SOURCE: Columbia Commercial Bancorp

January 19, 2007 15:48 ET

/ CORRECTION - Columbia Commercial Bancorp (CLBC) Announces 4th Quarter 2006 Assets and Earnings Growth Results

Correction to 2006 Earnings per Fully Diluted Share

HILLSBORO, OR -- (MARKET WIRE) -- January 19, 2007 -- Columbia Commercial Bancorp (OTCBB: CLBC), a single bank holding company for Columbia Community Bank, announces earnings per fully diluted share correction: Earnings per fully diluted share for 2006 increased to $2.12 from $1.32 per share as reported for the same period in 2005. Earnings per share calculations for both periods are inclusive of a 100% stock dividend declared May 2006 and the company's stock option plans to facilitate an accurate comparison.

About Columbia Commercial Bancorp:

Information about the company's stock may be obtained through the Over the Counter Bulletin Board at, www.otcbb.com. Columbia Commercial Bancorp's stock symbol is CLBC.

Columbia Commercial Bancorp was formed in 2002 as a holding company for Columbia Community Bank, which was opened in 1999 by local business people to provide business loans and deposit products for Oregon businesses. With offices in Hillsboro, Forest Grove, Tanasbourne and Tigard/Durham, Columbia Community Bank is dedicated to providing a superior and personalized business banking experience for its clients in and around Oregon. The Bank has been named one of the 2006-2007 "100 Best Companies to Work for in Oregon" by Oregon Business Magazine and also named by The Portland Business Journal as one of the 2006 "Fastest-Growing Private 100 Companies." For more information about Columbia Community Bank please call (503) 693-7500 or visit www.columbiacommunitybank.com.

Certain statements in this release may constitute forward-looking statements within the definition of the "safe-harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to significant uncertainties, which could cause actual results to differ materially from those set forth in such statements. Forward-looking statements can be identified by words such as "believe," "estimate," "anticipate," "expect," "intend," "will," "may," "should," or other similar phrases or words. Readers are cautioned not to place undue reliance on forward-looking statements. The Bank does not intend to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

Contact Information

  • For More Information Contact:
    Rick A. Roby
    President-CEO
    503-693-7500