Strategic Direction Decided: USA Bank Seeking Partner

  USA Bank (OTCBB: USBK) announced today
that it has completed the previously announced review of its financial
position and strategic options, which included an assessment of current
economic conditions and their continuing impact on the Bank's commercial
real estate and construction loan portfolio.

Based on this review, the Bank has concluded that its loan portfolio has continuing exposure to the above referenced markets, which will be reflected in an addition to loan loss reserves when the Bank reports its third quarter 2009 financial results in November.

USA Bank has further concluded that it will be in the best interests of the Bank and its shareholders to pursue a transaction with either a strategic or financial partner to provide the capital needed to resume taking advantage of the strong market demographics of the communities it serves. To that end, the bank has authorized its financial advisor, Laidlaw & Company, to commence efforts to identify a partner for the Bank and to assist in the consummation of such a transaction.

The Chairman of the Bank, Fred A. DeCaro III, said, "While there is little doubt that completing a transaction will involve a new partner assuming a controlling interest in the Bank, it is also very clear to the Board that the fundamentals underlying the formation of the Bank remain strong despite the current economic environment."

About USA Bank

USA Bank began operations in 2005 as a community bank dedicated to serving the financial needs of individuals, families and businesses in Westchester and Fairfield Counties. USA Bank is staffed by experienced, community-focused bankers who are dedicated to offering the highest level of customer service and the latest technology to meet and exceed the expectations of their clients. The Bank's web address is www.usa-bankers.com.

"Safe Harbor" Statement under Private Securities Litigation Reform Act of 1995

Some of the statements contained in this press release may include forward-looking statements which reflect our current views with respect to future events and financial performance. Statements which include the words "expect," "intend," "plan," "believe," "project," "anticipate" and similar statements of future or forward-looking nature identify forward-looking statements for purposes of the federal securities laws or otherwise. All forward-looking statements address matters that involve risks and uncertainties. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in these statements or that could adversely affect the holders of our common stock.

These factors include, but are not limited to, those outlined in the Bank's Annual Report on Form 10-K for the year ended December 31, 2008, which was filed with the Federal Deposit Insurance Corporation and is publicly available from the FDIC's Accounting and Securities Disclosure Section, 550 17th Street, N.W., Washington, D.C. 20429 and on the Bank's website at www.usa-bankers.com.

For more information call: Ronald J. Gentile President & CEO 914-417-3205