Hawthorne Financial Announces Stockholder Approval of Merger With Commercial Capital Bancorp, Inc.

Hawthorne Financial Announces Stockholder Approval of Merger With
Commercial Capital Bancorp, Inc. 


EL SEGUNDO, Calif., May 25  /PRNewswire-FirstCall/ -- Shareholders of Hawthorne
Financial Corporation  voted overwhelmingly to approve the merger between
Hawthorne and Commercial Capital Bancorp, Inc. .  With over 69% of Hawthorne
common stock represented, Hawthorne shareholders approved the merger by a vote
of over 98%.  The Hawthorne Board of Directors had unanimously recommended
approval of the merger.  CCBI recently announced that it had received
regulatory approval for the merger, and stockholder approval for the issuance
of shares of CCBI in connection with the merger.  Subject to satisfactory
completion or waiver of the remaining conditions to closing, CCBI and Hawthorne
expect to complete the acquisition on June 4, 2004.

"We look forward to completing this transaction and thank our stockholders and
customers for their loyalty and support," said Hawthorne President and Chief
Executive Officer Simone Lagomarsino.

Hawthorne Savings, F.S.B., operates fifteen full service branches in the
coastal counties of Southern California.  The Company specializes in real
estate secured loans in the niche markets that it serves, including: 1)
permanent loans collateralized by single family residential property, 2)
permanent and construction loans secured by multi-family residential and
commercial real estate, 3) loans for the construction of individual single
family residential homes and acquisition and development of land for the
construction of such homes.  Commercial Capital Bancorp, Inc., with $1.96
billion of total assets and $736.3 million of deposits at March 31, 2004, is a
multifaceted financial services company, which provides financial services to
meet the needs of its client base, which includes income-property real estate
investors, middle market commercial businesses, and high net-worth individuals,
families and professionals.  CCBI was the 4th largest multi-family lender in
California during the 12 months ended March 31, 2004 (source: Dataquick
Information Systems) and Commercial Capital Bank (the "Bank") was the fastest
growing savings institution in California, based on percentage growth in total
assets over the 36 months ended December 31, 2003 (source:
http://www.fdic.gov/).  Commercial Capital Bank has full service banking
offices located at the Company's headquarters in Irvine, Rancho Santa
Margarita, Riverside, and La Jolla and loan origination offices in Sacramento,
Corte Madera (Marin County), Oakland, Burlingame, Woodland Hills, Encino, Los
Angeles, Irvine, Riverside, and La Jolla, California, and plans to open banking
offices in Malibu, California in June 2004, Beverly Hills, California in the
summer of 2004, and Newport Coast, California in 2005.

For more information, please visit Hawthorne Financial Corporation's website
at: http://www.hawthornesavings.com/ or Commercial Capital's website at
http://www.commercialcapital.com/.

This press release contains forward-looking statements as referenced in the
Private Securities Litigation Reform Act of 1995.  These forward-looking
statements relate to the anticipated date of closing the transaction.  These
forward-looking statements are subject to certain risks and uncertainties that
could cause the actual results, performance or achievements to differ
materially from those expressed, suggested or implied by the forward-looking
statements due to the number of factors.  Factors which could cause the closing
of the transaction not to occur or be delayed include a failure or delay of
either party in satisfying the remaining conditions precedent to closing. 

DATASOURCE: Hawthorne Financial Corporation



CONTACT:  Ms. Simone Lagomarsino, President and Chief Executive Officer,

[phone], or Mr. David Rosenthal, Chief Financial Officer,

[phone], both of Hawthorne Financial Corporation



Web site:  http://www.commercialcapital.com/ 

Web site:  http://www.hawthornesavings.com/ 

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