Commercial Capital Bancorp, Inc. Announces Agreement to Acquire Calnet Business Bank, National Association

Under the terms of the agreement, which has been unanimouslyapproved by the Boards of Directors of both companies, shareholders ofCalnet will receive 1.0730 shares of the Company's common stock inexchange for each share of Calnet stock. The transaction, which isexpected to be tax-free to Calnet shareholders, values each share ofCalnet common stock at $17.57, based on the Company's closing price of$16.37 on October 20, 2005. $17.57 per share represents a 1.77multiple to Calnet's tangible book value per share at June 30, 2005and a 17.1% premium to Calnet's closing price on October 20, 2005. Thevalue of the transaction and value of each share of Calnet commonstock on consummation of the merger may be higher or lower dependingon the value of the Company's common stock on such date. Thetransaction is expected to close in the first quarter of 2006, pendingregulatory approval, approval of the transaction by Calnet'sstockholders and satisfaction of other customary closing conditions.

At June 30, 2005, Calnet had total assets of $147.5 million, totaldeposits of $124.9 million, total loans of $98.3 million and totalshareholders equity of $21.5 million. Calnet conducts its GreaterSacramento Valley deposit gathering and lending business from a singlelocation in Sacramento. Calnet's lending programs focus on commercialreal estate, construction and business loans within the GreaterSacramento Valley of California. Calnet's loans to deposits ratio,expressed as a percentage, was 79%, at June 30, 2005. For the secondquarter ended June 30, 2005, noninterest-bearing deposits averaged$53.4 million or 42% of average deposits, while interest bearingdeposits averaged $74.8 million and had an average cost of 1.93%. Alsoduring the second quarter of 2005, Calnet's cost of funds, whichincludes noninterest-bearing deposits, was 1.13%, and its net interestmargin was 4.96%. Peter J. Raffetto, President and Chief ExecutiveOfficer of Calnet, will join Commercial Capital Bank and assume thetitles of Executive Vice President, and President of the Sacramento /Central Valley Region.

Stephen H. Gordon, Chairman and Chief Executive Officer of theCompany stated, "We're very excited to welcome Calnet's employees,clients and shareholders to Commercial Capital Bancorp. In recentyears we've mentioned our plans for strategic expansion in NorthernCalifornia, through de novo growth or acquisition, and we've beentaking ongoing steps to round out the Company's depository franchise.Calnet fits nicely into those efforts. Together with our existing SanFrancisco Bay Area presence, which consists of three lending offices,a banking office located in San Mateo, members of the Bank's FinancialServices Group, and three North American Exchange Company offices, theacquisition of Calnet brings to the Company what will be a focal pointfor community-based, relationship-driven, commercial deposit and loangrowth in Northern California and the Central Valley. Calnet has beentremendously successful in creating a low cost depository franchise,with over 40% noninterest-bearing deposits, very low loans to depositratio and a net interest margin nearing 5%, all through a singlebanking office, which had over $120 million of deposits at June 30,2005. We intend to further that growth and success throughout NorthernCalifornia and the Central Valley in the coming months and years."

Peter J. Raffetto, President and Chief Executive Officer of Calnetcommented, "In addition to being a leading income property lender andone of the fastest growing banks and savings institutions inCalifornia, Commercial Capital has the infrastructure and capital tosupport growth beyond what we concluded Calnet is currently capable ofachieving independently. This transaction will allow us to serve allof our customers with substantially increased capabilities. It allowsour team to focus on our areas of expertise, and grow more rapidlywith a multi-pronged approach including multifamily and commercialreal estate lending, business banking and cash management products andservices, financial and fiduciary services and retail banking, allsupported by a much larger capital base. We think it is a realopportunity for our shareholders, employees and clients. I'm gratefulfor the support of Calnet's shareholders over these early years, andanticipate that they share the same enthusiasm for growth andopportunity as part of the Commercial Capital Bancorp shareholderfamily."

David S. DePillo, Vice Chairman, President and COO of the Company,added, "We are particularly impressed with the quality of employees atCalnet and look forward to the addition of their talent to theCompany. Calnet is known for providing quality service and transactionprocessing for high volume clients through its proprietary technology.The flexibility and functionality of this technology will allowCommercial Capital to provide even higher levels of service to itsclients, particularly in the areas of business banking and cashmanagement services. We share the same flexible core operatingplatform, have experienced key personnel and expect a smoothtransition. We have a successful lending track record in the CentralValley, but this acquisition will be a catalyst for growth in theregion, as well as an opportunity to provide improved products andservices to the clients of both institutions. The Sacramento andCentral Valley regions are amongst the strongest and fastest growingregions in the state, and are areas that we've been committed tofurther expand into for some time."

