SOURCE: Columbia Commercial Bancorp

April 19, 2006 11:00 ET

Columbia Commercial Bancorp (CLBC) Announces 100% Stock Dividend for Shareholders

HILLSBORO, OR -- (MARKET WIRE) -- April 19, 2006 -- Columbia Commercial Bancorp (OTC BB: CLBC), a single bank holding company for Columbia Community Bank, has announced that its board of directors approved a 100% stock dividend for each shareholder of record as of May 1, 2006. Each shareholder will receive one (1) additional share of stock for each share owned. The additional shares will be processed by OTR, the transfer agent for Columbia Commercial Bancorp. Shareholders can direct their questions to OTR Transfer at 503-225-0375.

"The financial results of CCB have been very good, and the Board of Directors felt a stock dividend would help create additional liquidity for the shareholders and provide a positive effect on the value of each share long term," said Rick Roby, President-CEO.

"We wanted to thank our shareholders for their support over the past seven years," added Donald Kane, Chairman of the Board of Directors.

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 2005-2006 "100 Best Companies to Work for in Oregon" by Oregon Business Magazine and also named by The Portland Business Journal as one of the 2005 "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 Roby
    President-CEO
    (503) 693-7500