2008-07-23 05:31:06 -

www.westerncommercialbank.com - WCB Holdings, Inc., stock symbol (OTCBB:WCBH), located at 21550 Oxnard Street, Suite 100, Woodland Hills, California, announced its second quarter of 2008 financial results. At June 30, 2008, consolidated total assets were $121.4 million including $93.1 million in gross loans, and total deposits of $106.5 million. Total assets had grown $17.1 million since March 30,

2008 and $30.0 million from December 31, 2007. For the quarter and year-to-date (6 months) ended June 30, 2008 the holding company recorded net income of $31,000 and $56,000, respectively, as compared to last year's losses of $179,000 and $559,000 for the same reporting periods.

Western Commercial Bank, a wholly-owned subsidiary of WCB Holdings, Inc. recognized $51,000 and $101,000 in non-cash stock option compensation expenses, and provided $180,000 and $250,000 in loan loss provision for the quarter and year-to-date (6 months) ending June 30, 2008.

Carl W. Raggio, III, President and CEO, said, "We continue to be pleased with our results. While we understand the issues in our current economy and market, we continue to find great opportunities with excellent clients. We also want to assure our shareholders and clients of our balance sheet strength and loan asset diversity in these difficult times. We provide business products to proven clients and do not have any exposure to sub-prime or any residential home loans. We are committed to our clients and prospects to provide excellent service while maintaining strong business practices to keep our bank strong."

The Bank offers a comprehensive selection of business deposit and loan products, cash management services as well as SBA-guaranteed loans. The Bank is not involved in any of the sub-prime products.

The Bank, which opened for business on February 6, 2006, provides financial services to small and mid-sized businesses, entrepreneurs and professionals in the San Fernando Valley, with special expertise in commercial real estate finance.

Regular office hours are Monday through Friday, 9:00 a.m. until 4:00 p.m.

Information on the Bank's services is available by calling (818) 449-7700 and online at www.westerncommercialbank.com. Information on the Bank's stock may be obtained from Carl W. Raggio, III, President and Chief Executive Officer, at (818) 449-7700. The stock trades on the OTC Bulletin Board.

WCB Holdings, Inc.
Carl Raggio, President & Chief Executive Officer
818-449-7711