Commercial Capital Bancorp, Inc. was represented in thetransaction by its financial advisor, Credit Suisse First Boston LLC,and its legal counsel, Patton Boggs LLP. Calnet Business Bank wasrepresented in the transaction by its financial advisor, SandlerO'Neill & Partners, L.P., and its legal counsel, Bingham McCutcheon,LLP.

At June 30, 2005, the Company had total assets of $5.2 billion andthe Bank had total deposits of $2.7 billion. The Bank operates bankingoffices located in Westlake Village (Ventura County), Tarzana, Malibu,Beverly Hills, Baldwin Hills, Westchester, Manhattan Beach, Gardena,Hermosa Beach, Torrance, Redondo Beach (Los Angeles County), Orange,Irvine, Rancho Santa Margarita (Orange County), Riverside (RiversideCounty), La Jolla, Del Mar, San Diego (San Diego County), and SanMateo (San Mateo County), and lending offices, located in CorteMadera, San Mateo, Oakland, Encino, Glendale, Los Angeles, El Segundo,Irvine, Riverside, and La Jolla, California, with plans to open abanking office in the Crystal Cove Promenade in Newport Coast,California in 2005. The Bank was the 3rd largest multi-family lenderin California during the 12 months ended June 30, 2005 (source:Dataquick Information Systems). The Company is a leading Section1031-exchange accommodator and facilitates exchange transactionsnationwide through the TIMCOR Exchange Corporation and North AmericanExchange Company brand names through the companies' headquarters inLos Angeles and Walnut Creek, California, respectively, officeslocated in Long Beach and La Jolla, California; Scottsdale, Arizona;Houston, Texas; Chicago, Illinois; and Miami, Florida; and through apresence in Seattle, Washington; Las Vegas, Nevada; Denver, Colorado;Dallas, Texas; Charlotte, North Carolina; and Washington, DC.

This press release and statements made by the Company's orCalnet's management may contain forward-looking statements regardingthe Company and Calnet and the proposed merger. These statementsinvolve certain risks, and uncertainties that could cause actualresults to differ materially from those in the forward-lookingstatements. Such risks and uncertainties include, but are not limitedto, the following factors: governmental approval of the merger may notbe obtained or adverse regulatory conditions may be imposed inconnection with governmental approvals of the merger; the stockholdersof Calnet may fail to provide the required approval to consummate themerger. The Company and Calnet undertake no obligation to revise orpublicly release any revision or update to these forward-lookingstatements to reflect events or circumstances that occur after thedate on which such statements were made.

This press release may be deemed to be solicitation material withrespect to the proposed acquisition of Calnet and the issuance ofshares of common stock by the Company pursuant to the merger. Inconnection with the proposed transaction, a registration statement onForm S-4 will be filed with the SEC. The registration statement willcontain a proxy statement/prospectus to be distributed to theshareholders of Calnet in connection with their vote on the merger.SHAREHOLDERS OF CALNET ARE ENCOURAGED TO READ THE REGISTRATIONSTATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC,INCLUDING THE PROXY STATEMENT/PROSPECTUS THAT WILL BE PART OF THEREGISTRATION STATEMENT, BECAUSE THEY WILL CONTAIN IMPORTANTINFORMATION ABOUT THE PROPOSED MERGER. The final proxystatement/prospectus will be mailed to shareholders of Calnet.Investors and security holders will be able to obtain the documentsfree of charge at the SEC's website, www.sec.gov. In addition,investors may obtain free copies of the documents filed with the SECby the Company by contacting: Investor Relations, Commercial CapitalBancorp, Inc., 8105 Irvine Center Drive, 15th Floor Irvine, CA 92618,telephone: 949-585-7500 or by visiting the Company's website atwww.commercialcapital.com, or from Calnet by contacting Kevin R.Watson, Chief Financial Officer, Calnet Business Bank, 1565 ExpositionBlvd., Sacramento, CA 95815, telephone: 916-927-7000 or by visitingCalnet's website at www.Calnetbank.com.

Calnet and their directors and executive officers and othermembers of management and employees may be deemed to participate inthe solicitation of proxies in respect of the proposed transactions.Information regarding Calnet's directors and executive officers is setforth in its proxy statement, which is available by contacting Calnetat the telephone number set forth above.