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Redding Bank of Commerce Is Proud to Announce a Million Dollar Grant for the Bridge to New Life Project With the Good News Rescue Mission

Posted on: Thursday, 8 June 2006, 12:00 CDT

REDDING, Calif., June 8 /PRNewswire-FirstCall/ -- Michael C. Mayer, President and CEO of Bank of Commerce Holdings , a $522.7 million asset financial holding company, and parent company of Redding Bank of Commerce(TM), Roseville Bank of Commerce(TM), Sutter Bank of Commerce(TM) and Bank of Commerce Mortgage(TM) announced today that in partnership with the Federal Home Loan Bank of San Francisco, the Good News Rescue Mission received a million dollar grant for The Bridge to New Life Project.

In 1964, a group of concerned citizens saw a tremendous need to help the homeless in Shasta County. This event gave birth to the Good News Rescue Mission (GNRM). GNRM has been successfully meeting the needs of the homeless population for the past 41 years. GNRM, headed by Executive Director Jim Dahl, provides strategic and comprehensive programs for the poor and homeless. The unique New Life Recovery Program provides help to those who desire to emerge from the fog of drug and alcohol abuse and into a productive life. Along with their strategic life-changing services, GNRM serves over 155,000 meals and provides over 56,000 nights of lodging annually.

Good News Rescue Mission (GNRM) serves the homeless population in Shasta County and the surrounding areas. GNRM is the only homeless and transitional housing shelter in Shasta County at this time.

The capital expansion project (The Bridge to New Life) will increase the number of individuals the Mission can serve to 85, and significantly increase the capacity of their strategic support services.

This transitional housing facility, at completion, will provide life-changing programs that enable people in need to rejoin their community as healthy and active members. The Missions' strategy provides the homeless with the basic needs of food and shelter and also a variety of life development programs.

Redding Bank of Commerce is proud to partner with GNRM on this ambitious and necessary project. A special grant presentation by Michael C. Mayer and Leona McCoach will be one of the highlights of the groundbreaking ceremony scheduled for 10:00 a.m. on Friday, June 9, 2006.

Bank of Commerce Holdings, with administrative offices in Redding, California is a financial service holding company that owns Redding Bank of Commerce(TM), Roseville Bank of Commerce(TM), Sutter Bank of Commerce(TM) and Bank of Commerce Mortgage(TM).

The Company is a federally insured California banking corporation and opened on October 22, 1982.

BOCH is a NASDAQ National Market listed stock. Please contact your local investment advisor for purchases and sales. Investment firms making a market in BOCH stock are:

Hoefer & Arnett/ Dave Bonaccorso 555 Market Street San Francisco, CA 800-346-5544 Raymond James Financial/ Geoff Ball 1805 Hilltop Drive, Suite 106 Redding, CA 800-926-5040 Morgan Stanley/Rick Hill 310 Hemsted Drive, Suite 100 Redding, CA 800-733-6126 Wachovia Securities/ Ken Myers, Rick Hansen 10466 Brunswick Road Grass Valley, CA 888-383-3112

Bank of Commerce Holdings

CONTACT: Michael C. Mayer, President & CEO, +1-530-224-7361, or Linda J.Miles, Chief Financial Officer, +1-530-224-7318, both of Bank of CommerceHoldings

Web site: http://reddingbankofcommerce.com/

Source: PRNewswire-FirstCall

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