Matrix Bancorp, Inc. to Host 2006 First Quarter Results Conference Call

Matrix Bancorp, Inc. (NASDAQ: MTXC) (the "Company")
announced today that management will host a conference call to review
results of its 2006 first quarter ended March 31, 2006, on Thursday,
May 11, 2006, at 11:00 a.m. ET.
   President and Chief Executive Officer Scot T. Wetzel and William
D. Snider, Chief Financial Officer and Head of Finance and Risk
Management, will host the conference call.
   Participants should dial 800-240-4186 at least ten minutes prior
to the start of the call. International callers should dial
303-262-2138. To hear a live web simulcast or to listen to the
archived web cast following completion of the call, please visit the
Company's web site at www.matrixbancorp.com, click on the investor
relations tab, then select conference calls, to access the link to the
call. Refer to conference identification number 33859.

   Denver-based Matrix Bancorp, Inc. is focused on developing its
community-based banking network through its Matrix Capital Bank
subsidiary by strategically positioning branches across Colorado's
Front Range market. The Bank plans to grow its network to an estimated
five to seven community-based branches over the next three to five
years. The Company recently identified "United Western" as its
proposed new brand name and anticipates a formal change in legal and
trade names during second or third quarter of 2006, after receiving
applicable regulatory and shareholder approvals.
   At December 31, 2005, the Company reported total consolidated
assets of $2.1 billion, total loans of $1.4 billion, total deposits of
$1.1 billion and total consolidated shareholders equity of $180.7
million (includes proceeds used for the Company's January 2006 tender
offer). For more information, please visit www.matrixbancorp.com.

   Certain statements contained in this press release that are not
historical facts, including, but not limited to, statements that can
be identified by the use of forward-looking terminology such as "may,"
"will," "expect," "anticipate," "predict," "believe," "plan,"
"estimate" or "continue" or the negative thereof or other variations
thereon or comparable terminology, are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995, and involve a number of risks and uncertainties. The actual
results of the future events described in such forward-looking
statements in this interim report could differ materially from those
stated in such forward-looking statements. Among the factors that
could cause actual results to differ materially are: the timing of
regulatory approvals or consents for new branches or other
contemplated actions; the availability of suitable and desirable
locations for additional branches; and the continuing strength of our
existing business, which may be affected by various factors,
including, but not limited to, the delay in or failure to receive any
required shareholder approvals of the contemplated actions; the risks
and uncertainties discussed elsewhere in the Company's Annual Report
on Form 10-K for the year ended December 31, 2005, filed with the
Securities and Exchange Commission on March 15, 2006; and the
uncertainties set forth from time to time in the Company's periodic
reports, filings and other public statements.