CORRECTING AND REPLACING Commercial Capital Bancorp, Inc. Completes Acquisition of Calnet Business Bank

First graf, second sentence should read: In accordance
with the Agreement and Plan of Merger announced on October 20, 2005,
Calnet merged with and into Commercial Capital Bank (sted In
accordance with the Agreement and Plan of Merger announced on January
27, 2004, Calnet merged with and into Commercial Capital Bank.)

   The corrected release reads:

   COMMERCIAL CAPITAL BANCORP, INC. COMPLETES ACQUISITION OF CALNET
BUSINESS BANK

   Commercial Capital Bancorp, Inc. (the "Company") (Nasdaq:CCBI)
announced today that the acquisition of Calnet Business Bank
("Calnet") was completed on March 3, 2006 after the close of business.
In accordance with the Agreement and Plan of Merger announced on
October 20, 2005, Calnet merged with and into Commercial Capital Bank.
Approximately 2.3 million shares of stock were issued in the
transaction, bringing the number of shares of the Company's common
stock outstanding to approximately 58.8 million. Calnet's outstanding
options were exchanged for options of the Company.
   At February 28, 2006, Calnet's total assets equaled $252 million,
an increase of 43% from December 31, 2005. Total assets included net
loans held for investment of $106 million and cash and securities of
$144 million. At February 28, 2006, Calnet's deposits totaled $227
million, an increase of 49% from December 31, 2005, and had an average
cost of 0.75% for February 2006. Total deposits were primarily
comprised of $219 million of transaction account deposits, which
included $154 million of noninterest bearing deposits, representing
68% percent of total deposits. The high percentage of noninterest
bearing deposits reflects the success that Calnet has had with its
focus on providing relationship-driven, business banking and cash
management products and services.
   Stephen H. Gordon, Chairman and Chief Executive Officer, stated,
"We are very pleased to announce the successful completion of the
merger with Calnet Business Bank. Calnet has been tremendously
successful in delivering highly valued business banking products and
services, which continues to be reflected by the nearly 50% growth in
total deposits since year-end. We applaud Peter Raffetto and his team
for the accomplishments and milestones that they have achieved over
such a short period of time. We look forward to the Sacramento team
joining Commercial Capital."
   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.