Commercial Capital Bancorp Announces Underwriters Exercise Their Over-Allotment Option to Purchase an Additional 375,000 Shares of Common Stock.

Business Editors

IRVINE, Calif.--(BUSINESS WIRE)--Jan. 6, 2003

Commercial Capital Bancorp Inc. ("CCB" or the "Company") (Nasdaq:CCBI) today announced that Sandler O'Neill & Partners, L.P. and Friedman, Billings, Ramsey & Co. Inc., as representatives of the underwriters of CCB's recent initial public offering, have exercised the over-allotment option to purchase an additional 375,000 shares of the Company's Common Stock at $8 per share.

The issuance of the additional 375,000 shares is expected to be completed on Jan. 9, 2003.

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 is the holding company for Commercial Capital Bank, FSB (the "Bank"), Financial Institutional Partners Mortgage Corp. ("FIPMC") and ComCap Financial Services. At Sept. 30, 2002, CCB had total assets of $753 million, and its subsidiary, Commercial Capital Bank, was the fastest growing banking organization in Orange County, based on percentage growth in total assets on a quarterly basis over the 24 months ended June 30, 2002 (source: www.fdic.gov).

The Bank has full service branches at the Company's headquarters in Irvine, Riverside, and in Rancho Santa Margarita, Calif. FIPMC, the 4th largest multifamily lender in California during the 12 months ended Sept. 30, 2002, has originated approximately $1.8 billion in loans since its inception through Sept. 30, 2002, and has loan origination offices in Burlingame, Corte Madera (Marin County), Oakland, Woodland Hills, Los Angeles, Irvine and San Diego. ComCap, a NASD registered broker dealer, is located in the Company's Irvine headquarters and provides fixed income securities brokerage services to corporations, high net worth individuals and other financial institutions.

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. CCB undertakes no obligation to revise or publicly release any revision to these forward-looking statements.

A registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of such state.

Copies of the prospectus relating to the offering may be obtained from Sandler O'Neill & Partners, L.P., 919 Third Avenue, 6th Floor, New York, N.Y., 10022, Attention: Syndicate Department.