Exhibit 99.1

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

July 26, 2011

For Immediate Release:		Contact:		Robert M. Farr Chief Executive Officer Birmingham Bloomfield Bancshares, Inc. 248-283-6430

Birmingham Bloomfield Bancshares, Inc.
Announces Continued Profitability with Second Quarter Results

BIRMINGHAM, MI — Birmingham Bloomfield Bancshares, Inc. (OTC Bulletin Board: BBBI.OB) (“the Company”), the holding company for Bank of Birmingham, today announced continued profitability and record earnings for the first six months of 2011. The favorable results are a product of improved margins, lower loan loss provision expense and increased noninterest income.

The Company reported net income of $261,000 or $0.15 per common share for the second quarter of 2011 compared to net income of $85,000 or $0.05 per common share for the same period of 2010. Net income for the six month period ended June 30, 2011 was $676,000 or $0.38 per common share compared to $67,000 or $0.04 per common share for the same period last year.

Results of Operation

The Company continues to experience an increase in net interest income as a result of growth in the loan portfolio, higher yields on earning assets and lower net funding costs. Net interest income for the second quarter of 2011 was $1.251 million an increase of 17.3% compared to the same period last year. Net interest margin continued the trend of quarterly improvement reaching 4.51% for the period. Net interest income for the first six months of 2011 increased 24.6% to $2.511 million compared to the same period ended June 30, 2010. Net interest margin for the six month period ended June 30, 2011 was 4.50% compared to 4.08% for the same period last year.

Provision expense for the second quarter of 2011 was $15,000, a decrease of $162,000 from the same period last year and $24,000 less than March 31, 2011. Total provision expense for the year to date period ending June 30, 2011 was $54,000 a reduction of $235,000 relative to same period of 2010. The lower provision expense reported for the current year is directly attributable to the improved credit quality of the loan portfolio and limited number of nonperforming assets. The Company did not experience any charge offs during the first six months of 2011, compared to $296,000 for the same period last year.

Revenue from non-interest income sources continue to positively impact the performance

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

of the Company. Noninterest income for the second quarter of 2011 was $280,000 an increase of $243,000 compared to the same period last year. Total non-interest income for the six month period ended June 30, 2011 reached $605,000, an increase of $541,000 relative to the same period of 2010. The improvement is a result of an increase in the volume of residential loans sold in the secondary market and Small Business Administration (“SBA”) loan activity. Mortgage related income for the three and six month period ended June 30, 2011 was $47,000 and $59,000, respectively. SBA loan sales generated revenue of $209,000 during the second quarter of 2011 and $501,000 for the six month period ended June 30, 2011. The mortgage and SBA revenue sources are new for the Company in 2011.

Total non-interest expense for the second quarter of 2011 was $1.207 million, an increase of $414,000 compared to the same period of last year and marginally higher than the $1.083 million reported at March 31, 2011. Year to date non-interest expense for 2011 totaled $2.290 million, an increase of $664,000 relative to the same period last year. The increase in expenses relative to the prior year periods are the result of costs associated with developing the mortgage division, adding additional loan production offices for mortgage activity, hiring additional personnel and engaging professionals to assist the Company with strategic objectives.

Balance Sheet

Total assets as of June 30, 2011 were $118.604 million, a modest increase from the period ended March 31, 2011, and a 7.5% increase from December 31, 2010. The balance sheet growth is the direct result of an increase in loan and deposit balances. The Company continues to focus on generating core, organic growth in our primary markets, by providing a diverse portfolio of products. The asset quality of the Company remains strong. Nonperforming assets as of June 30, 2011 totaled $298,000 and the allowance for loan loss represented 1.50% of total loans. At June 30, 2011 the Company’s book value was $4.60 and the subsidiary Bank continues to be classified as well capitalized based on regulatory capital guidelines.

