SAN DIEGO, CA – 10/31/06 -- BofI Holding, Inc. (NASDAQ: BOFI) holding company for Bank of Internet USA announced that Kenneth D. Darling has joined the Bank as Vice President, Chief Loan Officer. Kenn joins BofI as the company initiates new services to expand consumer lending and affiliate marketing.

Kenn comes to the Bank with seven years experience in Internet consumer lending and 16 years experience in auto lending with as much as $2 Billion in assets and 300 employees under his guidance. Kenn's knowledge covers all aspects of lending, risk management, and collection process.

Bank of Internet President, Gary Lewis Evans, said, "Kenn's experience in building a sound portfolio and his energy adds a tremendous boost to Bank of Internet USA for growing Internet originated consumer loans such as autos and RV's. His product knowledge will fit perfectly with our growth plans. Our clients will appreciate the value of his financial expertise as well as his proactive approach to Internet lending". Kenn's hiring is a part of Bank of Internet USA current growth initiatives that will facilitate profitable growth in a flat yield curve environment. Mr. Evans went on to say that, "we are very excited to have Kenn join our team serving our growing nationwide clientele".

B of I Holding, Inc.
Gary Lewis Evans, CEO
858-350-6213
Gary@BankofInternet.com