First Commerce Bancorp Announces Capital Offering Oversubscribed.

ENCINO, Calif. -- First Commerce Bancorp (OTCBB:FCCC), the holding company for First Commerce Bank, a California state-chartered bank headquartered in Encino, Calif., successfully concluded an intrastate public offering of shares of its common stock, the objective of which was to raise $6 million, President and CEO Jack Feldman announced today.

"The offering was oversubscribed by approximately $235,000. The oversubscription of the capital offering is an unmistakable expression of the confidence the local business community has in First Commerce Bancorp," said Feldman.

Feldman said the Bank plans to use approximately $5 million of the net proceeds of this offering to increase its capital to fund its continued growth. The balance will remain in the Bancorp to enhance its working capital.

First Commerce Bancorp is located at 16861 Ventura Boulevard, Encino, Calif. First Commerce Bank operates branches in Encino, Glendale and Los Angeles, Calif., and specializes in providing a broad spectrum of financial products and services to corporate, professional and individual customers. The Bank is an SBA PLP lender. At March 31, 2006, the Bank had net loans of $170,315,000, total deposits of $219,153,000, and total assets of $243,970,000.

The Bank has been designated a Super Premier Performing Bank for the past four years by The Findley Reports, an independent service which rates the financial performance of California banks. The Bancorp's stock trades on the Over The Counter Bulletin Board (OTCBB) under the symbol FCCC.

Statements concerning future performance, developments or events, expectations for growth and income forecasts, and any other guidance on future periods constitute forward-looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to, loan production, balance sheet management, expanded net interest margin, the ability to control costs and expenses, interest rate changes, financial policies of the United States government, and general economic conditions. The Company disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any forward-looking statements contained in this release to reflect future events or developments.