Exhibit 99.1

Contact: Birmingham Bloomfield Bancshares, Inc. Rob Farr P: 248 283-6430

Birmingham Bloomfield Bancshares, Inc.
Announces Positive 2010 Results
Net Income and Performance Indices Rise		For Immediate Release

BIRMINGHAM, Mich., Feb. 9, 2011 — Birmingham Bloomfield Bancshares, Inc. (BBBI.OB), the holding company for Bank of Birmingham, today reported substantial improvement in earnings and performance indices for 2010.

The announcement was made by Robert E. Farr, President & Chief Executive Officer.

2010 The Corporation reported net income of $238,000, and $0.13 per diluted common share, a sharp turnaround from the year-earlier net loss of $1,988,000, or $1.10 per diluted common share. The positive earnings represent the Corporation’s first full year of profitability and the third consecutive quarter of net income.

The positive earnings results reflect double-digit increases in both net interest income and noninterest income, plus a reduction in non-interest expense. Net interest income rose 63.6% to $4,412,000, from $2,697,000 for 2009. The improvement was aided by a fractional reduction in interest expense, reflecting successful growth in local deposits, versus wholesale deposits which traditionally carry higher interest burdens. Non-interest income increased 47.3% to $126,000, from $85,000 at the close of 2009. The improvement in net interest income reflects a 26% jump in total loans, plus a 23% rise in net interest margin. Net interest margin stood at a healthy 4.3% at the close of the year.

Q4-2010 Net income rose to $121,000, or $0.07 per diluted common share, from a net loss of $1,045,000, or $0.58 per diluted common share, for Q4-2009. Included in the Q4-2009 net loss is a onetime charge of $609,330 for the consolidation of the Bloomfield branch office into the headquarters on Woodward in Birmingham.

Key balance-sheet entries were likewise positive. At the close of the quarter, total assets were up 19.1% to $110,335,000, as the Corporation continued its focus on quality organic loan growth in core market areas. Deposits jumped 19.4% to $97,250,000. Total loans increased 26% to $100,379,000. The 2010 loan total includes SBA lending. The Corporation expanded the portfolio of products available to customers by providing SBA lending to commercial customers. Additionally, the Corporation started a residential mortgage lending operation, which also represents a new, growing commercial-lending market for the Bank.

Mr. Farr noted that the Bank has a laser focus on credit quality. Non-performing assets totaled $298,000 at 2010, representing only 0.30% of total loans outstanding. The Bank is well provisioned with the allowance for loan losses at 1.44% and 1.47% at the close of 2010 and 2009, respectively. Most importantly, the Bank remained well capitalized and maintains an 8.2% Tier 1 capital ratio.

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Birmingham Bloomfield Bancshares, Inc.
2010 Results
Page 2

Mr. Farr said the Bank is generally optimistic about 2011.

“The auto industry has re-awakened and domestic production is increasing. We are well positioned in the heart of a dynamic market. Oakland County is consistently ranked among the nation’s most affluent counties. We have a strong team, which is now concentrated in one location. This will generate new synergy. We are well capitalized, including the $3.4 million in TARP dollars that will help us to continue to grow our balance sheet. We have pristine asset quality. We expect our SBA lending to increase substantially. In fact, we expect to record a first-half 2011 gain on the sale of the guaranteed portion of SBA loans sold in the fourth quarter of 2010. We also expect our new residential mortgage operations to contribute to profitability in 2011.”

Birmingham Bloomfield Bancshares, Inc. is the holding company for Bank of Birmingham, a full-service community bank serving Birmingham, Bloomfield Hills, Beverly Hills and Franklin. Bank of Birmingham is dedicated to providing financial services to small and medium size businesses; their owners and employees; professionals; and individuals who work or reside in the Birmingham/Bloomfield market area. Every Bank of Birmingham customer has a relationship manger who serves as a single point of contact empowered to provide all the bank’s services.

Birmingham Bloomfield Bancshares, Inc. marketmakers include Howe Barnes Hoefer and Arnett, Chicago; Monroe Securities, Chicago; Hill, Thompson, Magid & Co; Jersey City, New Jersey; and Hudson Securities, Inc., Jersey City, New Jersey.

Forward-Looking Statements. This news release contains comments or information that constitute forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995), which involve significant risks and uncertainties. Actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include: changes in interest rates and interest-rate relationships; changes in the national and local economy; demand for products and services; the degree of competition by traditional and non-traditional competitors; changes in banking regulations; changes in tax laws; changes in prices, levies, and assessments; our ability to successfully integrate acquisitions into our existing operations, and the availability of new acquisitions, joint ventures and alliance opportunities; the impact of technological advances; governmental and regulatory policy changes; the outcomes of contingencies; trends in customer behavior as well as their ability to repay loans; and other factors included in the Corporation’s filings with the Securities and Exchange Commission, available free via EDGAR. The Corporation assumes no responsibility to update forward-looking statements.