Chief Executive Officer Rob Farr issued the results and commented “we are excited to report the positive results of the Company for the first six months of 2011. We have been able to achieve a Return on Average Assets before preferred dividends of 1.34% and maintain a strong margin given the difficult interest rate environment and economy. Our core profitability continues to perform above peer and provide value to the franchise. The results of the Company are a direct result of the strategic initiatives management and the Board have implemented over the past 12 months. We look forward to the remainder of the 2011 and the future of the organization.”

Birmingham Bloomfield Bancshares, Inc. is the holding company for Bank of Birmingham, a full-service community bank serving Oakland County. Bank of Birmingham is dedicated to providing financial services to small and medium sized

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

businesses; their owners and employees; professionals; and individuals who work or reside in the Oakland County 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.

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)

		June 30,				December 31,				June 30,
		2011				2010				2010
ASSETS
Cash and due from banks		$	13,251,574			$	5,300,368			$	15,250,255
Federal funds sold			—				65,936				34,492
Total cash and cash equivalents			13,251,574				5,366,304				15,284,747
Securities available-for-sale			2,951,686				3,200,002				4,030,157
Securities held-to-maturity			—				—				—
Federal Home Loan Bank Stock			169,900				160,200				162,100
Total securities			3,121,586				3,360,202				4,192,257
Loans held for Sale			793,209				322,500				—
Portfolio loans
Consumer loans			1,065,737				1,054,573				793,309
Mortgage loans			10,545,335				11,335,007				10,592,809
Commercial loans			88,467,511				87,989,098				78,818,713
Total loans			100,078,583				100,378,678				90,204,831
Less: Allowance for loan loss			1,502,099				1,448,096				1,167,482
Net loans			98,576,484				98,930,582				89,037,349
Premises and equipment, net			1,480,407				1,359,510				1,408,849
Accrued interest receivable and other assets			1,380,689				995,438				1,066,513
TOTAL ASSETS		$	118,603,949			$	110,334,536			$	110,989,715
LIABILITIES
Deposits
Noninterest-bearing		$	16,374,765			$	14,190,295			$	11,815,643
Interest-bearing			89,930,476				83,060,199				87,988,239
Total deposits			106,305,241				97,250,494				99,803,882
Short term borrowings			—				1,469,095				—
Accrued interest payable, taxes and other liabilities			602,245				629,422				363,905
Total liabilities			106,907,486				99,349,011				100,167,787
SHAREHOLDERS’ EQUITY
Senior preferred stock A			1,635,000				1,635,000				1,635,000
Discount on senior preferred stock A			(51,826	)			(61,027	)			(70,176	)
Warrant preferred stock B			82,000				82,000				82,000
Premium on warrant preferred stock B			5,633				6,634				7,628
Senior preferred stock C			1,744,000				1,744,000				1,744,000
Discount on senior preferred stock C			—				—				—
Common Stock, no par value			17,034,330				17,034,330				17,034,330
Authorized — 4,500,000 shares
Issued and outstanding — 1,800,000 shares
Accumulated other comprehensive income			139,975				112,908				128,195
Additional paid in capital			—				—				—
Additional paid in capital — share based payments			493,154				493,154				493,154
Accumulated deficit			(9,385,803	)			(10,061,474	)			(10,232,203	)
Total shareholders’ equity			11,696,463				10,985,525				10,821,928
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		$	118,603,949			$	110,334,536			$	110,989,715
Book value per share		$	4.60			$	4.21			$	4.12

