download and install any necessary audio software. For those who are not available to listen to the live broadcast, the audio broadcast will be archived for one year. A telephone replay of the call will be available through 11:59 p.m. PDT, Thursday, October 30, 2008 by dialing 888-286-8010 (domestic) or 617-801-6888 (international) and entering passcode 36811647.

About Center Financial Corporation

Center Financial Corporation is the holding company of Center Bank, a community bank offering a full range of financial services for diverse ethnic and small business customers. Founded in 1986 and specializing in commercial and SBA loans and trade finance products, Center Bank has grown to be one of the nation's soundest financial institutions focusing on the Korean-American community, with total assets of $2.04 billion at September 30, 2008. Headquartered in Los Angeles, Center Bank operates 25 branch and loan production offices. Of the company's 19 full-service branches, 16 are located throughout Southern California, along with one branch in Chicago and two in Seattle. Center Bank's six loan production offices are strategically located in Seattle, Denver, Washington D.C., Atlanta, Dallas and Northern California. Center Bank is a California state-chartered institution and its deposits are insured by the FDIC to the extent provided by law. For additional information on Center Bank, visit the company's Web site at www.centerbank.com.

This release contains forward-looking statements, which are included in accordance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the next phase of growth for Center Financial and Center Bank, integration risks associated with the First Intercontinental Bank acquisitions, satisfaction of various closing conditions and receipt of all regulatory approvals. The forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and actual results and performance in future periods may be materially different from any future results or performance suggested by the forward-looking statements in this release. Factors that might cause such differences include, but are not limited to, those identified in our cautionary statements contained in Center Financial Corp.'s Annual Report on Form 10-K for the fiscal year ended December 31, 2007 (See Business, and Management's Discussion and Analysis), and other filings with the Securities and Exchange Commission (SEC) are incorporated herein by reference. These factors include, but are not limited to: competition in the financial services market for both deposits and loans; the ability of Center Financial and its subsidiaries to increase its customer base; changes in interest rates; new litigation or changes or adverse developments in existing litigation; and regional and general economic conditions. Such forward-looking statements speak only as of the date of this release. Center Financial expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in the company's expectations of results or any change in events.

CENTER FINANCIAL CORPORATION CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) (Dollars in thousands) 9/30/2008 12/31/2007 ASSETS Cash and due from banks $ 41,972 $ 58,339 Federal funds sold 7,760 7,125 Money market funds and interest-bearing deposits in other banks 3,152 2,825 Cash and cash equivalents 52,884 68,289 Securities available for sale, at fair value 154,661 128,778 Securities held to maturity, at amortized cost (fair value of 9,265 10,932 $9,285 as of September 30, 2008 and $10,961 as of December 31, 2007) Federal Home Loan Bank and Pacific Coast Bankers Bank stock, at cost 14,360 15,219 Loans, net of allowance for loan losses of $21,485 as of September 1,724,390 1,748,143 30, 2008 and $20,477 as of December 31, 2007 Loans held for sale, at the lower of cost or fair value 9,381 41,492 Premises and equipment, net 14,683 13,585 Customers' liability on acceptances 3,972 3,292 Other real estate owned, net - 380 Accrued interest receivable 7,661 8,886 Deferred income taxes, net 13,427 13,142 Investments in affordable housing partnerships 11,603 11,911 Cash surrender value of life insurance 11,893 11,583 Goodwill 1,253 1,253 Intangible assets, net 227 267 Other assets 5,507 3,511 Total Assets $ 2,035,167 $ 2,080,663 LIABILITIES AND SHAREHOLDERS' EQUITY Liabilities Deposits: Noninterest-bearing $ 367,171 $ 363,465 Interest-bearing 1,252,105 1,214,209 Total deposits 1,619,276 1,577,674 Acceptances outstanding 3,972 3,292 Accrued interest payable 7,955 13,213 Other borrowed funds 207,153 299,606 Long-term subordinated debentures 18,557 18,557 Accrued expenses and other liabilities 13,323 10,868 Total liabilities 1,870,236 1,923,210 Commitments and contingencies - - Shareholders' equity Serial preferred stock, no par value; authorized 10,000,000 - - shares; issued and outstanding, none Common stock, no par value; authorized 40,000,000 shares; issued 71,926 67,006 and outstanding, 16,787,530 shares as of September 30, 2008 and 16,366,791 shares as of December 31, 2007 (including 9,900 and 8,850 shares of unvested restricted stock) Retained earnings 92,961 90,541 Accumulated other comprehensive income (loss), net of tax 44 (94 ) Total shareholders' equity 164,931 157,453 Total Liabilities and Shareholders' Equity $ 2,035,167 $ 2,080,663 Tangible book value per share $ 9.74 $ 9.53

