Exhibit 99.1

[LOGO] COMMERCIAL CAPITAL BANCORP, INC.

Contact: Stephen H. Gordon        Chairman & CEO       Telephone: (949) 585-7500
         Christopher G. Hagerty   EVP & CFO            Facsimile: (949) 585-0174

           COMMERCIAL CAPITAL BANCORP, INC. HAS NO REIT SUBSIDIARIES,
         THEREFORE NO IMPACT FROM RECENT CALIFORNIA STATE TAX REVISIONS

IRVINE, CA - January 9, 2004 - In response to recent public announcements made
by other financial institutions regarding the revision of certain Real Estate
Investment Trust ("REIT") related tax laws by the State of California Franchise
Tax Board, Commercial Capital Bancorp, Inc. ("CCBI" or the "Company"), (NASDAQ:
"CCBI"), announced today that it does not have, nor has it ever had, any REIT
subsidiaries, and therefore has no exposure to, nor any impact from, this
matter.

CCBI, headquartered in Irvine, CA, is a multifaceted financial services company
which provides financial services to meet the needs of its client base, which
includes income-property real estate investors, middle market commercial
businesses, and high net-worth individuals, families and professionals. At
September 30, 2003, CCBI had total assets of $1.45 billion, was the 4th largest
multi-family lender in California during the 12 months ended September 30, 2003
(source: Dataquick Information Systems) and had originated approximately $2.8
billion in multi-family and commercial real estate loans through September 30,
2003. Commercial Capital Bank, the Company's bank subsidiary, was the fastest
growing banking organization in California, based on percentage growth in total
assets over the 36 months ended September 30, 2003 (source: www.fdic.gov). The
Bank has full service banking offices located at the Company's headquarters in
Irvine, Rancho Santa Margarita, Riverside, and La Jolla and loan origination
offices in Sacramento, Corte Madera (Marin County), Oakland, Burlingame,
Woodland Hills, Encino, Los Angeles, Irvine, and La Jolla, CA, and plans to open
a banking office in Beverly Hills, CA in the second quarter of 2004.

This press release may include forward-looking statements (related to each
company's plans, beliefs and goals), which involve certain risks, and
uncertainties that could cause actual results to differ materially from those in
the forward-looking statements. Such risks and uncertainties include, but are
not limited to, the following factors: competitive pressure in the banking
industry; changes in the interest rate environment; the health of the economy,
either nationally or regionally; the deterioration of credit quality, which
would cause an increase in the provision for possible loan and lease losses;
changes in the regulatory environment; changes in business conditions,
particularly in California real estate; volatility of rate sensitive deposits;
asset/liability matching risks and liquidity risks; and changes in the
securities markets. CCBI undertakes no obligation to revise or publicly release
any revision to these forward-looking statements.