Exhibit 99

                        Press Release Dated March 1, 2002

March 1, 2002

Contact:    John J. Griffith
            Investor Relations Department
            (402) 514-5336

              Commercial Federal Authorizes Common Stock Repurchase

         OMAHA, Nebraska, March 1, 2002--Commercial Federal Corporation (NYSE:
CFB) announced today that its board of directors authorized on February 28,
2002, the additional repurchase of up to five hundred thousand shares of the
Company's outstanding common stock. The Company anticipates completing this
repurchase by the third quarter of 2003. The Company currently has 45,349,766
common shares outstanding. The five million-share buyback program announced in
May 2001 was completed in January 2002.

         Repurchases can be made at any time and in any amount, depending upon
market conditions and various other factors. Any repurchase generally will be on
the open-market, although privately negotiated transactions are possible.

         Commercial Federal Corporation is the parent company of Commercial
Federal Bank, a $12.9 billion federal savings bank that currently operates
branches located in Iowa, Colorado, Nebraska, Kansas, Oklahoma, Missouri, and
Arizona. Commercial Federal operations include consumer and commercial banking,
mortgage banking, agricultural lending, insurance and investment services, and
Internet banking.