CENTER FINANCIAL CORPORATION CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME(LOSS) (Unaudited) (Dollars in thousands, except per share data) Three Months Ended Nine Months Ended 9/30/08 6/30/08 9/30/07 9/30/08 9/30/07 Interest and Dividend Income: Interest and fees on loans $ 30,574 $ 31,369 $ 34,781 $ 95,553 $ 100,252 Interest on federal funds sold 24 25 67 90 180 Interest on taxable investment securities 2,004 1,868 1,595 5,613 4,771 Interest on tax-advantaged investment securities 51 48 125 151 387 Dividends on equity stock 228 220 151 653 506 Money market funds and interest-earning deposits 31 32 16 92 48 Total interest and dividend income 32,912 33,562 36,735 102,152 106,144 Interest Expense: Interest on deposits 10,666 12,157 14,767 36,860 39,775 Interest on borrowed funds 2,225 2,188 2,258 7,130 8,120 Interest expense on trust preferred securities 259 258 378 843 1,120 Total interest expense 13,150 14,603 17,403 44,833 49,015 Net interest income before provision for loan losses 19,762 18,959 19,332 57,319 57,129 Provision for loan losses 2,121 2,047 2,000 6,330 4,370 Net interest income after provision for loan losses 17,641 16,912 17,332 50,989 52,759 Noninterest Income: Customer service fees 1,918 1,913 1,676 5,644 5,215 Fee income from trade finance transactions 675 672 615 1,948 2,046 Wire transfer fees 269 293 206 822 643 Gain on sale of loans 59 630 - 1,019 618 Loan service fees 144 48 409 445 1,398 Other income 321 387 477 1,091 1,608 Total noninterest income 3,386 3,943 3,383 10,969 11,528 Noninterest Expense: Salaries and employee benefits 6,137 5,924 6,342 19,182 19,220 Occupancy 1,115 1,119 1,079 3,275 3,022 Furniture, fixtures, and equipment 546 500 575 1,538 1,539 Data processing 527 577 530 1,626 1,567 Legal fees 529 971 173 2,130 1,020 Accounting and other professional service fees 323 381 186 1,041 1,429 Business promotion and advertising 469 494 480 1,424 1,549 Stationery and supplies 140 157 137 429 408 Telecommunications 188 179 160 537 442 Postage and courier service 192 191 185 584 565 Security service 283 294 268 851 779 Loss on available-for-sale securities 7,279 - - 7,279 - Regulatory assessment 312 352 337 953 477 KEIC litigation settlement 7,700 - 7,700 - Other operating expenses 1,229 1,112 995 3,909 3,097 Total noninterest expense 26,969 12,251 11,447 52,458 35,114 (Loss) income before income tax (benefit) provision (5,942 ) 8,604 9,268 9,500 29,173 Income tax (benefit) provision (2,783 ) 3,325 3,570 3,161 11,136 Net (loss) income (3,159 ) 5,279 5,698 6,339 18,037 Other comprehensive income (loss) - unrealized gain (loss) on 1,484 (2,115 ) 476 138 503 available-for-sale securities, net of income tax expense (benefit) of $1,075, $(1,410) $345, $100 and $365 Comprehensive (loss) income $ (1,675 ) $ 3,164 $ 6,174 $ 6,477 $ 18,540 (Loss) earnings per share: Basic $ (0.19 ) $ 0.32 $ 0.34 $ 0.38 $ 1.08 Diluted $ (0.19 ) $ 0.32 $ 0.34 $ 0.38 $ 1.07 Weighted average shares outstanding - basic 16,577,318 16,367,475 16,720,539 16,437,778 16,689,622 Weighted average shares outstanding - diluted 16,577,318 16,399,197 16,785,290 16,474,486 16,785,126

