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IRVINE, CA-Commercial Capital Bancorp Inc. reported net income $4.7 million for the second quarter ended June 30, or 30 cents per share. The company’s net income was up from $2.3 million and 24 cents per diluted share compared with the second quarter of 2002. Net income for the six months ended June 30 totaled $8.9 million, or 59 cents per share, compared with $3.9 million and 41 cents per share for the first six months last year.

Stephen H. Gordon, chairman and CEO, says the financial performance reflects strong growth in core components of the company’s activities, along with a realignment of lending operations that enables the Bank to retain up to 100% of its loan originations.

CCBI, headquartered in Irvine, provides financial services for income-property real estate investors, middle market commercial businesses, and high net-worth individuals, families and professionals. CCBI is the holding company for Commercial Capital Bank, Commercial Capital Mortgage Inc. (“CCM”), ComCap Financial Services, Inc. and Commercial Capital Asset Management Inc. As of June 30, CCBI had total assets of $1.4 billion, was the 3rd largest multi-family lender in California during the 12 months ended March 31, according to Dataquick Information Systems.

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