California Bank of Commerce Announces Financial Results for the Quarter Ended December 31, 2007

LAFAYETTE, CA--(Marketwire - February 1, 2008) - California Bank of Commerce (OTCBB: CABC), a unique commercial bank in the San Francisco Bay Area which opened for business at the end of July 2007 targeting mid-market businesses, today announced financial results for the quarter ended December 31, 2007.

Balance Sheet

Total assets at December 31, 2007 increased $16.4 million or 44% to $53.4 million from $37.0 million at September 30, 2007. Loans increased $16 million to $17.8 million at December 31, 2007 from $1.8 million at September 30, 2007. The Bank's loan portfolio is diversified primarily across Commercial & Industrial and Commercial Real Estate sectors, made to clients throughout the Bay Area.

Deposits grew $17.0 million or 151% to $28.3 million at December 31, 2007 from $11.3 million at September 30, 2007. The Bank continues to leverage technology with a substantial percentage of deposit activity originating from our electronic Digital Check Deposit product. The Bank maintains deposit relationships both with consumers in the Lamorinda corridor and with mid-sized businesses from around the Bay Area.

California Bank of Commerce reported no delinquent or past due loans as of year end 2007. The Bank has no exposure to sub-prime and Alt-A loans.

Message from John E. Rossell III, President and CEO

With our first full quarter of operations just now completed, we are very pleased with our progress to date. Asset and deposit growth over the last three months exceeded our plan.

We continue to build upon our robust product line. Early in the fourth quarter we delivered ATM debit cards to our clients. In early October, we also launched our Digital Check Deposit product which provides our key clients with electronic check scanners, thus obviating the need for couriers or a trip to the bank.

In mid November our shares began trading on the OTC Bulletin Board under the symbol CABC. Later that same month, we moved into new quarters in the Mercantile Building in Lafayette.

At year end, we launched our small business administration division called Opportunity Capital. The new division will focus on will focus primarily on extending loans guaranteed by the U.S. Small Business Administration to owner operated businesses in the Bank's market area. This new Division will provide an outreach to small and emerging companies in a way that will complement our current larger middle market focus.

Contact Information: Contact: Mark DeVincenzi 925-444-2916