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

		For the three months ended								For the six months ended
		June 30,								June 30,
		2011				2010				2011				2010
Interest Income
Interest and fees on loans
Commercial loans		$	1,401,178			$	1,256,460			$	2,814,965			$	2,365,979
Installment loans			13,459				10,476				26,547				18,925
Mortgage loans			15,644				18,860				35,169				35,869
Home Equity loans			97,661				89,812				195,592				178,561
Late charges and fees			6,302				5,149				17,780				13,562
Total loan interest and fee income			1,534,244				1,380,757				3,090,053				2,612,896
Interest bearing deposits			5,733				5,711				10,351				11,316
Federal Funds Sold			—				519				13				1,248
Interest on investment securities
Taxable			24,811				31,357				52,722				66,055
Tax-exempt			—				—				—				—
Total investment income			24,811				31,357				52,722				66,055
Total interest income			1,564,788				1,418,344				3,153,139				2,691,515
Interest Expense
Interest on deposits			313,877				351,733				627,932				675,979
Interest on borrowed funds			—				—				14,509				—
Total interest expense			313,877				351,733				642,441				675,979
Net Interest Income			1,250,911				1,066,611				2,510,698				2,015,536
Provision for loan losses			15,000				176,892				54,000				289,297
Net Interest Income After Provision for Loan Losses			1,235,911				889,719				2,456,698				1,726,239
Non-interest Income
Service charge income			12,589				12,443				24,161				22,078
Mortgage banking activities			47,322				—				58,761				—
Other income			220,253				24,435				522,351				41,822
Total non-interest income			280,164				36,878				605,273				63,900
Non-interest Expense
Salaries and employee benefits			643,368				356,383				1,225,385				757,007
Occupancy expense			125,583				101,841				243,685				220,475
Equipment expense			42,188				34,492				77,588				70,069
Loss on branch closing			—				—				—				—
Advertising			44,697				46,960				80,743				52,240
Data Processing			60,560				49,580				109,573				105,130
Professional fees			145,916				98,177				257,440				166,388
Other expense			144,207				104,612				295,521				254,939
Total non-interest expense			1,206,519				792,045				2,289,935				1,626,248
Net Income (Loss) Before Income Taxes			309,556				134,552				772,036				163,891
Income tax expense			—				—				—				—
Net Income (Loss)			309,556				134,552				772,036				163,891
Dividend and accretion on preferred stock			48,182				49,207				96,365				96,658
Net Income (Loss) applicable to common shareholders		$	261,374			$	85,345			$	675,671			$	67,233
Income (Loss) per share — basic		$	0.15			$	0.05			$	0.38			$	0.04