CENTER FINANCIAL CORPORATION SELECTED FINANCIAL DATA (Unaudited) (Dollars in thousands) Three Months Ended 9/30/08 6/30/08 9/30/07 Average Rate/ Average Rate/ Average Rate/ Balance Yield Balance Yield Balance Yield Assets: Interest-earning assets: Loans $ 1,766,415 6.89 % $ 1,816,960 6.94 % $ 1,662,816 8.30 % Federal funds sold 4,387 2.18 4,745 2.12 4,582 5.80 Investments 185,109 4.97 179,755 4.85 152,387 4.91 Total interest-earning assets 1,955,911 6.69 2,001,460 6.74 1,819,785 8.01 Noninterest - earning assets: Cash and due from banks 49,557 56,875 63,727 Bank premises and equipment, net 14,703 14,526 13,564 Customers' acceptances outstanding 3,750 5,411 3,241 Accrued interest receivables 7,547 7,499 8,286 Other assets 42,872 37,762 32,399 Total noninterest-earning assets 118,429 122,073 121,217 Total assets $ 2,074,340 $ 2,123,533 $ 1,941,002 Liabilities and Shareholders' Equity: Interest-bearing liabilities: Deposits: Money market and NOW accounts $ 393,830 2.88 % $ 358,778 2.89 % $ 263,320 4.30 % Savings 54,424 3.52 54,429 3.35 60,946 3.17 Time certificates of deposit over $100,000 688,610 3.63 785,529 4.07 763,632 5.27 Other time certificates of deposit 128,155 3.26 116,365 4.06 104,879 4.83 1,265,019 3.35 1,315,101 3.72 1,192,777 4.91 Other borrowed funds 244,059 3.63 244,631 3.60 180,667 4.96 Long-term subordinated debentures 18,557 5.55 18,557 5.59 18,557 8.08 Total interest-bearing liabilities 1,527,635 3.42 1,578,289 3.72 1,392,001 4.96 Noninterest-bearing liabilities: Demand deposits 357,145 356,309 370,254 Total funding liabilities 1,884,780 2.78 % 1,934,598 3.04 % 1,762,255 3.92 % Other liabilities 23,973 25,262 22,572 Total noninterest-bearing liabilities 381,118 381,571 392,826 Shareholders' equity 165,587 163,673 156,175 Total liabilities and shareholders' equity $ 2,074,340 $ 2,123,533 $ 1,941,002 Cost of deposits 2.62 % 2.93 % 3.75 % Net interest spread 3.27 % 3.02 % 3.05 % Net interest margin 4.02 % 3.81 % 4.22 %

CENTER FINANCIAL CORPORATION SELECTED FINANCIAL DATA (Unaudited) (Dollars in thousands) Nine Months Ended 9/30/08 9/30/07 Average Rate/ Average Rate/ Balance Yield Balance Yield Assets: Interest-earning assets: Loans $ 1,799,893 7.09 % $ 1,601,321 8.37 % Federal funds sold 4,627 2.60 4,214 5.71 Investments 175,976 4.94 158,883 4.81 Total interest-earning assets 1,980,496 6.89 1,764,418 8.04 Noninterest - earning assets: Cash and due from banks 58,487 68,010 Bank premises and equipment, net 14,407 13,512 Customers' acceptances outstanding 4,182 3,774 Accrued interest receivables 7,747 7,939 Other assets 39,775 32,625 Total noninterest-earning assets 124,598 125,860 Total assets $ 2,105,094 $ 1,890,278 Liabilities and Shareholders' Equity: Interest-bearing liabilities: Deposits: Money market and NOW accounts $ 350,219 3.10 % $ 224,431 3.91 % Savings 54,228 3.40 67,653 3.41 Time certificates of deposit over $100,000 760,854 4.18 717,074 5.23 Other time certificates of deposit 120,361 3.97 97,635 4.68 1,285,662 3.83 1,106,793 4.80 Other borrowed funds 255,235 3.73 208,329 5.21 Long-term subordinated debentures 18,557 6.07 18,557 8.07 Total interest-bearing liabilities 1,559,454 3.84 1,333,679 4.91 Noninterest-bearing liabilities: Demand deposits 357,913 384,593 Total funding liabilities 1,917,367 3.12 % 1,718,272 3.81 % Other liabilities 24,091 21,461 Total noninterest-bearing liabilities 382,004 406,054 Shareholders' equity 163,636 150,545 Total liabilities and shareholders' equity $ 2,105,094 $ 1,890,278 Cost of deposits 3.00 % 3.57 % Net interest spread 3.05 % 3.13 % Net interest margin 3.87 % 4.33 %

