EXHIBIT 99.1

                                  Press Release


                              For Immediate Release
                            For Further Information:

                             At PBOC Holdings, Inc.
                                J. Michael Holmes
                                 (323) 954-6651

                            At The Bank of Hollywood
                                 Terry Jorgensen
                                 (323) 464-0452

               PBOC Holdings, Inc. and Peoples' Bank of California
                     Agree to Acquire The Bank of Hollywood

      Los Angeles, California, June 22, 1999 - PBOC Holdings, Inc. ("PBOC")
(NASDAQ:PBOC), its wholly owned subsidiary, People's Bank of California, a
federally chartered savings bank (the "Bank"), and The Bank of Hollywood ("BOH")
jointly announced today the signing of a definitive agreement pursuant to which
PBOC, through the Bank, will acquire BOH, a California commercial bank
headquartered in Hollywood California. BOH will merge with and into the Bank and
is expected to be operated as a division of the Bank. BOH, which was chartered
as a California commercial bank in 1981, is headquartered in Hollywood,
California, and operates a full-service branch in Toluca Lake. People's Bank
currently operates 21 full-service branches located in Los Angeles, Orange and
Ventura counties in Southern California.

      Under the terms of the agreement, which was approved unanimously by both
boards of directors, holders of BOH common stock will receive $19.00 in cash for
each share of BOH common stock. The transaction has an aggregate estimated value
of approximately $28.6 million.

      BOH had total assets of $138 million, total deposits of $124 million and
stockholders' equity of $13 million at March 31, 1999. The assets of the
combined entity, on a pro-forma basis as of March 31, 1999, would total $3.5
billion. The transaction will be accounted for as a purchase and is expected to
be immediately accretive to both reported and cash earnings of PBOC.

      Commenting on the transaction, Rudolph P. Guenzel, President and Chief
Executive Officer of PBOC stated, "I am pleased to announce the acquisition of
The Bank of Hollywood. This transaction strengthens our current banking
franchise in Southern California and we are


confident that it will enhance shareholder value and provide for long-term
benefits for our shareholders, customers and, particularly, the vibrant
communities that PBOC and The Bank of Hollywood currently serve."

      Terry C. Jorgensen, President and Chief Executive Officer of The Bank of
Hollywood, commented "We are extremely pleased to be partnering with PBOC. The
transaction will combine two like-minded institutions which are customer and
community focused. PBOC shares our commitment to community involvement and
quality customer service. This partnership allows The Bank of Hollywood to
deliver more services to our customers. I know that PBOC also looks forward to
providing meaningful banking services in America's most famous city, Hollywood,
at a time when that city is experiencing a great reinvestment and
revitalization."

      The transaction is expected to close in the fourth quarter of calendar
1999 and is subject to receipt of various regulatory approvals, approval of
BOH's shareholders and certain other conditions.