WCB Holdings, Inc. and Western Commercial Bank Announce 4th Quarter Results for 2009

  WCB Holdings, Inc. (OTCBB: WCBH),
located at 21550 Oxnard Street, Suite 100, Woodland Hills, California,
announced its fourth quarter of 2009 financial results.  For the
three-month and year ended December 31, 2009, the Company showed net losses
$1,746,000 and $2,357,000, respectively.  The Company's total assets shrank
12% from $121.5 million at December 31, 2008 to $107.1 million at December
31, 2009.  For the same period, total loans shrank 5% from $103.6 million
to $98.5 million and total deposits contracted 10% from $105 million to
$94.4 million, respectively.  The Company also recognized $43,000 in
warrants expense for the year ended December 31, 2009.

Western Commercial Bank, a wholly owned subsidiary of WCB Holdings, Inc., recognized $51,000 and $204,000 in non-cash stock option compensation expenses, and provided $1,086,000 and $1,571,000 in loan loss provision for the three-month and year ended December 31, 2009.

At December 31, 2009, the Bank's allowance for loan losses was $2,594,000 or 2.63% of total loans (or 2.78% net of cash secured and government guaranteed loans), which Management considers prudent in this economy.

At December 31, 2009, the Bank's Tier 1 capital was 9.45% of total assets and its total risk-based-capital ratio was 11.14%, both considered in the well-capitalized category. The Bank has 10 non-performing assets for $13.9 million, which are all well-secured (or reserved) with one credit mitigated by a $5.3 million guarantee by the USDA. Of the 8 non-performing assets, there was one OREO for $970,000. The Bank sold one OREO for $1.7 million in December of 2009.

Carl W. Raggio, III, President and CEO, said, "The economy continues to be a major factor for the banking industry and certainly has had its affect on some of our loans. However, we strongly feel our reserves remain a strong cushion for the expected and continuing problematic economy. Our portfolio was underwritten very well and in most cases well-collateralized, even in these difficult times. We feel this will prove positive as we work through this difficult period."

The Company's Board has approved a $5 million preferred stock offering and has already injected into the Bank $900,000 from Board members and founders along with another $1,300,000 from other shareholders. As stated in an earlier press release, the Bank entered into a Consent Order with the DFI and FDIC and feels it is in substantial compliance with the Order which, amongst other requirements, calls for raising $1 million in capital.

The Bank must meet certain requirements in the Order which includes achieving a Tier 1 Capital to total assets ratio of 9.5% and reducing classified assets to no more than 50% of Tier 1 Capital plus the loan loss allowance. Management feels these ratios will be achieved.

Forward-looking statements, by their nature, are subject to risks and uncertainties. The statements contained in this release that are not historical facts are forward-looking statements based on management's current expectations and beliefs concerning future developments and their potential effects on the Company. Readers are cautioned not to unduly rely on forward-looking statements. Actual results may differ from those projected. Forward-looking statements speak only as of the date they were made. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances that may occur after the date that forward-looking statements are made.

The Bank offers a comprehensive selection of business deposit and loan products, cash management services as well as SBA-guaranteed loans. The Bank is not involved in any of the sub-prime products.

The Bank provides financial services to small and mid-sized businesses, entrepreneurs and professionals in the San Fernando Valley, with special expertise in commercial real estate finance.

Regular office hours are Monday through Friday, 9:00 a.m. until 4:00 p.m.

Information on the Bank's services is available by calling [phone] and online at www.westerncommercialbank.com. Information on the Bank's stock may be obtained from Carl W. Raggio, III, President and Chief Executive Officer, at [phone]. The stock trades on the OTC Bulletin Board.

Contact: Carl Raggio President & Chief Executive Officer [phone] WCB Holdings, Inc. 21550 Oxnard Street, Suite 100 Woodland Hills, CA 91367