CalFirst

California First National Bancorp is a bank holding company with a bank subsidiary, California First National Bank (the Bank) and leasing subsidiary, California First Leasing Corp (CalFirst Leasing). The primary business of the Company is leasing and financing capital assets, while CalFirst Bank also participates in the syndicated commercial loan market, provides business loans to fund the purchase of assets leased by third parties, including CalFirst Leasing, and offers commercial loans directly to businesses. CalFirst Bank gathers deposits from a centralized location primarily through posting rates on the Internet. All banking and other operations are conducted from one central location. As of June 30, 2012, leases accounted for 75% of the Company’s net investment in leases and loans. The Company leases and finances most capital assets used by businesses and organizations, with a focus on high technology systems and other mission critical assets.