Exhibit 99.1

Birmingham Bloomfield Bancshares, Inc.
33583 Woodward Avenue
Birmingham, MI 48009
248-723-7200

July 26, 2011

For Immediate Release: Contact: Robert M. Farr
Chief Executive Officer
Birmingham Bloomfield Bancshares, Inc.
248-283-6430

Birmingham Bloomfield Bancshares, Inc.
Announces Continued Profitability with Second Quarter Results

BIRMINGHAM, MI — Birmingham Bloomfield Bancshares, Inc. (OTC Bulletin Board: BBBI.OB) (“the Company”), the holding company for Bank of Birmingham, today announced continued profitability and record earnings for the first six months of 2011. The favorable results are a product of improved margins, lower loan loss provision expense and increased noninterest income.

The Company reported net income of $261,000 or $0.15 per common share for the second quarter of 2011 compared to net income of $85,000 or $0.05 per common share for the same period of 2010. Net income for the six month period ended June 30, 2011 was $676,000 or $0.38 per common share compared to $67,000 or $0.04 per common share for the same period last year.

Results of Operation

The Company continues to experience an increase in net interest income as a result of growth in the loan portfolio, higher yields on earning assets and lower net funding costs. Net interest income for the second quarter of 2011 was $1.251 million an increase of 17.3% compared to the same period last year. Net interest margin continued the trend of quarterly improvement reaching 4.51% for the period. Net interest income for the first six months of 2011 increased 24.6% to $2.511 million compared to the same period ended June 30, 2010. Net interest margin for the six month period ended June 30, 2011 was 4.50% compared to 4.08% for the same period last year.

Provision expense for the second quarter of 2011 was $15,000, a decrease of $162,000 from the same period last year and $24,000 less than March 31, 2011. Total provision expense for the year to date period ending June 30, 2011 was $54,000 a reduction of $235,000 relative to same period of 2010. The lower provision expense reported for the current year is directly attributable to the improved credit quality of the loan portfolio and limited number of nonperforming assets. The Company did not experience any charge offs during the first six months of 2011, compared to $296,000 for the same period last year.

Revenue from non-interest income sources continue to positively impact the performance

5

Birmingham Bloomfield Bancshares, Inc.
33583 Woodward Avenue
Birmingham, MI 48009
248-723-7200

of the Company. Noninterest income for the second quarter of 2011 was $280,000 an increase of $243,000 compared to the same period last year. Total non-interest income for the six month period ended June 30, 2011 reached $605,000, an increase of $541,000 relative to the same period of 2010. The improvement is a result of an increase in the volume of residential loans sold in the secondary market and Small Business Administration (“SBA”) loan activity. Mortgage related income for the three and six month period ended June 30, 2011 was $47,000 and $59,000, respectively. SBA loan sales generated revenue of $209,000 during the second quarter of 2011 and $501,000 for the six month period ended June 30, 2011. The mortgage and SBA revenue sources are new for the Company in 2011.

Total non-interest expense for the second quarter of 2011 was $1.207 million, an increase of $414,000 compared to the same period of last year and marginally higher than the $1.083 million reported at March 31, 2011. Year to date non-interest expense for 2011 totaled $2.290 million, an increase of $664,000 relative to the same period last year. The increase in expenses relative to the prior year periods are the result of costs associated with developing the mortgage division, adding additional loan production offices for mortgage activity, hiring additional personnel and engaging professionals to assist the Company with strategic objectives.

Balance Sheet

Total assets as of June 30, 2011 were $118.604 million, a modest increase from the period ended March 31, 2011, and a 7.5% increase from December 31, 2010. The balance sheet growth is the direct result of an increase in loan and deposit balances. The Company continues to focus on generating core, organic growth in our primary markets, by providing a diverse portfolio of products. The asset quality of the Company remains strong. Nonperforming assets as of June 30, 2011 totaled $298,000 and the allowance for loan loss represented 1.50% of total loans. At June 30, 2011 the Company’s book value was $4.60 and the subsidiary Bank continues to be classified as well capitalized based on regulatory capital guidelines.

Chief Executive Officer Rob Farr issued the results and commented “we are excited to report the positive results of the Company for the first six months of 2011. We have been able to achieve a Return on Average Assets before preferred dividends of 1.34% and maintain a strong margin given the difficult interest rate environment and economy. Our core profitability continues to perform above peer and provide value to the franchise. The results of the Company are a direct result of the strategic initiatives management and the Board have implemented over the past 12 months. We look forward to the remainder of the 2011 and the future of the organization.”

