8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

February 21, 2006

(Date of earliest event reported)

COMMERCIAL CAPITAL BANCORP, INC.

(Exact name of registrant as specified in its charter)

Nevada	000-50126	33-0865080
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

8105 Irvine Center Drive, 15th Floor, Irvine, California	92618
(Address of principal executive offices)	(Zip Code)

(949) 585-7500

(Registrant's telephone number, including area code)

Not Applicable

(Former name, former address and former fiscal year, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01: Other Events

On February 21, 2006, Commercial Capital Bancorp, Inc. (the “Company”) and Calnet Business Bank, National Association (“Calnet”) (OTC BB: CNLB) announced by press release that the Office of Thrift Supervision has approved the acquisition of Calnet by the Company. Pursuant to the terms of the merger agreement, Calnet will merge with and into Commercial Capital Bank, FSB. The acquisition is expected to close during March 2006.

Item 9.01: Financial Statements and Exhibits.

(a) Not applicable.

(b) Not applicable.

(c) The following exhibit is included with this Report:

Exhibit 99.1 Press Release dated February 21, 2006.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

COMMERCIAL CAPITAL BANCORP, INC.

By:		/s/ Stephen H. Gordon
	Stephen H. Gordon
	Chairman of the Board and
	Chief Executive Officer

Date: February 21, 2006

EX-99.1

COMMERCIAL CAPITAL BANCORP, INC.’S ACQUISITION OF CALNET BUSINESS BANK RECEIVES REGULATORY APPROVAL

Irvine, CA – February 21, 2006 – Commercial Capital Bancorp, Inc. (the “Company”) (NASDAQ: “CCBI”) and Calnet Business Bank, National Association (“Calnet”) (OTC BB: CNLB) announced today that the Office of Thrift Supervision has approved the acquisition of Calnet by the Company. Pursuant to the terms of the merger agreement, Calnet will merge with and into Commercial Capital Bank, FSB. The acquisition is expected to close during March 2006.

Stephen H. Gordon, Chairman and Chief Executive Officer of the Company, commented, “We are excited about combining our strong capital and organizational infrastructure with Calnet’s robust presence in the growing Sacramento Valley market. Calnet has a solid track record of attracting low-cost core deposits and impressive track record of growth. We look forward to continued growth from Calnet’s scalable platform, and building upon their successful high margin business throughout our franchise.”

Peter J. Raffetto, President and Chief Executive Officer of Calnet, remarked, “We are proud of the success and accomplishments of Calnet, and excited about the opportunity of replicating our business model throughout the Commercial Capital franchise.”

At December 31, 2005, Calnet had total assets of $176.6 million, total deposits of $152.9 million, total loans of $107.4 million and total shareholders equity of $22.7 million. Calnet conducts its Greater Sacramento Valley deposit gathering and lending business from a single location in Sacramento. Calnet’s lending programs focus on commercial real estate, construction and business loans within the Greater Sacramento Valley of California. During the fourth quarter of 2005, Calnet’s cost of funds, which includes noninterest-bearing deposits, was 1.1%, and its net interest margin was 5.70%.

Commercial Capital Bancorp, Inc. is a diversified financial services company with $5.46 billion of total assets, at December 31, 2005. The Company provides depository and lending products and services under the Commercial Capital Bank brand name, and provides 1031 exchange services to income property investors nationwide under the TIMCOR Exchange Corporation and North American Exchange Company brand names.

This press release may include forward-looking statements related to the 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. The Company undertakes no obligation to revise or publicly release any revision to these forward-looking statements.

Contact:
Commercial Capital Bancorp, Inc.		Calnet Business Bank, National Association
Stephen H. Gordon, Chairman & CEO			Peter J. Raffetto		President & CEO
James H. Leonetti, Chief Financial Officer & EVP
Telephone:	(949) 585-7500		Telephone:		(916) 927-7000
Facsimile:	(916) 567-9693			Facsimile:	(949) 585-0174