TORONTO, ONTARIO -- (MARKET WIRE) -- 11/06/08 -- C.A. Bancorp Inc. (the "Company") (TSX: BKP) is pleased to announce its third quarter financial results. During the third quarter of 2008, and updated for subsequent events up until the date hereof, the Company:

- Grew assets invested and under management to approximately $595 million from $355 million at the end of the second quarter of 2008;

- Promoted a $29 million public offering for Class A shares and warrants in C.A. Bancorp Canadian Realty Finance Corporation (TSX: RF.A)(TSX: RF.WT);

- Closed two private equity investments for total invested capital of $6 million;

- Announced the pending sale, subject to regulatory consents and approvals, of AgriFinancial Canada Corp. for expected net proceeds to the Company of $18.5 million before taxes;

- Reviewed over 37 private investment opportunities in both public and private companies pertaining to buy-out, refinancing and growth capital situations; and

- Delivered another quarter of revenue growth, making it the Company's seventh consecutive quarter of revenue growth.

The Company is pleased to report that its portfolio of private investments is performing at or above the Company's expectations. The Company has been gradually liquidating its public portfolio from its peak holdings in 2007. As a result of the unprecedented volatility and drop in value of the equity markets, the Company has expedited the liquidation of its public portfolio. This sale of public securities is being undertaken as part of the Company's strategy to refocus its resources on private investments. The Company had $14.9 million in the public portfolio on September 30, 2008 and as at November 3, 2008 it had $6.3 million remaining before consideration of any margin facilities drawn against the portfolio.

2008 Third- quarter Financial Highlights

The Company's consolidated financial results for the quarter ended September 30, 2008 are as follows:

- Net loss in the quarter of $0.2 million (Q3, 2007 - net loss of $1.1 million) or loss per share of $0.01 (Q3, 2007 - loss per share of $0.04) on a basic and fully diluted basis;

- The Company's net book value per common share was $2.82 (June 30, 2008 - $2.81) and the closing price on the Toronto Stock Exchange ("TSX") on September 30, 2008 (the last day of trading for the quarter) was $1.20 (June 30, 2008 - $1.55). This difference represented a trading discount to net book value of 57% compared to 45% at June 30, 2008;

- The Company's net book value per share increased in the quarter despite reporting a loss as a result of the accretive effects of the common share repurchases;

- Total on-balance sheet assets of $182 million and additional assets under management of $413 million for a total of $595 million in assets invested and under management;

- Total revenue comprised of interest and investment income, asset management fees, other fees and commissions of $5.3 million (Q3, 2007 - $2.5 million);

- Net results of investments was a net loss of $1.7 million (Q3, 2007 - a net loss of $1.6 million) which includes $0.3 million in realized losses on publicly traded investments (Q3, 2007 - realized gain on publicly traded investments of $0.3 million);

- Positive cash flow from operations (from the statement of cash flows before consideration of changes in non-cash working capital) of $0.5 million (Q3, 2007 - $0.8 million).

Outlook

The Company intends to continue to pursue new private investments through the remainder of 2008 and into 2009. Any private investments will be funded with existing cash and the proceeds from the liquidation of the public portfolio. The Company believes that the continued transition of the Company's invested capital from publicly traded investments to private investments will increase the stability and predictability of the Company's financial performance. Beginning in November 2008, the Company's operating expenses will increase by approximately $1.1 million as a result of assuming additional costs formerly paid by Sentry Select Capital Corp. as disclosed in a press release dated November 4, 2008.

Purchase of Common Shares for Cancellation

In the second quarter of 2008, the Company's shareholders approved a mandatory market purchase plan (the "Mandatory") with a view to enhancing the liquidity of its common shares and helping to reduce the spread between the Company's net book value per common share and the market price of the common shares on the TSX. The Mandatory requires the Company to purchase its shares for cancellation subject to specified conditions and thresholds. As of November 1, 2008, the Company had repurchased 769,800 common shares for cancellation through the Mandatory at an average price of $1.46 totaling approximately $1.1 million of the Company's capital.

In August 2008, the Company renewed its normal course issuer bid ("NCIB") enabling it to purchase its common shares in the open market for cancellation. Any such purchases are made by the Company at the prevailing market price at the time of such purchases in accordance with the requirements of the TSX. As of November 1, 2008, the Company had purchased a total of 900,100 common shares for cancellation at an average price of $1.86 per share under the NCIB since its inception in August 2007.

Under both the Mandatory and the NCIB, purchasing the Company's common shares in the marketplace for cancellation at prices below net book value is accretive for all remaining shareholders.

Q3 Conference Call

A conference call has been scheduled for Thursday November 6, 2008 at 11:00 a.m. EST to discuss the Company's 2008 third quarter financial results and provide an update on current business activities. C.A. Bancorp's 2008 third quarter Management's Discussion and Analysis and Consolidated Financial Statements will be available on its website at www.cabancorp.com and on SEDAR at www.sedar.com prior to the call.

To participate in the call, please dial 416-620-3447 or 1-800-396-7098. A recording of the conference call will be available for replay until Friday, December 12, 2008, by dialing 416-695-5800 or 1-800-408-3053, passcode: 3274353#.

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. With over $590 million of assets invested or under management, 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 news release contains forward-looking statements. These statements relate to anticipated future events, results, circumstances, performance or expectations that are not historical facts but instead represent C.A. Bancorp's beliefs regarding future events. Often, but not always, forward-looking statements can be identified by the use of forward-looking words such as "will", "expect", "intend", "plan", "estimate", "anticipate", "believe" or "continue", similar words or the negative thereof, or variations of such words and phrases that certain actions, events or anticipated outcomes "may", "would" or "might" be taken, occur or be achieved. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur. The future business, operations and performance of C.A. Bancorp discussed herein could differ materially from those expressed or implied by such statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Forward-looking statements are based on a number of assumptions which may prove to be incorrect. Additional, important factors that could cause actual results to differ materially from expectations include, among other things, the ability of the Company to liquidate its public portfolio, to make additional private investments, impact of the Mandatory on the liquidity of the Company's common shares and general economic and market factors, competition, interest rates, tax related matters, loss of personnel, reliance on key personnel and the possibility of Sentry Select requesting reimbursement of the salaries of the Charter REIT employees. The Company cautions that risk factors discussed in applicable continuous disclosure filings required by law that the Company has made and filed on SEDAR including its MD&A and annual information form, should also be considered carefully and that undue reliance not be placed on forward-looking statements as events and results could differ materially from those expressed or implied by forward-looking statements made by the Company. The cautionary statements qualify all forward-looking statements attributable to C.A. Bancorp and persons acting on its behalf. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release. C.A. Bancorp does not undertake, and specifically disclaims, any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

C.A. Bancorp Inc.
The Exchange Tower
130 King Street West
Suite 2810, P.O. Box 104
Toronto, Ontario M5X 1A4
Telephone: (416) 214-5985
Fax: (416) 861-8166

Contacts:
C.A. Bancorp Inc.Mark Gardhouse
President
1-866-388-5985
(416) 861-8166 (FAX)

C.A. Bancorp Inc.Paolo De Luca
Chief Financial Officer
1-866-388-5985
(416) 861-8166 (FAX)
Email: info@cabancorp.com
Website: www.cabancorp.com