LAKEWOOD, Colo., April 27 /PRNewswire-FirstCall/ --

Solera National Bancorp, Inc. (OTC Bulletin Board: SLRK) Q1 2009 Performance Highlights

-- Strong Loan Production: The loan portfolio grew 45% during Q1 2009

representing a $9.7 million increase from Q4 2008. On an annual basis,

the loan portfolio grew 302% representing a $23.3 million increase from

Q1 2008.

-- Credit Quality Remains Strong: As a result of prudent risk management

policies, Solera National Bank has no non-performing assets as of March

31, 2009. The bank has established an allowance for loan losses at

1.24% of gross loans as of March 31, 2009.

-- Customer Deposits: Customer deposits grew 47% during Q1 2009

representing a $17.8 million increase from Q4 2008. On an annual basis,

customer deposits grew 253% representing a $39.8 million increase over

Q1 2008.

-- Number of Accounts: The number of deposit accounts grew 34% to 1,034

accounts as of March 31, 2009 from 773 accounts as of December 31, 2008.

The number of loans grew 19% to 114 as of March 31, 2009 from 96 loans

as of December 31, 2008.

-- Increased Operating Efficiency: The quarterly operating loss as of

March 31, 2009 declined 37% compared to Q4 2008; and declined 16% on an

annual basis as compared to Q1 2008.

-- Continued Capital Strength: Solera National Bank's capital ratios

far exceed the regulatory requirements of a well-capitalized bank.

Solera National Bank__ Well-Capitalized

Tier 1 leverage ratio__ 19.2%__ 5.0%

Total risk-based capital ratio__ 30.2%__ 10.0%__

Solera National Bancorp, Inc. (OTC Bulletin Board: SLRK) ("Company") today reported first quarter 2009 financial results which reflect strong customer acquisition and balance sheet growth. Commenting on the first quarter performance, President and Chief Executive Officer, Douglas Crichfield stated, "due to our selective business development efforts, we maintained our credit quality standards while growing our loan portfolio 45% and increasing customer deposits 47% during the first quarter of 2009 as compared to the trailing quarter."

"We are extremely pleased with the healthy growth in our business- - an impressive accomplishment in today's generally sluggish economy. Our results speak to the strength of our management team and employees who continue to execute according to plan."

"The turmoil in the financial sector has created significant opportunities for our Company. As many of our competitors strive to de-lever the balance sheet, we are opportunistically building new relationships with local businesses, professionals and individuals."

Balance Sheet Summary at March 31, 2009

The Company reported total assets of $87.4 million as the close of the first quarter, a $19.6 million increase from the balance recorded at December 31, 2008. Loans represented $31.0 million, or 36%, of total assets at the close of the first quarter, signifying a three-month increase of $9.7 million over the trailing quarter.

At the end of the first quarter of 2009, the Company had no non- performing assets. As a result of our significant loan growth, the allowance for loan losses was increased by $117,500 from the trailing quarter to $385,500 representing 1.24% of gross loans.

In addition to cash flows generated through loan and securities repayments, the Company's funding primarily stems from deposits and borrowed funds. Customer deposits totaled $55.5 million at the end of the current first quarter, representing a three-month increase of $17.8 million and an increase of $39.8 million over Q1 2008.