Bank of Commerce Joins Federal Reserve System

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Bank of Commerce Joins Federal Reserve System
    SAN DIEGO, Dec. 22 /PRNewswire/ -- Bank of Commerce (Nasdaq: BCOM) today
announced it will join the Federal Reserve System as a state chartered member
effective immediately.  As a result of this action, the Bank's regulatory
oversight agency will change to the Federal Reserve from the Federal Deposit
Insurance Corporation (FDIC).  Customer deposits at Bank of Commerce will
continue to be insured by the FDIC.
    "This change will have very little impact on our day-to-day operations,"
stated Peter Q. Davis, Chairman and CEO of Bank of Commerce.  "The Federal
Reserve is the regulatory agency for larger banks and holding companies.
Given our growth and expansion plans, we believe becoming a member of the
Federal Reserve at this time is the appropriate action."
    Bank of Commerce is the nation's leading SBA bank lender and the largest
publicly held independent bank headquartered in San Diego County.  The bank
operates twelve specially designated loan production offices in San Diego,
Glendale, Orange, Sacramento, and San Francisco, CA; Las Vegas and Reno, NV;
Phoenix and Tucson, AZ; Seattle, WA, Portland, OR, and Denver, CO.  In
addition, Bank of Commerce operates seven full service branches in San Diego,
Palm Desert, and Temecula, CA.  Friday, December 19, BCOM closed at $19.50 per
share.
    Statements concerning future performance, developments or events,
concerning expectations for regulatory processes, and any other guidance on
future periods, constitute forward-looking statements which are subject to a
number of risks and uncertainties which might cause actual results to differ
materially from stated expectations.
    NOTE:  This company is a client of Len Cereghino & Co. Corporate Investor
Relations.
    Bank of Commerce press releases are available at no charge through PR
Newswire's Company News On-Call fax service.  For a menu of Bank of Commerce
press releases or to retrieve a specific release, call 1-800-IRNEWS9,
extension 123798, or http://www.prnewswire.com/cnoc/exec/menu?123798 on the
Internet.
SOURCE Bank of Commerce