WCB Holdings, Inc. and Western Commercial Bank Announces 2nd Quarter Results for...

WCB Holdings, Inc. and Western Commercial Bank Announces 2nd Quarter Results for 2008

WOODLAND HILLS, Calif.--(Business Wire)--
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

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