Exhibit 99.(a)(5)(v)

                         California Independent Bancorp
               Announces Preliminary Results of Self Tender Offer


YUBA  CITY,  Calif.,  January 2, 2003  /PRNewswire/  --  California  Independent
Bancorp (Nasdaq:  CIBN - News),  announced today the preliminary  results of its
modified Dutch Auction tender offer which expired at 5:00 p.m., eastern time, on
Monday, December 30, 2002.

Based on a preliminary count by the depositary for the tender offer, the Company
will purchase 76,292 shares of common stock that were properly  tendered and not
withdrawn  at a purchase  price of $25.00 per share.  The number of shares to be
purchased is preliminary and includes  certain shares tendered  through a notice
of guaranteed  delivery that are subject to  verification by the depositary that
such shares were  validly  tendered.  The final number of shares to be purchased
will be announced promptly following completion of the verification process.

California Independent Bancorp,  through its subsidiary Feather River State Bank
(www.frsb.com),  engages in a broad range of financial service  activities.  Its
primary  market is in the  Sacramento  Valley,  with nine branches in Yuba City,
Arbuckle,  Colusa,  Marysville,  Wheatland,  Woodland,  Lincoln,  and Roseville,
California serving Sutter, Yuba, Colusa, Yolo, and Placer counties.