COMMERCIAL CAPITAL BANCORP, INC. ISSUES $10.0 MILLION OF
TRUST PREFERRED SECURITIES

IRVINE, CA - December 19, 2003 - Commercial Capital Bancorp, Inc. (“CCBI” or the “Company”), (NASDAQ: “CCBI”), announced today the issuance of $10.0 million of floating rate trust preferred securities, through a newly created subsidiary, CCB Capital Trust V, a Delaware special-purpose business trust. The Company received cash proceeds of $9,925,000, net of fees and other expenses, and contributed all of the net proceeds to Commercial Capital Bank (the “Bank”), the Company’s bank subsidiary. These capital securities, which mature in 30 years and are callable beginning in 5 years, reset quarterly and bear interest at a rate equal to three-month LIBOR plus a margin of 2.75%, initially set at a pretax interest cost of 3.92%.

Stephen H. Gordon, Chairman and Chief Executive Officer stated, “As we approach the end of 2003, we view this issuance of trust preferred securities as a strategic opportunity to provide low-cost, non-dilutive equity to the Company’s bank subsidiary in anticipation of projected strong growth in 2004.” Gordon continued, “The additional equity increases the Bank’s Tier 1 core capital which totaled $116.8 million, or 8.28%, at September 30, 2003, and will support significant growth in loans and deposits, which in turn will continue to increase the Company’s net interest income.”

CCBI, headquartered in Irvine, CA, is a multifaceted financial services company which provides financial services to meet the needs of its client base, which includes income-property real estate investors, middle market commercial businesses, and high net-worth individuals, families and professionals. At September 30, 2003, CCBI had total assets of $1.45 billion, was the 4th largest multi-family lender in California during the 12 months ended September 30, 2003 (source: Dataquick Information Systems) and has originated approximately $2.8 billion in multi-family and commercial real estate loans through September 30, 2003. Commercial Capital Bank, the Company’s bank subsidiary, was the fastest growing banking organization in California, based on percentage growth in total assets over the 36 months ended September 30, 2003 (source: www.fdic.gov). The Bank has full service banking offices located at the Company’s headquarters in Irvine, Rancho Santa Margarita, Riverside, and La Jolla and loan origination offices in Sacramento, Corte Madera (Marin County), Oakland, Burlingame, Woodland Hills, Encino, Los Angeles, Irvine, and La Jolla, CA. Commercial Capital Mortgage, Inc., the Company’s mortgage banking subsidiary, funds and sells those loans which the Bank elects to assign to CCM. ComCap Financial Services, Inc., the Company’s NASD registered broker dealer, provides fixed income and mortgage-backed securities advisory and brokerage services to corporations, high net-worth individuals and other financial institutions. Commercial Capital Asset Management, Inc., the Company’s asset management subsidiary, provides asset management services to alternative investment funds, made available to accredited investors.

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

COMMERCIAL CAPITAL BANCORP, INC. ISSUES $10.0 MILLION OF TRUST PREFERRED SECURITIES

COMMERCIAL CAPITAL BANCORP, INC. ISSUES $10.0 MILLION OF
TRUST PREFERRED SECURITIES