TORONTO, ONTARIO--(Marketwire - Aug. 12, 2010) - C.A. Bancorp Inc. ("C.A. Bancorp" or the "Company") (TSX:BKP) today announced that it has entered into a letter agreement with Bermingham Foundation Solutions ("Bermingham") pursuant to which C.A. Bancorp will sell its interest in Bermingham, comprised of preferred shares and common shares, back to Bermingham (the "Transaction"). The aggregate purchase price for the Transaction is $11.5 million with $11.3 million payable on closing and $0.2 million payable on September 30, 2010.

The Transaction remains subject to certain conditions, including, without limitation, completion of definitive transaction documents and deliveries and other customary closing conditions for a transaction of this nature.  It is expected that the Transaction will close on or about August 26, 2010.

On August 3, 2010, following the expiry of the take over bid by a wholly-owned subsidiary of Century Services LP, the Company announced that, as previously disclosed, it would seek to realize on its investments and accelerate opportunities to do so in order to return capital to shareholders. The Transaction is in furtherance of the Company's realization strategy.

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.

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. Without limiting the generality of the foregoing, there can be no assurance of any kind that the sale will be completed on the date expected or at all. 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. Reference should be made to the risk factors published in the Company's most recent management discussion and analysis and, with respect to the realization strategy, its directors circular, both of which are available at www.sedar.com.