Birmingham Bloomfield Bancshares, Inc. is the holding company for Bank of Birmingham, a full-service community bank serving Oakland County. Bank of Birmingham is dedicated to providing financial services to small and medium sized

6

Birmingham Bloomfield Bancshares, Inc.
33583 Woodward Avenue
Birmingham, MI 48009
248-723-7200

businesses; their owners and employees; professionals; and individuals who work or reside in the Oakland County market area. Every Bank of Birmingham customer has a relationship manager who serves a single point of contact empowered to provide all the bank’s services.

Birmingham Bloomfield Bancshares, Inc. marketmakers include Howe Barnes Hoefer and Arnett (acquired by Raymond James), Chicago; Monroe Securities, Chicago; Hill, Thompson, Magid & Co; Jersey City, New Jersey; and Hudson Securities, Inc., Jersey City, New Jersey.

Forward-Looking Statements

This news release contains comments or information that constitute forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995), which involve significant risks and uncertainties. Actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include: changes in interest rates and interest-rate relationships; changes in the national and local economy; demand for products and services; the degree of competition by traditional and non-traditional competitors; changes in banking regulations; changes in tax laws; changes in prices, levies, and assessments; our ability to successfully integrate acquisitions into our existing operations, and the availability of new acquisitions, joint ventures and alliance opportunities; the impact of technological advances; governmental and regulatory policy changes; the outcomes of contingencies; trends in customer behavior as well as their ability to repay loans; and other factors included in the Corporation’s filings with the Securities and Exchange Commission, available free via EDGAR. The Corporation assumes no responsibility to update forward-looking statements.

(Unaudited Consolidated Financial Statements Follow)

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Birmingham Bloomfield Bancshares, Inc.
Consolidated Balance Sheet (Unaudited)

	June 30,			December 31,			June 30,
	2011			2010			2010
ASSETS
Cash and due from banks	$	13,251,574		$	5,300,368		$	15,250,255
Federal funds sold		—			65,936			34,492
Total cash and cash equivalents		13,251,574			5,366,304			15,284,747
Securities available-for-sale		2,951,686			3,200,002			4,030,157
Securities held-to-maturity		—			—			—
Federal Home Loan Bank Stock		169,900			160,200			162,100
Total securities		3,121,586			3,360,202			4,192,257
Loans held for Sale		793,209			322,500			—
Portfolio loans
Consumer loans		1,065,737			1,054,573			793,309
Mortgage loans		10,545,335			11,335,007			10,592,809
Commercial loans		88,467,511			87,989,098			78,818,713
Total loans		100,078,583			100,378,678			90,204,831
Less: Allowance for loan loss		1,502,099			1,448,096			1,167,482
Net loans		98,576,484			98,930,582			89,037,349
Premises and equipment, net		1,480,407			1,359,510			1,408,849
Accrued interest receivable and other assets		1,380,689			995,438			1,066,513
TOTAL ASSETS	$	118,603,949		$	110,334,536		$	110,989,715
LIABILITIES
Deposits
Noninterest-bearing	$	16,374,765		$	14,190,295		$	11,815,643
Interest-bearing		89,930,476			83,060,199			87,988,239
Total deposits		106,305,241			97,250,494			99,803,882
Short term borrowings		—			1,469,095			—
Accrued interest payable, taxes and other liabilities		602,245			629,422			363,905
Total liabilities		106,907,486			99,349,011			100,167,787
SHAREHOLDERS’ EQUITY
Senior preferred stock A		1,635,000			1,635,000			1,635,000
Discount on senior preferred stock A		(51,826	)		(61,027	)		(70,176	)
Warrant preferred stock B		82,000			82,000			82,000
Premium on warrant preferred stock B		5,633			6,634			7,628
Senior preferred stock C		1,744,000			1,744,000			1,744,000
Discount on senior preferred stock C		—			—			—
Common Stock, no par value		17,034,330			17,034,330			17,034,330
Authorized — 4,500,000 shares
Issued and outstanding — 1,800,000 shares
Accumulated other comprehensive income		139,975			112,908			128,195
Additional paid in capital		—			—			—
Additional paid in capital — share based payments		493,154			493,154			493,154
Accumulated deficit		(9,385,803	)		(10,061,474	)		(10,232,203	)
Total shareholders’ equity		11,696,463			10,985,525			10,821,928
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	118,603,949		$	110,334,536		$	110,989,715
Book value per share	$	4.60		$	4.21		$	4.12

Birmingham Bloomfield Bancshares, Inc.
Consolidated Statement of Income (Unaudited)

