EXHIBIT 99.1

		Birmingham Bloomfield Bancshares, Inc. 33583 Woodward Avenue Birmingham, MI 48009 248-723-7200

Total non-interest expense during the first quarter of 2011 increased to $1.083 million from $834,000 for the same period of last year. The increased operating costs were mainly the result of the added costs associated with the mortgage division, hiring additional personnel, implementing new marketing initiatives and utilizing various consultants to assist the Corporation in addressing key strategies. Despite the increased operating costs, the Corporation’s efficiency ratio, a measurement of the cost to generate revenue, declined to 68.4% during the most recent quarter, a positive trend.

Balance Sheet

The Corporation continues to experience quality growth in our core markets as total assets reached $116.521 million as of March 31, 2011 an increase of $17.711 million from the same quarter last year and $6.186 from December 31, 2010. The increase is the direct result of growth in loan and deposit balances. Total loans over the past 12 months have grown $12.052 million as the Corporation concentrates lending efforts on organic, local loan opportunities. In addition, the profile of products available to customers continues to expand as the Bank offers more options for residential mortgage and commercial customers, including SBA products. The subsidiary Bank also remains well capitalized based on regulatory capital guidelines.

Chief Executive Officer Rob Farr issued the results and commented “the Corporation is positively positioned to benefit from an improving economy. We have a strong capital position and ability to make quality loans for customers in our market. The first quarter results reflect the Corporation’s successful implementation of our strategic plan and addition of new income sources to diversify earnings. The Bank has expanded the loan options available to customers with the addition of the residential mortgage division and SBA lending products. Our core revenue represented by our net interest margin remains above peers and continues to provide a strong foundation for the organization. We are optimistic about our possibilities 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 sized 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 manager who serves a single point of contact empowered to provide all the bank’s services.

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

		Birmingham Bloomfield Bancshares, Inc. 33583 Woodward Avenue Birmingham, MI 48009 248-723-7200

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.

(Unaudited Consolidated Financial Statements Follow)

Birmingham Bloomfield Bancshares, Inc.
Consolidated Balance Sheet (Unaudited)

		March 31,
		2011				2010
ASSETS
Cash and due from banks		$	14,036,879			$	5,283,928
Federal funds sold			—				2,238,858
Total cash and cash equivalents			14,036,879				7,522,786
Securities available-for-sale			3,150,652				3,633,928
Securities held-to-maturity			—				—
Federal Home Loan Bank Stock			160,200				162,100
Total securities			3,310,852				3,796,028
Loans held for Sale			—				—
Portfolio loans
Consumer loans			813,491				501,498
Mortgage loans			11,257,843				10,604,172
Commercial loans			86,133,771				75,047,441
Total loans			98,205,105				86,153,111
Less: Allowance for loan loss			1,487,099				1,254,964
Net loans			96,718,007				84,898,147
Premises and equipment,net			1,435,426				1,444,071
Accrued interest receivable and other assets			1,019,575				1,148,941
TOTAL ASSETS		$	116,520,738			$	98,809,973
LIABILITIES
Deposits
Noninterest-bearing		$	12,477,840			$	9,320,275
Interest-bearing			92,110,155				78,412,227
Total deposits			104,587,995				87,732,502
Short term borrowings			—				—
Accrued interest payable, taxes and other liabilities			529,559				359,774
Total liabilities			105,117,554				88,092,276
SHAREHOLDERS’ EQUITY
Senior preferred stock A			1,635,000				1,635,000
Discount on senior preferred stock A			(56,427	)			(74,827	)
Warrant preferred stock B			82,000				82,000
Premium on warrant preferred stock B			6,133				8,134
Senior preferred stock C			1,744,000				1,744,000
Discount on senior preferred stock C			—				—
Common Stock, no par value			17,034,330				17,034,330
Authorized — 4,500,000 shares
Issued and outstanding — 1,800,000 shares
Accumulated other comprehensive income			112,171				113,454
Additional paid in capital			—				—
Additional paid in capital — share based payments			493,154				493,154
Accumulated deficit			(9,647,177	)			(10,317,548	)
Total shareholders’ equity			11,403,185				10,717,697
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		$	116,520,738			$	98,809,973
Book value per share		$	4.44			$	4.07