CENTER FINANCIAL CORPORATION SELECTED FINANCIAL DATA (Unaudited) (Dollars in thousands) As of the Dates Indicated 9/30/08 6/30/08 3/31/08 12/31/07 9/30/07 Real Estate: Construction $ 62,296 $ 62,072 $ 76,243 $ 68,143 $ 59,821 Commercial 1,157,286 1,191,097 1,222,385 1,197,104 1,142,899 Commercial 336,929 352,220 332,950 310,962 306,037 Trade Finance 70,395 81,399 83,418 66,964 75,526 SBA 38,069 39,310 61,583 70,517 65,561 Consumer and other 93,053 92,157 96,717 98,969 90,675 Total Gross Loans 1,758,028 1,818,255 1,873,296 1,812,659 1,740,519 Less: Allowance for Loan Losses 21,485 21,499 21,685 20,477 19,619 Deferred Loan Fees 1,488 1,688 1,561 1,847 1,833 Discount on SBA Loans Retained 1,284 1,296 880 700 796 Total Net Loans and Loans Held for Sale $ 1,733,771 $ 1,793,772 $ 1,849,170 $ 1,789,635 $ 1,718,271 As a percentage of total gross loans: Real estate: Construction 3.5 % 3.4 % 4.1 % 3.8 % 3.4 % Commercial 65.8 65.5 65.3 66.0 65.7 Commercial 19.2 19.4 17.8 17.2 17.6 Trade finance 4.0 4.5 4.5 3.7 4.3 SBA 2.2 2.1 3.3 3.9 3.8 Consumer and other 5.3 5.1 5.0 5.4 5.2 Total gross loans 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % As of the Dates Indicated 9/30/08 6/30/08 3/31/08 12/31/07 9/30/07 Demand deposits (noninterest-bearing) $ 367,171 $ 378,835 $ 357,422 $ 363,465 $ 361,137 Money market accounts and NOW 425,156 375,606 337,678 244,233 237,457 Savings 54,520 55,281 55,265 54,838 58,764 846,847 809,722 750,365 662,536 657,358 Time deposits Less than $100,000 132,074 117,068 117,550 112,614 105,038 $100,000 or more 640,355 731,900 810,026 802,524 757,873 Total $ 1,619,276 $ 1,658,690 $ 1,677,941 $ 1,577,674 $ 1,520,269 As a percentage of total deposits: Demand deposits (noninterest-bearing) 22.7 % 22.9 % 21.3 % 23.0 % 23.8 % Money market accounts and NOW 26.3 22.6 20.1 15.5 15.6 Savings 3.4 3.3 3.3 3.5 3.9 52.4 48.8 44.7 42.0 43.3 Time deposits Less than $100,000 8.2 7.1 7.0 7.1 6.9 $100,000 or more 39.4 44.1 48.3 50.9 49.9 Total deposits 100.0 % 100.0 % 100.0 % 100.0 % 100.0 %

