WCB Holdings, Inc. and Western Commercial Bank Announce 4th Quarter Results

WOODLAND HILLS, Calif.--(Business Wire)--WCB Holdings, Inc., stock symbol (OTCBB:WCBH), located at 21550
Oxnard Street, Suite 100, Woodland Hills, California, announced its
fourth quarter of 2007 financial results. As of December 31, 2007,
consolidated total assets were $91.4 million including $76.3 million
in gross loans, and total deposits of $78.5 million. For the quarter
ended December 31, 2007 the holding company showed a profit of
$72,000. Year-to-date losses for 12 months ending December 2007 were
$619,000. The holding company has incurred non-interest expenses
totaling $30,000 for the twelve months ending December 31, 2007.

Western Commercial Bank, a wholly-owned subsidiary of WCB
Holdings, Inc., recognized $49,000 and $186,000 in non-cash stock
option compensation expenses, and provided $70,000 and $473,000 in
loan loss provision for the quarter and year-to-date (12 months)
ending December 31, 2007, respectively. The loan portfolio remains
strong with no past dues and no losses.

Carl W. Raggio, III, President and CEO, said, "I am thrilled to
report we have reached our goal of profitability before the year end.
Through our staff's hard work and the market's continued and growing
interest in banking with us, we achieved profitability in less than
eight full quarters. We have exceeded goals in our loan production and
have kept below budget in our expenses. Both our deposit and loan
prospect pipelines remain strong as we continue to focus our business
on real estate and business clients."

The Bank offers a comprehensive selection of 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 that have
been questioned lately.

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 Rick Levenson of Western
Financial Corporation at (619) 544-0260.

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

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