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TORONTO, ONTARIO--(Marketwire - June 25, 2010) - C.A. Bancorp Inc. ("C.A. Bancorp" or the "Company") (TSX:BKP) today announced that it intends, following the Company's annual general meeting to be held on June 28, 2010, to appoint Mr. Eitan Milgram to its board of directors (the "Board"). Mr. Milgram will take the place of Richard Zarzeczny, who has advised that he will resign immediately following the meeting.

Mr. Milgram is an Executive Vice President of Weiss Asset Management LP ("Weiss"), which manages investment funds holding approximately 18.8% of the outstanding common shares of the Company. In addition to his position with Weiss where he has worked for 10 years, Mr. Milgram has advised numerous corporations on reorganizations and restructurings and has served on the board of directors of ten publicly traded companies including Indochina Capital Vietnam Holdings, The Ottoman Fund Limited, and Clean Energy Brazil PLC.

John Driscoll, Chairman of the Board of C.A. Bancorp stated "Mr. Milgram's experience in the capital and business markets will be a valuable addition to the Board as the Company moves forward over the coming period." The board wishes to express sincere thanks to Richard Zarzeczny for his service as a director of the Company. The Company has benefited greatly from his contributions, and we are grateful to Richard for his insights, dedication and efforts."

The decision to appoint Mr. Milgram was made beyond the deadline for consideration of the matter at the Company's annual general meeting to occur on June 28, 2010.

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.