Commercial Capital Bancorp Inc. Announces Retail Banking Expansion Plans.

Business Editors

IRVINE, Calif.--(BUSINESS WIRE)--April 23, 2002

Commercial Capital Bancorp Inc. ("CCB" or the "company") today announced that its bank subsidiary, Commercial Capital Bank (the "bank"), has entered into an agreement to open another retail banking branch in Orange County, Calif.

The new branch, located in the Plaza El Paseo Center in Rancho Santa Margarita, at 22312 El Paseo, is part of the bank's strategy of providing high-end, private and business banking services to its clientele.

The 2,500-square-foot full-service branch, together with an additional detached ATM Kiosk, located in one of Orange County's fastest-growing regions, is expected to open in July 2002. The long-term lease includes the exclusive right to offer banking services in the Plaza El Paseo Center.

The new branch will offer a wide variety of financial services to consumers and businesses in the Rancho Santa Margarita, Coto de Caza, Dove Canyon, Ladera Ranch and Mission Viejo areas of South Orange County. The branch will be a truly full-service branch that brings together the best the bank has to offer in retail, business banking and asset management services.

Depository services will include checking, money market, savings, CDs and cash management. Additionally, all of these services are available online through the bank's Internet banking platform available at www.commercialcapital.com. Loan services will include personal and business lines of credit, multifamily and commercial real estate loans and single-family residential loans.

Additionally, the bank's Trust Department will provide high-end asset management services through its partnership with SEI Investments (Nasdaq:SEIC), which has $77 billion in assets under management. As an added convenience for individuals looking for quick access to an ATM, the bank will place an ATM in the kiosk at the northwest corner of Plaza El Paseo, as well as one located at the branch.

Plaza El Paseo is located between two high-traffic corridors: Rancho Santa Margarita Parkway and Antonio Parkway, with a combined traffic count of 90,000 vehicles passing per day. The center is adjacent to the library and the proposed site of the Rancho Santa Margarita Civic Center and as such will be a focal point for community events.

The population of approximately 68,000 living within a three-mile radius has an average household income of $129,756. According to demographic forecasts, the population is expected to grow to 83,000 by the year 2006. Other businesses within the center include Kohl's Department Store, Border's Books, Bed Bath and Beyond, and restaurants include Canyon, Opah, Cinnamon Productions, Baja Fresh, Daphne's Greek Restaurant, Wood Ranch Barbeque and Cold Stone Creamery.

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 income-property real estate investors, related real estate service companies, middle market commercial businesses and high net-worth individuals, families and businesses.

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 and its bank subsidiary, 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. FIPMC 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.