Epic Bancorp Announces 10% Increase in Dividend

  
    
  
  
    
      Epic Bancorp (the “Company") (NASDAQ:EPIK), 
      the parent company for Tamalpais Bank and Tamalpais Wealth Advisors, 
      today reported that the Company’s Board of 
      Directors has declared a cash dividend of $0.055 per share. The dividend 
      will be paid on May 30, 2008 to shareholders of record as of May 16, 
      2008. The $0.055 dividend is 10% higher than the previous dividend of 
      $0.05 declared in January 2008 and October 2007, and is 22% higher than 
      the $.045 dividend declared in July and April 2007.
    
    
      As previously announced, the Company reported record levels of net 
      income and earnings per share in the first quarter of 2008.
    
    
      “On the heels of our record financial 
      performance, our Board has chosen to increase the quarterly dividend as 
      an important element in our strategic plan to build long term 
      shareholder value,” said Mark Garwood, 
      President/CEO. “The increasing quarterly 
      dividend complements our strong balance sheet growth, robust earnings, 
      minimal level of nonperforming assets, and an expanded presence in the 
      local business banking community.”
    
    
      About Epic Bancorp
    
    
      Epic Bancorp (www.epicbancorp.com) 
      based in San Rafael, CA, is the parent company of Tamalpais Bank and 
      Tamalpais Wealth Advisors. The Company had $601 million in assets and 
      $396 million in deposits as of March 31, 2008. Shares of the Company's 
      common stock are traded on the NASDAQ Capital Market System under the 
      symbol EPIK. For additional information, please contact Mark Garwood at 
      415-526-6400.
    
    
      About Tamalpais Bank
    
    
      Tamalpais Bank, a wholly owned subsidiary of Epic Bancorp, operates 
      seven branches in Marin County and loan production offices in Santa Rosa 
      and Roseville, CA. The branches are located in Corte Madera, Greenbrae, 
      Mill Valley, San Anselmo, San Rafael, Terra Linda, and 
      Tiburon/Belvedere. For additional information, please contact Mark 
      Chapman at 415-526-6485.
    
    
      About Tamalpais Wealth Advisors
    
    
      Tamalpais Wealth Advisors, located in San Rafael, specializes in helping 
      clients of Tamalpais Bank and other high net worth families and 
      institutional clients reach their financial goals through a 
      collaborative, comprehensive and education-oriented approach to 
      investment management. Tamalpais Wealth Advisors had $279 million in 
      assets under management as of March 31, 2008. For additional 
      information, please contact Bill Osher at 415-526-4300.
    
    
      This news release contains forward-looking statements with respect to 
      the financial condition, results of operation and business of Epic 
      Bancorp and its subsidiaries. These include, but are not limited to, 
      statements that relate to or are dependent on estimates or assumptions 
      relating to the prospects of loan growth, credit quality, changes in 
      securities or financial markets, and certain operating efficiencies 
      resulting from the operations of Tamalpais Bank and Tamalpais Wealth 
      Advisors. These forward-looking statements involve certain risks and 
      uncertainties. Factors that may cause actual results to differ 
      materially from those contemplated by such forward-looking statements 
      include, among others, the following possibilities: (1) competitive 
      pressure among financial services companies increases significantly; (2) 
      changes in the interest rate environment reduce interest margins; (3) 
      general economic conditions, internationally, nationally or in the State 
      of California are less favorable than expected; (4) legislation or 
      regulatory requirements or changes adversely affect the businesses in 
      which the consolidated organization is or will be engaged; (5) the 
      ability to satisfy the requirements of the Sarbanes-Oxley Act and other 
      regulations governing internal controls; (6) volatility or significant 
      changes in the equity and bond markets which can affect overall growth 
      and profitability of our wealth management business, and (7) other risks 
      detailed in the Epic Bancorp filings with the Securities and Exchange 
      Commission. When relying on forward-looking statements to make decisions 
      with respect to Epic Bancorp, investors and others are cautioned to 
      consider these and other risks and uncertainties. Epic Bancorp 
      disclaims any obligation to update any such factors or to publicly 
      announce the results of any revisions to any of the forward-looking 
      statements contained herein to reflect future events or developments.