Commercial Capital Bancorp Inc. Completes Initial Public Offering of 5,000,000 Shares of Common Stock At $8 Per Share.

Business Editors

IRVINE, Calif.--(BUSINESS WIRE)--Dec. 17, 2002

Commercial Capital Bancorp Inc. today announced the pricing of its initial public offering of 5,000,000 shares of common stock (Nasdaq:CCBI) at $8 per share.

Commercial Capital Bancorp also has granted the underwriters an overallotment option to acquire an additional 375,000 shares at the public offering price. The newly issued shares are scheduled to begin trading Wednesday, Dec. 18, on the Nasdaq National Market under the symbol "CCBI." The offering was managed by Sandler O'Neill & Partners, L.P. and Friedman, Billings, Ramsey & Co. Inc.

With headquarters in Orange County, California, Commercial Capital Bancorp, is the holding company for Commercial Capital Bank, FSB, a federally chartered savings bank, Financial Institutional Partners Mortgage Corp., a multifamily and commercial mortgage banking company, and ComCap Financial Services Inc., a NASD registered broker dealer.

At Sept. 30, 2002, Commercial Capital Bancorp had consolidated total assets of $753 million, net loans held for investment of $406.5 million, total deposits of $328.1 million and stockholders' equity of $38 million.

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.