	For the three months ended				For the six months ended
	June 30,				June 30,
	2011		2010		2011		2010
Interest Income
Interest and fees on loans
Commercial loans	$	1,401,178	$	1,256,460	$	2,814,965	$	2,365,979
Installment loans		13,459		10,476		26,547		18,925
Mortgage loans		15,644		18,860		35,169		35,869
Home Equity loans		97,661		89,812		195,592		178,561
Late charges and fees		6,302		5,149		17,780		13,562
Total loan interest and fee income		1,534,244		1,380,757		3,090,053		2,612,896
Interest bearing deposits		5,733		5,711		10,351		11,316
Federal Funds Sold		—		519		13		1,248
Interest on investment securities
Taxable		24,811		31,357		52,722		66,055
Tax-exempt		—		—		—		—
Total investment income		24,811		31,357		52,722		66,055
Total interest income		1,564,788		1,418,344		3,153,139		2,691,515
Interest Expense
Interest on deposits		313,877		351,733		627,932		675,979
Interest on borrowed funds		—		—		14,509		—
Total interest expense		313,877		351,733		642,441		675,979
Net Interest Income		1,250,911		1,066,611		2,510,698		2,015,536
Provision for loan losses		15,000		176,892		54,000		289,297
Net Interest Income After Provision for Loan Losses		1,235,911		889,719		2,456,698		1,726,239
Non-interest Income
Service charge income		12,589		12,443		24,161		22,078
Mortgage banking activities		47,322		—		58,761		—
Other income		220,253		24,435		522,351		41,822
Total non-interest income		280,164		36,878		605,273		63,900
Non-interest Expense
Salaries and employee benefits		643,368		356,383		1,225,385		757,007
Occupancy expense		125,583		101,841		243,685		220,475
Equipment expense		42,188		34,492		77,588		70,069
Loss on branch closing		—		—		—		—
Advertising		44,697		46,960		80,743		52,240
Data Processing		60,560		49,580		109,573		105,130
Professional fees		145,916		98,177		257,440		166,388
Other expense		144,207		104,612		295,521		254,939
Total non-interest expense		1,206,519		792,045		2,289,935		1,626,248
Net Income (Loss) Before Income Taxes		309,556		134,552		772,036		163,891
Income tax expense		—		—		—		—
Net Income (Loss)		309,556		134,552		772,036		163,891
Dividend and accretion on preferred stock		48,182		49,207		96,365		96,658
Net Income (Loss) applicable to common shareholders	$	261,374	$	85,345	$	675,671	$	67,233
Income (Loss) per share — basic	$	0.15	$	0.05	$	0.38	$	0.04

Birmingham Bloomfield Bancshares, Inc.
Financial Summary and Selected Ratios (Unaudited)
(Dollars in thousands except per share data)

	Year to Date
	June 30,						Change
	2011			2010			Amount			Percentage
INCOME STATEMENT
Interest Income	$	3,153		$	2,692		$	462			17.2	%
Interest Expense		642			676			(34	)		-5.0	%
Net Interest Income		2,511			2,016			495			24.6	%
Provision for loan loss		54			289			(235	)		-81.3	%
Non-interest income		605			64			541			847.2	%
Non-interest expense		2,290			1,626			664			40.8	%
Income (loss) before Income Taxes		772			164			608			371.1	%
Income tax expense		—			—			—			0.0	%
Net Income (Loss)		772			164			608			371.1	%
Dividend and accretion on preferred stock		96			97			(0	)		-0.3	%
Net Income (Loss) — common shareholders	$	676		$	67		$	608			905.0	%
Income (loss) per share — basic & diluted	$	0.38		$	0.04		$	0.34			905.0	%
BALANCE SHEET DATA
Total assets		118,604			110,990			7,614			6.9	%
Average Assets		116,223			102,266			13,957			13.6	%
Total loans		100,079			90,205			9,874			10.9	%
Allowance for loan loss (ALLL)		1,502			1,167			335			28.7	%
Total deposits		106,305			99,804			6,501			6.5	%
Other borrowings		—			—			—			0.0	%
Shareholders’ equity		11,696			10,822			875			8.1	%
Average Equity		11,325			10,746			579			5.4	%
ASSET QUALITY
Other real estate owned (OREO)		298			—			298			0.0	%
Net charge-offs		—			296			(296	)		-100.0	%
Non-accrual loans		—			—			—			0.0	%
(2) Non-performing assets (NPA)		298			—			298			0.0	%
Non-accrual loans / total loans		0.00	%		0.00	%		0.00	%		0.0	%
Allowance for loan loss / total loans		1.50	%		1.29	%		0.21	%		16.0	%
PERFORMANCE MEASUREMENTS
Net interest margin (tax equivalent)		4.50	%		4.08	%		0.42	%		10.3	%
(1) Return on average assets (annualized)		1.34	%		0.32	%		1.02	%		314.6	%
(1) Return on average common equity (annualized)		19.67	%		4.50	%		15.17	%		337.6	%
Efficiency ratio		73.49	%		78.21	%		-4.72	%		-6.0	%
Tier 1 Leverage Ratio (Bank only)		8.55	%		8.50	%		0.05	%		0.59	%
Equity / Assets		9.86	%		9.75	%		0.11	%		1.1	%
Total loans / Total deposits		94.1	%		90.4	%		3.76	%		4.2	%
Book value per share	$	4.60		$	4.12		$	0.48			11.6	%
Income (loss) per share — basic & diluted	$	0.38		$	0.04		$	0.34			905.0	%
Shares outstanding		1,800,000			1,800,000			—			0.0	%