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

		Year to Date
		June 30,								Change
		2011				2010				Amount				Percentage
INCOME STATEMENT
Interest Income		$	3,153			$	2,692			$	462				17.2	%
Interest Expense			642				676				(34	)			-5.0	%
Net Interest Income			2,511				2,016				495				24.6	%
Provision for loan loss			54				289				(235	)			-81.3	%
Non-interest income			605				64				541				847.2	%
Non-interest expense			2,290				1,626				664				40.8	%
Income (loss) before Income Taxes			772				164				608				371.1	%
Income tax expense			—				—				—				0.0	%
Net Income (Loss)			772				164				608				371.1	%
Dividend and accretion on preferred stock			96				97				(0	)			-0.3	%
Net Income (Loss) — common shareholders		$	676			$	67			$	608				905.0	%
Income (loss) per share — basic & diluted		$	0.38			$	0.04			$	0.34				905.0	%
BALANCE SHEET DATA
Total assets			118,604				110,990				7,614				6.9	%
Average Assets			116,223				102,266				13,957				13.6	%
Total loans			100,079				90,205				9,874				10.9	%
Allowance for loan loss (ALLL)			1,502				1,167				335				28.7	%
Total deposits			106,305				99,804				6,501				6.5	%
Other borrowings			—				—				—				0.0	%
Shareholders’ equity			11,696				10,822				875				8.1	%
Average Equity			11,325				10,746				579				5.4	%
ASSET QUALITY
Other real estate owned (OREO)			298				—				298				0.0	%
Net charge-offs			—				296				(296	)			-100.0	%
Non-accrual loans			—				—				—				0.0	%
(2) Non-performing assets (NPA)			298				—				298				0.0	%
Non-accrual loans / total loans			0.00	%			0.00	%			0.00	%			0.0	%
Allowance for loan loss / total loans			1.50	%			1.29	%			0.21	%			16.0	%
PERFORMANCE MEASUREMENTS
Net interest margin (tax equivalent)			4.50	%			4.08	%			0.42	%			10.3	%
(1) Return on average assets (annualized)			1.34	%			0.32	%			1.02	%			314.6	%
(1) Return on average common equity (annualized)			19.67	%			4.50	%			15.17	%			337.6	%
Efficiency ratio			73.49	%			78.21	%			-4.72	%			-6.0	%
Tier 1 Leverage Ratio (Bank only)			8.55	%			8.50	%			0.05	%			0.59	%
Equity / Assets			9.86	%			9.75	%			0.11	%			1.1	%
Total loans / Total deposits			94.1	%			90.4	%			3.76	%			4.2	%
Book value per share		$	4.60			$	4.12			$	0.48				11.6	%
Income (loss) per share — basic & diluted		$	0.38			$	0.04			$	0.34				905.0	%
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
		June 30,				March 31				December 31,				September 30,				June 30,
		2011				2011				2010				2010				2010
INCOME STATEMENT
Interest Income		$	1,565			$	1,588			$	1,554			$	1,506			$	1,418
Interest Expense			314				329				327				337				352
Net Interest Income			1,251				1,260				1,226				1,170				1,067
Provision for loan loss			15				39				49				256				177
Non-interest income			280				325				37				24				37
Non-interest expense			1,207				1,083				1,046				840				792
Income (loss) before Income Taxes			310				462				169				98				135
Income tax expense			—				—				—				—				—
Net Income (Loss)			310				462				169				98				135
Dividend and accretion on preferred stock			48				48				48				48				49
Net Income (Loss) applicable to common		$	261			$	414			$	121			$	50			$	85
Income (loss) per share — basic & diluted		$	0.15			$	0.23			$	0.07			$	0.03			$	0.05
BALANCE SHEET DATA
Total assets			118,604				116,521				110,335				111,254				110,990
Average Assets			117,002				115,435				111,366				110,091				106,960
Total loans			100,079				98,205				100,379				94,284				90,205
Allowance for loan loss (ALLL)			1,502				1,487				1,448				1,424				1,167
Total deposits			106,305				104,588				97,250				99,997				99,804
Other borrowings			—				—				1,469				—				—
Shareholders’ equity			11,696				11,403				10,986				10,899				10,822
Average Equity			11,481				11,167				10,942				10,860				10,770
ASSET QUALITY
Other real estate owned (OREO)			298				—				—				298				—
Net charge-offs			—				—				24				—				265
Non-accrual loans			—				298				298				—				—
(2) Non-performing assets (NPA)			298				298				298				298				—
Non-accrual loans / total loans			0.00	%			0.30	%			0.30	%			0.00	%			0.00	%
Allowance for loan loss / total loans			1.50	%			1.51	%			1.44	%			1.51	%			1.29	%
PERFORMANCE MEASUREMENTS
Net interest margin (tax equivalent)			4.51	%			4.49	%			4.69	%			4.41	%			4.13	%
(1) Return on average assets (annualized)			1.06	%			1.62	%			0.60	%			0.35	%			0.50	%
(1) Return on average common equity (annualized)			15.39	%			24.17	%			8.89	%			5.21	%			7.32	%
Efficiency ratio			78.80	%			68.36	%			82.78	%			70.39	%			71.78	%
Tier 1 Leverage Ratio (Bank only)			8.55	%			8.33	%			8.15	%			8.19	%			8.53	%
Equity / Assets			9.86	%			9.79	%			9.96	%			9.80	%			9.75	%
Total loans / Total deposits			94.1	%			93.9	%			103.2	%			94.3	%			90.4	%
Book value per share		$	4.60			$	4.44			$	4.21			$	4.16			$	4.12
Income (loss) per share — basic & diluted		$	0.15			$	0.23			$	0.07			$	0.03			$	0.05
Shares outstanding			1,800,000				1,800,000				1,800,000				1,800,000				1,800,000