Birmingham Bloomfield Bancshares, Inc.
Consolidated Statement of Income (Unaudited)

		Year to Date
		March 31,
		2011				2010
Interest Income
Interest and fees on loans
Commercial loans		$	1,413,787			$	1,109,519
Installment loans			13,088				8,449
Mortgage loans			19,525				17,009
Home Equity loans			97,931				88,749
Late charges and fees			11,478				8,413
Total loan interest and fee income			1,555,809				1,232,139
Interest bearing deposits			4,618				5,605
Federal Funds Sold			13				729
Interest on investment securities
Taxable			27,911				34,699
Tax-exempt			—				—
Total investment income			27,911				34,699
Total interest income			1,588,351				1,273,172
Interest Expense
Interest on deposits			314,055				324,246
Interest on borrowed funds			14,509				—
Total interest expense			328,564				324,246
Net Interest Income			1,259,787				948,926
Provision for loan losses			39,000				112,405
Net Interest Income After Provision for Loan Losses			1,220,787				836,521
Non-interest Income
Service charge income			11,572				9,635
Mortgage banking activities			11,439				—
Other income			302,098				17,387
Total non-interest income			325,109				27,022
Non-interest Expense
Salaries and employee benefits			582,017				400,624
Occupancy expense			118,102				118,634
Equipment expense			35,400				35,577
Loss on branch closing			—				—
Advertising			36,046				5,280
Data Processing			49,013				55,550
Professional fees			111,524				68,211
Other expense			151,314				150,327
Total non-interest expense			1,083,416				834,203
Net Income (Loss) Before Income Taxes			462,480				29,339
Income tax expense			—				—
Net Income (Loss)			462,480				29,339
Dividend and accretion on preferred stock			48,183				47,451
Net Income (Loss) applicable to common shareholders		$	414,297			$	(18,112	)
Income (Loss) per share — basic		$	0.23			$	(0.01	)