(1)	Amount is computed on net income before preferred dividends.
(2)	Non-performing assets includes non-accrual loans and other real estate owned.

Birmingham Bloomfield Bancshares, Inc.
Financial Summary and Selected Ratios (Unaudited)
(Dollars in thousands except per share data)

	Quarter Ended
	June 30,			March 31			December 31,			September 30,			June 30,
	2011			2011			2010			2010			2010
INCOME STATEMENT
Interest Income	$	1,565		$	1,588		$	1,554		$	1,506		$	1,418
Interest Expense		314			329			327			337			352
Net Interest Income		1,251			1,260			1,226			1,170			1,067
Provision for loan loss		15			39			49			256			177
Non-interest income		280			325			37			24			37
Non-interest expense		1,207			1,083			1,046			840			792
Income (loss) before Income Taxes		310			462			169			98			135
Income tax expense		—			—			—			—			—
Net Income (Loss)		310			462			169			98			135
Dividend and accretion on preferred stock		48			48			48			48			49
Net Income (Loss) applicable to common	$	261		$	414		$	121		$	50		$	85
Income (loss) per share — basic & diluted	$	0.15		$	0.23		$	0.07		$	0.03		$	0.05
BALANCE SHEET DATA
Total assets		118,604			116,521			110,335			111,254			110,990
Average Assets		117,002			115,435			111,366			110,091			106,960
Total loans		100,079			98,205			100,379			94,284			90,205
Allowance for loan loss (ALLL)		1,502			1,487			1,448			1,424			1,167
Total deposits		106,305			104,588			97,250			99,997			99,804
Other borrowings		—			—			1,469			—			—
Shareholders’ equity		11,696			11,403			10,986			10,899			10,822
Average Equity		11,481			11,167			10,942			10,860			10,770
ASSET QUALITY
Other real estate owned (OREO)		298			—			—			298			—
Net charge-offs		—			—			24			—			265
Non-accrual loans		—			298			298			—			—
(2) Non-performing assets (NPA)		298			298			298			298			—
Non-accrual loans / total loans		0.00	%		0.30	%		0.30	%		0.00	%		0.00	%
Allowance for loan loss / total loans		1.50	%		1.51	%		1.44	%		1.51	%		1.29	%
PERFORMANCE MEASUREMENTS
Net interest margin (tax equivalent)		4.51	%		4.49	%		4.69	%		4.41	%		4.13	%
(1) Return on average assets (annualized)		1.06	%		1.62	%		0.60	%		0.35	%		0.50	%
(1) Return on average common equity (annualized)		15.39	%		24.17	%		8.89	%		5.21	%		7.32	%
Efficiency ratio		78.80	%		68.36	%		82.78	%		70.39	%		71.78	%
Tier 1 Leverage Ratio (Bank only)		8.55	%		8.33	%		8.15	%		8.19	%		8.53	%
Equity / Assets		9.86	%		9.79	%		9.96	%		9.80	%		9.75	%
Total loans / Total deposits		94.1	%		93.9	%		103.2	%		94.3	%		90.4	%
Book value per share	$	4.60		$	4.44		$	4.21		$	4.16		$	4.12
Income (loss) per share — basic & diluted	$	0.15		$	0.23		$	0.07		$	0.03		$	0.05
Shares outstanding		1,800,000			1,800,000			1,800,000			1,800,000			1,800,000

(1)	Amount is computed on net income before preferred dividends.
(2)	Non-performing assets includes non-accrual loans and other real estate owned.