Commercial Capital Bancorp Announces Trustee Capabilities for Captive Insurance Companies.

Business Editors

IRVINE, Calif.--(BUSINESS WIRE)--May 6, 2002

In its ongoing effort to provide high quality private banking services to businesses, real estate investors, high net worth individuals, families, and professionals, Commercial Capital Bancorp Inc. ("CCB") announced that its banking subsidiary, Commercial Capital Bank (the "bank"), has developed, and now provides, full trustee capabilities for domestic and offshore Captive Insurance Company Trusts.

The bank's Trust Department has a unique understanding of, and approach to, managing Captive Trusts. Trust and investment management services are provided to Captive Insurance Companies for various types of insurance products, including Workers' Compensation, Automotive Service Contracts and other related contracts.

Unlike earlier alternatives where the assets were held in offshore accounts, the Captive Trust's assets are held and administered by the bank's Trust Department domestically. By utilizing a domestic trust company, clients are assured of proper trust administration, professional asset management and compliance with applicable rules and regulations.

Through its Trust Department, the bank provides customized investment management services to its private banking clientele. Investment management services are outsourced to, and provided by, SEI Investments ("SEI"). With $77 billion under management, SEI (Nasdaq:SEIC) is one of the largest providers of investment management services to clients of financial institutions in the country.

Through the bank's relationship with SEI, clients gain access to money managers and sophisticated investment strategies typically not available to retail investors. By "managing the managers," SEI utilizes multiple money managers within various disciplines, managing a portfolio that is well diversified and performance driven.

Clients with minimum assets of $500,000 gain access to world-class money managers typically non-accessible to investors with assets under $10 million. In addition to investment management services, the bank's Trust Department offers trustee services for various types of trusts including Charitable Trusts, Foundations, Corporate Trusts, Insurance Trusts and Irrevocable Trusts.

CCB, with headquarters in Irvine is a multifaceted financial services company with an initial core focus to provide financial services which meet the needs of its client base of middle market commercial businesses, income-property real estate investors, high net-worth individuals, families and professionals. CCB became the holding company for the bank and F.I.P. Mortgage Corp. ("FIPMC") at year-end 2000 through the completion of a share exchange, beginning its consolidated operations in 2001.

At month-end March 2002, CCB had total assets of $599 million, while its subsidiary bank, Commercial Capital Bank, was the fastest growing bank in Orange County, based on percentage growth in total assets, for the six and 24 months ended December 2001. The bank has full service branches at the company's headquarters in Irvine, and in Riverside, Calif., and plans to open its third branch, in the summer of 2002, to be located in the Plaza El Paseo Center in Rancho Santa Margarita, Calif.

FIPMC, the 4th largest multifamily lender in California, has loan origination offices in Burlingame, Corte Madera (Marin County), Oakland, Calabasas, Los Angeles, Irvine and San Diego.

This news release may include forward-looking statements (related to each company's plans, beliefs and goals), which involve certain risks, and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such risks and uncertainties include, but are not limited to, the following factors: competitive pressure in the banking industry; changes in the interest rate environment; the health of the economy, either nationally or regionally; the deterioration of credit quality, which would cause an increase in the provision for possible loan and lease losses; changes in the regulatory environment; changes in business conditions, particularly in California real estate; volatility of rate sensitive deposits; asset/liability matching risks and liquidity risks; and changes in the securities markets. Commercial Capital Bancorp undertakes no obligation to revise or publicly release any revision to these forward-looking statements.