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

		Year to Date
		March 31,								Change
		2011				2010				Amount				Percentage
INCOME STATEMENT
Interest Income		$	1,588			$	1,273			$	315				24.8	%
Interest Expense			329				324				4				1.3	%
Net Interest Income			1,260				949				311				32.8	%
Provision for loan loss			39				112				(73	)			-65.3	%
Non-interest income			325				27				298				1103.1	%
Non-interest expense			1,083				834				249				29.9	%
Income (loss) before Income Taxes			462				29				433				1476.3	%
Income tax expense			—				—				—				0.0	%
Net Income (Loss)			462				29				433				1476.3	%
Dividend and accretion on preferred stock			48				47				1				1.5	%
Net Income (Loss) — common shareholders		$	414			$	(18	)		$	432				2387.4	%
Income (loss) per share — basic & diluted		$	0.23			$	(0.01	)		$	0.24				2387.4	%
BALANCE SHEET DATA
Total assets			116,521				98,810				17,711				17.9	%
Average Assets			115,445				97,520				17,925				18.4	%
Total loans			98,205				86,153				12,052				14.0	%
Allowance for loan loss (ALLL)			1,487				1,255				232				18.5	%
Total deposits			104,588				87,733				16,855				19.2	%
Other borrowings			—				—				—				0.0	%
Shareholders’ equity			11,403				10,718				685				6.4	%
Average Equity			11,140				10,723				418				3.9	%
ASSET DUALITY
Other real estate owned (OREO)			—				—				—				0.0	%
Net charge-offs			—				31				(31	)			-100.0	%
Non-accrual loans			298				—				298				0.0	%
(2) 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			1.51	%			1.46	%			0.06	%			4.0	%
PERFORMANCE MEASUREMENTS
Net interest margin (tax equivalent)			4.49	%			4.06	%			0.43	%			10.6	%
(1) Return on average assets (annualized)			1.62	%			0.12	%			1.50	%			1231.6	%
(1) Return on average common equity (annualized)			24.26	%			1.62	%			22.64	%			1394.5	%
Efficiency ratio			68.36	%			85.48	%			-17.12	%			20.0	%
Tier 1 Leverage Ratio (Bank only)			8.33	%			8.80	%			-0.47	%			-5.34	%
Equity / Assets			9.79	%			10.85	%			-1.06	%			-9.8	%
Total loans / Total deposits			93.9	%			98.2	%			-4.30	%			-4.4	%
Book value per share		$	4.44			$	4.07			$	0.37				9.1	%
Income (loss) per share — basic & diluted		$	0.23			$	(0.01	)		$	0.24				2387.4	%
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
		March 31,				December 31,				September 30,				June 30,				March 31,
		2011				2010				2010				2010				2010
INCOME STATEMENT
Interest Income		$	1,588			$	1,554			$	1,506			$	1,418			$	1,273
Interest Expense			329				327				337				352				324
Net Interest Income			1,260				1,226				1,170				1,067				949
Provision for loan loss			39				49				256				177				112
Non-interest income			325				37				24				37				27
Non-interest expense			1,083				1,046				840				792				834
Income (loss) before Income Taxes			462				169				98				135				29
Income tax expense			—				—				—				—				—
Net Income (Loss)			462				169				98				135				29
Dividend and accretion on preferred stock			48				48				48				49				47
Net Income (Loss) applicable to common		$	414			$	121			$	50			$	85			$	(18	)
Income (loss) per share — basic & diluted		$	0.23			$	0.07			$	0.03			$	0.05			$	(0.01	)
BALANCE SHEET DATA
Total assets			116,521				110,335				111,254				100,168				98,810
Average Assets			115,435				111,932				110,091				106,960				97,520
Total loans			98,205				100,379				94,284				90,478				86,153
Allowance for loan loss (ALLL)			1,487				1,448				1,424				1,167				1,255
Total deposits			104,588				97,250				99,997				99,804				87,733
Other borrowings			—				1,469				—				—				—
Shareholders’ equity			11,403				10,986				10,899				10,822				10,718
Average Equity			11,140				10,935				10,860				10,770				10,723
ASSET QUALITY
Other real estate owned (OREO)			—				—				—				—				—
Net charge-offs			—				24				—				265				31
Non-accrual loans			298				298				—				—				—
(2) Non-performing assets (NPA)			298				298				—				—				—
Non-accrual loans / total loans			0.30	%			0.30	%			0,00	%			0.00	%			0.00	%
Allowance for loan loss / total loans			1.51	%			1.44	%			1.51	%			1.29	%			1.46	%
PERFORMANCE MEASUREMENTS
Net interest margin (tax equivalent)			4.49	%			4.69	%			4.41	%			4.13	%			4.06	%
(1) Return on average assets (annualized)			1.62	%			0.60	%			0.35	%			0.50	%			0.12	%
(1) Return on average common equity (annualized)			24.26	%			8.89	%			5.21	%			7.32	%			1.62	%
Efficiency ratio			68.36	%			82.78	%			70.39	%			71.78	%			85.48	%
Tier 1 Leverage Ratio (Bank only)			8.33	%			8.15	%			8.20	%			8.50	%			8.80	%
Equity / Assets			9.79	%			9.96	%			9.80	%			10.80	%			10.85	%
Total loans / Total deposits			93.9	%			103.2	%			94.3	%			90.7	%			98.2	%
Book value per share		$	4.44			$	4.21			$	4.16			$	4.12			$	4.07
Income (loss) per share — basic & diluted		$	0.23			$	0.07			$	0.03			$	0.05			$	(0.01	)
Shares outstanding			1,800,000				1,800,000				1,800,000				1,800,000				1,800,000