SAN DIEGO, CA – 12/8/2005 – B of I Holding Inc. (NASDAQ: BOFI) today announced Terry M. Harris as its new Chief Credit Officer. Terry will lead all lending activities and expand loan originations and product development for the Bank of Internet USA.

Mr. Harris brings with him over 25 years of executive experience in retail banking, consumer credit and residential mortgage lending. He recently developed Internet-based lending operations and applications systems at Clarkston State Bank, Cornerstone Federal Bank and Harris Financial Group. Mr. Harris also served as Vice President and Division Manager of Consumer Lending at both Crocker National Bank in San Francisco, CA and Michigan National Bank. He began his career at CitiCorp - Advance Mortgage Corporation as Controller of the Servicing Division. Mr. Harris holds a bachelor’s degree in marketing and a master’s degree in finance, both from Michigan State University.

"B of I Holding’s highly efficient Internet banking model sets it apart from other lenders," remarked Mr. Harris. "I look forward to adding my loan product and systems expertise into this dynamic organization," Mr. Harris said of his appointment. Gary Lewis Evans, CEO of B of I Holdings, Inc., commented, "We are pleased to have Terry Harris on our executive team. His extensive experience in top-tier lending organizations and Internet lending programs makes him a valuable addition to our team. He will play a vital role as we continue to develop innovative new loan products."

About B of I Holding, Inc.

B of I Holding, Inc. is the holding company of Bank of Internet USA and trades on NASDAQ under the symbol BOFI. The Bank of Internet USA is a consumer focused, FDIC insured, nationwide savings bank operating primarily over the Internet. It offers a variety of consumer banking services, focusing primarily on gathering retail deposits over the Internet and originating and purchasing multifamily and single-family loans and mortgage securities.