CENTER FINANCIAL CORPORATION SELECTED FINANCIAL DATA (Unaudited) (Dollars in thousands) September 30, December 31, September 30, 2008 2007 2007 Nonperforming loans: Construction Real Estate $ 2,152 $ - $ - Commercial 1,557 1,775 1,428 Consumer 307 457 445 Trade Finance 2,301 199 SBA 2,061 4,033 4,535 Total nonperforming loans 8,378 6,265 6,607 Other real estate owned - 380 - Total nonperforming assets 8,378 6,645 6,607 Guaranteed portion of nonperforming loans with SBA guarantee 2,485 2,740 2,418 Total nonperforming assets, net of SBA guarantee $ 5,893 $ 3,905 $ 4,189 Nine Months Year Nine Months Ended Ended Ended September 30, December 31, September 30, 2008 2007 2007 Balances Average total loans outstanding during the period $ 1,759,602 $ 1,656,842 $ 1,619,267 Total loans outstanding at end of period (1) $ 1,755,137 $ 1,810,112 $ 1,737,890 Allowance for Loan Losses: Balance at beginning of period $ 20,477 $ 17,412 $ 17,412 Charge-offs: Construction Real Estate 201 - - Commercial Real Estate 319 - - Commercial 3,347 2,725 2,032 Consumer 617 218 127 Trade Finance 725 - - SBA 424 609 84 Total charge-offs 5,633 3,552 2,243 Recoveries Real estate - - - Commercial 109 34 19 Consumer 78 72 54 Trade finance 10 - - SBA 114 17 7 Total recoveries 311 123 80 Net loan charge-offs 5,322 3,429 2,163 Provision for loan losses 6,330 6,494 4,370 Balance at end of period $ 21,485 $ 20,477 $ 19,619 Ratios: Nonperforming loans as a percent of total gross loans 0.48 % 0.35 % 0.38 % Nonperforming assets as a percent of total loans and other real 0.48 0.37 0.38 estate owned Net loan charge-offs to average loans 0.30 0.21 0.13 Provision for loan losses to average total loans 0.36 0.39 0.27 Allowance for loan losses to gross loans at end of period 1.22 1.13 1.13 Allowance for loan losses to total nonperforming loans 256 327 297 Net loan charge-offs to allowance for loan losses at end of period 24.77 16.75 11.03 Net loan charge-offs to provision for loan losses 84.08 52.80 49.50 (1) Net of deferred loan fees and discount on SBA loans sold

CENTER FINANCIAL CORPORATION SELECTED FINANCIAL DATA (Unaudited) Three Months Nine Months Ended Ended 9/30/08 6/30/08 3/31/08 12/31/07 9/30/07 9/30/08 9/30/07 Performance ratios: Return on average assets (0.61 )% 1.00 % 0.79 % 0.81 % 1.16 % 0.40 % 1.28 % Return on average equity (7.59 ) 12.97 10.47 10.03 14.47 5.17 16.02 Efficiency ratio 116.51 53.49 59.52 61.80 50.39 76.82 51.14 Net loans to total deposits at period end 107.07 108.10 110.2 113.44 113.02 107.07 113.02 Net loans to total assets at period end 85.19 84.37 85.81 85.99 85.60 85.19 85.60 As of the Dates Indicated 9/30/08 6/30/08 3/31/08 12/31/07 9/30/07 Capital ratios: Leverage capital ratio Consolidated Company 8.71 % 8.51 % 8.35 % 8.49 % 9.01 % Center Bank 8.73 8.46 8.23 8.28 8.80 Tier 1 risk-based capital ratio Consolidated Company 9.84 9.49 9.11 9.31 9.93 Center Bank 9.86 9.43 8.98 9.08 9.70 Total risk-based capital ratio Consolidated Company 11.03 10.63 10.25 10.42 11.08 Center Bank 11.04 10.57 10.11 10.19 10.85

CENTER FINANCIAL CORPORATION RECONCILIATION OF NON-U.S. GAAP MEASURES TO U.S. GAAP (Unaudited, in thousands) The following table sets forth the reconciliation of non-U.S. GAAP financial information included in the company's 2008 third quarter financial results news release, adjusted for the effects of the KEIC settlement expense and OTTI impairment expense: For the Three Months Ended September 30, 2008 Less Less GAAP KEIC OTTI Non-GAAP As Reported Effect Effect As Adjusted Noninterest expense $ 26,969 $ (7,700 ) $ (7,279 ) $ 11,990 Net (loss) income $ (3,159 ) $ 4,466 $ 4,222 $ 5,529 (Loss) earnings per share Basic $ (0.19 ) $ 0.27 $ 0.26 $ 0.34 Diluted $ (0.19 ) $ 0.27 $ 0.26 $ 0.34 Weighted average shares outstanding - basic and diluted 16,577,318 207,685 - 16,369,633 Efficiency ratio 116.51 % (33.26 )% (31.45 )% 51.80 % Return on average assets (0.61 )% 0.86 % 0.81 % 1.06 % Return on average equity (7.59 )% 10.73 % 10.14 % 13.28 %

SOURCE: Center Financial Corporation

Center Financial Corporation Lonny Robinson, Chief Financial Officer, 213-401-2311 lonnyr@centerbank.com or PondelWilkinson Inc. Angie Yang, Investor Relations, 310-279-5967 ayang@pondel.com