CALIFORNIA INDEPENDENT BANCORP


January 22, 2003


FOR IMMEDIATE RELEASE                 Contact:  John I. Jelavich, President/CEO
                                                (530) 674-6025


         California Independent Bancorp Declares Increased Cash Dividend

Yuba City,  California . . . At the regular meeting of the Board of Directors of
California  Independent  Bancorp on  Tuesday,  January  21,  2003 the  Directors
declared  a twelve and  one-half  cent  ($0.125)  per share  cash  dividend  (an
increase  from prior  quarterly  dividends of eleven cents per share) on all the
outstanding  common  stock of the  Corporation,  payable on February 28, 2003 to
shareholders of record as of the close of business, February 14, 2003.

The Company has paid cash dividends on its common stock since 1980, and has paid
consecutive quarterly cash dividends since 1991.

California  Independent Bancorp stock is listed on the NASDAQ Stock Market Inc.,
using the trading symbol "CIBN".

California  Independent  Bancorp and its  subsidiary,  Feather River State Bank,
engages in a broad range of financial services activities. Its primary market is
located in the Sacramento  Valley,  with a total of nine branches  positioned in
five counties.  In addition,  the Bank operates loan  production  offices at its
Yuba City, Woodland,  and Roseville branch locations emphasizing commercial real
estate,  residential  construction,   agribusiness,   consumer,  and  commercial
lending.