Exhibit 99

                      Press Release Dated August 10, 1998

 
Date:          August 10, 1998

Contact:       Larry R. Goddard
               Investor Relations Department
               (402) 390-6553


FOR IMMEDIATE RELEASE
- ---------------------

     Omaha, Nebraska (August 10, 1998)--Commercial Federal Corporation (NYSE:
CFB) and First Colorado Bancorp, Inc. (NASDAQ: FFBA) jointly announced today
that they have agreed to complete their pending merger on or about Friday,
August 14, 1998, subject to satisfaction or waiver of any remaining conditions
thereto, at a final exchange ratio of .9847 of a share of Commercial common
stock for each share of First Colorado common stock.

     As a result of recent movements in Commercial's stock price and market
prices generally, First Colorado would have been entitled to terminate the
Merger Agreement, dated as of March 9, 1998, between the companies and their
bank subsidiaries, and to not complete the pending merger, subject to
Commercial's right to increase the exchange ratio.  However, First Colorado has
agreed to waive such right in consideration for Commercial agreeing to increase
the final exchange ratio from .9677 to .9847.

     Commercial Federal shares are traded on the New York Stock Exchange under
the symbol "CFB."