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TORONTO, ONTARIO--(Marketwire - June 4, 2010) - C.A. Bancorp Inc. ("C.A. Bancorp" or the "Company") (TSX:BKP) today announced that both the take-over bid circular of Century (the "Century Circular") and the directors' circular of the Company (the "Directors' Circular") relating to the previously announced offer by a wholly-owned subsidiary of Century Services LP to acquire all of the outstanding common shares of the Company (the "Century Offer") have been mailed to C.A. Bancorp shareholders and are available at [ www.sedar.com ].

The Directors' Circular contains no recommendation of the Company's board of directors (the "Board") as to whether shareholders should accept or reject the Century Offer. The Board has unanimously determined that it is in the best interests of the Company for the shareholders to have the opportunity to choose between two options, specifically (i) acceptance of the Century Offer or (ii) maintenance of their interests in the Company with the Board's commitment to implement a realization strategy under which the Company's assets would be monetized and the proceeds distributed to shareholders. The reasons for the Board's determination are set out in the Directors' Circular.

C.A. Bancorp shareholders who choose to tender their shares to the Century Offer will receive $1.50 per share. The Century Offer will be open for acceptance until 5:00 p.m. (Toronto time) on July 9, 2010, unless it is otherwise extended or withdrawn. The Century Offer will be subject to certain terms and conditions, including acceptance by holders of not less than 66 2/3% of the outstanding C.A. Bancorp shares calculated on a fully-diluted basis. Other terms and conditions of the Century Offer are set out in the Century Circular.

John F. Driscoll, the Chairman of the Company and holder of approximately 13% of the outstanding shares, has agreed to tender those shares to the Century Offer.

About C.A. Bancorp Inc.

C.A. Bancorp is a publicly traded Canadian merchant bank and alternative asset manager that provides investors with access to a range of private equity and other alternative asset class investment opportunities. C.A. Bancorp is focused on investments in small- and middle-capitalization public and private companies, with emphasis on the industrials, real estate, infrastructure and financial services sectors.

Forward Looking Statements

This release includes certain forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "should", "plans" or "continue" or the negative thereof or variations thereon or similar terminology. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will provide to be correct. These forward-looking statements are subject to a number of risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements.

C.A. Bancorp Inc.
The Exchange Tower
130 King Street West, Suite 2810
Toronto, Ontario M5X 1A4
Telephone: (416) 214-5985
Fax: (416) 861-8166