Commercial Capital Bancorp (NASDAQ:CCBI)
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From Jan 2020 to Jan 2025
Commercial Capital Bancorp, Inc. (the "Company")
(NASDAQ:CCBI) announced today that, at the special meeting of
stockholders held today, the Company's shareholders approved and
adopted the Agreement and Plan of Merger dated as of April 23, 2006;
pursuant to which Washington Mutual ("WaMu") will acquire all of the
outstanding shares of the Company. Of the 45,564,338 votes received in
aggregate, which votes represent 75.72% of the Company's total
outstanding shares eligible, 97.97% were voted in favor of the
acquisition and 1.97% were voted against the acquisition. The
transaction is expected to close either late in the third quarter or
early in the fourth quarter of 2006, pending regulatory approval, and
satisfaction of other customary closing conditions.
The Company is a diversified financial services company with $5.7
billion of total assets, at March 31, 2006. The Company provides
depository and lending products and services through Commercial
Capital Bank, and provides 1031 exchange services under the TIMCOR
Exchange Corporation, North American Exchange Company and Lawyers
Asset Management brand names.
This press release includes forward-looking statements regarding
the consummation of the proposed acquisition of the Company by WaMu.
These statements involve certain risks and uncertainties with respect
to the satisfaction of the conditions to the closing of the merger
transaction and the timing of the closing if it occurs. Such risks and
uncertainties include, but are not limited to the governmental
approval of the merger, which may not be obtained or, if obtained, may
include adverse regulatory conditions. Any forward-looking statements
speak only as of the date they are made. The Company undertakes no
obligation to revise or publicly release any revision or update to
these forward-looking statements to reflect events or circumstances
that occur after the date on which such statements were made.