California Bank of Commerce Announces Results for the 2nd Quarter 2008, on the Eve of Its First Anniversary, Surpassing $103 Million in Total Assets

LAFAYETTE, CA--(Marketwire - July 17, 2008) - California Bank of Commerce (OTCBB: CABC), a unique commercial bank in the San Francisco Bay Area targeting middle market businesses and professionals, today announced financial results for the quarter end June 30, 2008, with strong growth in all key business lines. At the end of the second quarter, Total Assets were up by 29% over the end of the first quarter, 2008. Total Loans grew 64% and Total Deposits grew 44% over the same period.

"As we release our results for the Second Quarter of 2008 we celebrate our one year anniversary. The Bank has a strong pipeline of business loan and deposit prospects. We have lots of capital. Our liquidity is ample. We are appropriately positioned for healthy, prudent growth," said John E. Rossell III, president and CEO, California Bank of Commerce. "Our reputation as a uniquely competent bank for business is working its way throughout the Bay Area, so we see more good things ahead," added Rossell.

Total Assets at June 30, 2008 stood at $103.2 million, up $23 million from $80.0 million at March 31, 2008. During the same period, Total Loans reached $53.5 million, up $20.8 million from $32.7 million at March 31, 2008. Commercial & Industrial (C&I) loans grew 31% reaching $27.4 million on June 30, 2008 versus $20.9 million at March 31, 2008. C&I loans are the Bank's core credit product, but the Bank also makes Commercial Real Estate, construction and Small Business Administration Guaranteed Loans. The Bank has no residential mortgage loans on its books. The Bank reported no delinquent or non performing loans as of June 30, 2008.

Total deposits reached $80.1 million at June 30, 2008, up $25.3 million from $55.7 million on March 31, 2008. The increase in deposits was due to a combination of new clients and the continued success of the Bank's Digital Remote Check Deposit technology. During the quarter just ended, the Bank grew non-interest bearing deposits by 44% to $13.5 million compared to $9.4 million at March 31, 2008.

The Bank's capital ratios remain well above regulatory requirements for a "well capitalized" bank. At June 30, 2008, the Bank had $25.3 million of cash and cash equivalents on its balance sheet and had in place back-up credit facilities totaling more than $19 million. In addition, the Bank has been granted access by the Federal Reserve Bank of San Francisco to its discount window credit facility. Despite a challenging rate and margin environment, the Bank remains on plan with regard to the execution of its strategic plan.

About California Bank of Commerce

California Bank of Commerce was designed and built to provide a unique banking experience for businesses, entrepreneurs, and their families. California Bank of Commerce provides a broad range of commercial banking and advisory services to mid-market businesses and professionals throughout the San Francisco Bay Area. For more information on California Bank of Commerce and our unique banking experience, call us at 925-283-2265, or visit us at www.californiabankofcommerce.com.

Contact Information: Contact: Mark DeVincenzi 925-444-2916