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(Financial schedules follow)

Birmingham Bloomfield Bancshares, Inc.
Financial Summary and Selected Ratios (Unaudited)
(Dollars in thousands except per share data)

		Year to Date
		December 31,								Change
		2010				2009				Amount				Percentage
INCOME STATEMENT
Interest Income		$	5,752			$	4,043			$	1,709				42.3	%
Interest Expense			1,340				1,345				(5	)			-0.4	%
Net Interest Income			4,412				2,697				1,714				63.6	%
Provision for loan loss			594				480				113				23.6	%
Non-interest income			126				85				40				47.3	%
Non-interest expense			3,513				4,215				(702	)			-16.7	%
Income (loss) before Income Taxes			431				(1,913	)			2,344				122.5	%
Income tax expense			—				—				—				0.0	%
Net Income (Loss)			431				(1,913	)			2,344				122.5	%
Dividend and accretion on preferred stock			193				75				117				156.1	%
Net Income (Loss) — common shareholders		$	238			$	(1,988	)		$	2,226				112.0	%
Income (loss) per share — basic & diluted		$	0.13			$	(1.10	)		$	1.24				112.0	%
BALANCE SHEET DATA
Total assets			110,335				92,637				17,698				19.1	%
Average Assets			106,532				80,312				26,220				32.6	%
Total loans			100,379				79,656				20,723				26.0	%
Allowance for loan loss (ALLL)			1,448				1,174				274				23.4	%
Total deposits			97,250				81,465				15,785				19.4	%
Other borrowings			1,469				—				1,469				0.0	%
Shareholders’ equity			10,986				10,728				258				2.4	%
Average Equity			10,823				9,898				925				9.3	%
ASSET QUALITY
Other real estate owned (OREO)			—				—				—				0.0	%
Net charge-offs			320				16				304				1897.0	%
Non-accrual loans			298				—				298				0.0	%
Non-performing assets (NPA)			298				—				298				0.0	%
Non-accrual loans / total loans			0.30	%			0.00	%			0.30	%			0.0	%
Allowance for loan loss / total loans			1.44	%			1.47	%			-0.03	%			-2.1	%
PERFORMANCE MEASUREMENTS
Net interest margin (tax equivalent)			4.32	%			3.51	%			0.81	%			23.1	%
Return on average assets (annualized)			0.40	%			-2.38	%			2.79	%			117.0	%
Return on average common equity (annualized)			5.80	%			-23.32	%			29.12	%			124.9	%
Tier 1 Leverage Ratio (Bank only)			8.2	%			9.4	%			-1.16	%			-12.3	%
Equity / Assets			10.0	%			11.6	%			-1.62	%			-14.0	%
Total loans / Total deposits			103.2	%			97.8	%			5.44	%			5.6	%
Book value per share		$	4.21			$	4.08			$	0.13				3.3	%
Income (loss) per share — basic & diluted		$	0.13			$	(1.10	)		$	1.24				112.0	%
Shares outstanding			1,800,000				1,800,000				—				0.0	%

Birmingham Bloomfield Bancshares, Inc.
Financial Summary and Selected Ratios (Unaudited)
(Dollars in thousands except per share data)

		Quarter Ended
		December 31,				September 30,				June 30,				March 31,				December 31,
		2010				2010				2010				2010				2009
INCOME STATEMENT
Interest Income		$	1,501			$	1,531			$	1,436			$	1,283			$	1,153
Interest Expense			327				337				352				324				340
Net Interest Income			1,174				1,194				1,084				959				813
Provision for loan loss			49				256				177				112				300
Non-interest income			21				27				42				35				21
Non-interest expense			977				867				815				853				1,538
Income (loss) before Income Taxes			169				98				134				29				(1,004	)
Income tax expense			—				—				—				—				—
Net Income (Loss)			169				98				134				29				(1,004	)
Dividend and accretion on preferred stock			48				48				49				47				41
Net Income (Loss) applicable to common		$	121			$	50			$	85			$	(18	)		$	(1,045	)
Income (loss) per share — basic & diluted		$	0.07			$	0.03			$	0.05			$	(0.01	)		$	(0.58	)
BALANCE SHEET DATA
Total assets			110,335				111,254				100,168				98,810				92,637
Average Assets			111,932				110,091				106,960				97,520				82,361
Total loans			100,379				94,284				90,478				86,441				79,656
Allowance for loan loss (ALLL)			1,448				1,424				1,167				1,255				1,174
Total deposits			97,250				99,997				99,804				87,733				81,465
Other borrowings			1,469				—				—				—				—
Shareholders’ equity			10,986				10,899				10,822				10,718				10,728
Average Equity			10,935				10,860				10,770				10,723				9,500
ASSET QUALITY
Other real estate owned			—				—				—				—				—
Net charge-offs			24				—				265				31				(2	)
Non-accrual loans			298				—				—				—				—
Non-performing assets			298				—				—				—				—
Non-accrual loans / total loans			0.30	%			0.00	%			0.00	%			0.00	%			0.00	%
Allowance for loan loss / total loans			1.44	%			1.51	%			1.29	%			1.45	%			1.47	%
PERFORMANCE MEASUREMENTS
Net interest margin (tax equivalent)			4.69	%			4.41	%			4.13	%			4.06	%			3.77	%
Return on average assets (annualized)			0.60	%			0.35	%			0.50	%			0.12	%			-4.84	%
Return on average common equity (annualized)			8.9	%			5.2	%			7.3	%			1.6	%			-50.7	%
Tier 1 Leverage Ratio (Bank only)			8.2	%			8.2	%			8.5	%			8.8	%			9.4	%
Equity / Assets			10.0	%			9.8	%			10.8	%			10.8	%			11.6	%
Total loans / Total deposits			103.2	%			94.3	%			90.7	%			98.5	%			97.8	%
Book value per share		$	4.21			$	4.16			$	4.12			$	4.07			$	4.08
Income (loss) per share — basic & diluted		$	0.07			$	0.03			$	0.05			$	(0.010	)		$	(0.58	)
Shares outstanding			1,800,000				1,800,000				1,800,000				1,800,000				1,800,000