To participate in the call, please dial 416-340-2217 or 1-866-696-5910, passcode: 7323166#. A recording of the conference call will be available for replay until December 24, 2009 by dialing 416-695-5800 or 1-800-408-3053, passcode: 4168460#.

Third Quarter 2009 Highlights

--  C.A. Bancorp increased its total potential equity interest in High
    Fidelity HDTV Inc. to 19%.

--  Weighted average implied internal rate of return of approximately 20% on
    the portfolio of investments in private entities from inception to
    September 30, 2009.

--  C.A. Bancorp internalized its management and administrative functions
    (the "Internalization") previously provided by Sentry Select Capital
    Corp. ("Sentry Select") as well as terminated an administration
    agreement between the Company's wholly-owned subsidiary C.A. Bancorp
    Ltd. (in its capacity as manager of C.A. Bancorp Canadian Realty Finance
    Corporation ("CRFC")) and Sentry Select for a total one-time termination
    fee of approximately $1.4 million. If the internalization occurred in
    2011, in accordance with the terms of the management and administration
    agreements, the termination fee would have been approximately $5.1
    million based on a book value of $67.8 million. As a result, the
    internalization provided a less costly solution to achieving the
    objectives of independence and longer-term financial and operating
    flexibility.

--  C.A. Bancorp had approximately $12.1 million of cash and other net
    liquid assets and long-term debt of only $2.1 million on the balance
    sheet as at September 30, 2009.
Third Quarter 2009 Financial Results
Income Statement Highlights
----------------------------------------------------------------------------

In Canadian $ millions
 except per share                                       For the nine months
 amounts                 For the three months ended            ended
                       -----------------------------------------------------
                       September    June 30, September  September September
                        30, 2009       2009   30, 2008   30, 2009  30, 2008
----------------------------------------------------------------------------
Revenue                    $ 1.3      $ 1.4      $ 2.4      $ 4.0     $ 6.4
Net results of
 investments                 0.1       (1.5)      (1.7)       5.2      (6.6)
Expenses, taxes and
 non-controlling
 interest                    3.3        1.7        1.0        6.9       3.3
----------------------------------------------------------------------------
Net income (loss)           (1.9)      (1.8)      (0.3)       2.3      (3.5)
Add back: One-time
 costs related to the
 Internalization             1.5        0.6          -        2.1         -
----------------------------------------------------------------------------
Net income (loss)
 excluding one-time
 costs related to the
 Internalization          $ (0.4)    $ (1.2)    $ (0.3)     $ 4.4    $ (3.5)
----------------------------------------------------------------------------
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Net earnings (loss) per
 share                   $ (0.07)   $ (0.07)   $ (0.01)    $ 0.09   $ (0.12)
----------------------------------------------------------------------------
Add back: One-time
 costs related to the
 Internalization            0.06       0.02         -        0.08         -
----------------------------------------------------------------------------
Net earnings (loss) per
 share                   $ (0.01)   $ (0.05)   $ (0.01)    $ 0.17   $ (0.12)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Key Balance Sheet Items
----------------------------------------------------------------------------
In Canadian $ millions except per share     September   June 30, September
 amounts                                     30, 2009      2009   30, 2008
----------------------------------------------------------------------------
Cash and other net liquid assets               $ 12.1    $ 14.3      $ 8.2

----------------------------------------------------------------------------
Assets from continuing operations              $ 71.9    $ 73.7     $ 93.5
Liabilities                                       4.1       3.9       15.8
----------------------------------------------------------------------------
Shareholders' equity                           $ 67.8    $ 69.8     $ 77.7
----------------------------------------------------------------------------
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Number of shares outstanding                     26.7      26.8       27.5
----------------------------------------------------------------------------
Net book value per share                       $ 2.54    $ 2.61     $ 2.82
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Closing market price per share                 $ 0.86    $ 0.87     $ 1.20
Market price discount to net book value           (66%)     (67%)      (57%)
----------------------------------------------------------------------------

Financial Results Discussion

Revenues from continuing operations in the third quarter 2009 declined compared to both the second quarter of 2009 and the third quarter of 2008. This is primarily attributable to two factors: (1) C.A. Bancorp generated less revenue as the Company substantially liquidated its publicly traded investment portfolio in the fourth quarter 2008, and (2) the Company no longer consolidates the accounts of CRFC which generated significant interest income revenue. The Company consolidated the accounts of CRFC from February 22, 2008 to September 11, 2008 when it owned 100% of CRFC's Class A shares (the Company currently owns approximately 29% of CRFC's Class A shares).

The Company also realized cash distributions of $0.4 million from its investments in Charter REIT and CRFC in the quarter that are not included in the Company's revenues as the investments are accounted for under the equity method under Canadian GAAP.

Net results on investments resulted in a gain of $0.1 million in the third quarter 2009 compared to a loss of $1.7 million in the third quarter of 2008 as the Company substantially reduced its exposure to publicly traded investments which was the primary source of volatility losses in 2008. The loss from net results on investments in the second quarter of 2009 changed to a gain in the third quarter of 2009 as non-cash impairment charges against the Company's investment in Barlow Capital Management Inc. were recognized in the second quarter of 2009.

Expenses increased compared to the second quarter of 2009. This increase was primarily the result of one-time expenses of $1.5 million consisting of the Internalization termination fee and related expenses compared to one-time expenses related to the Internalization of $0.6 million in the second quarter 2009.

Company Outlook

The Company remains committed to its core business of managing its investments in private entities and its core sponsored managed public entities. The Company is also focused on preserving capital, maintaining liquidity and minimizing corporate debt and its operating costs.

The Company is in the process of finalizing its operating plan and financial forecast for fiscal year 2010. The Company, with the Internalization now complete, is focused on generating maximum value from all its investments and expects to be both cash flow and earnings positive in 2010. The Company will provide more detailed 2010 earnings and cash flow guidance to investors before the end of 2009 by way of press release.

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 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 make additional private investments, and general economic and market factors, competition, interest rates, tax related matters, loss of personnel, reliance on key personnel, ability of the Company to generate positive future returns for investors, Company's success in preserving capital, managing debt, maintaining liquidity and managing operating costs. 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
Toronto, Ontario M5X 1A4
Telephone: (416) 214-5985
Fax: (416) 861-8166

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

SOURCE: C.A. Bancorp Inc.

mailto:info@cabancorp.com
http://www.cabancorp.com

- enter into a sublease with Sentry Select under which the Company will sublet the space which it currently occupies on terms and conditions that reflect the terms and conditions under which Sentry Select currently leases such space;

- purchase certain computer and furniture equipment from Sentry Select;

- enter into a transition services agreement with Sentry Select pursuant to which certain administrative services will be provided to the Company for up to six months; and

- extend offers of employment to those members of management and staff who provide full time services to the Company.

On the closing of the Internalization, Mr. John Driscoll will resign his position as Chief Executive Officer ("CEO"). Mr. Driscoll, a 12% shareholder of the Company, will continue to serve as Chairman of the Company's Board of Directors.

The terms of the Internalization were arrived at following negotiations between Sentry Select and the Company's independent directors. The Independent Directors retained independent legal counsel and, in order to ensure that the Internalization was financially fair, engaged Grant Thornton LLP as their independent financial advisor. Grant Thornton provided a fairness opinion with respect to the terms of the Internalization and has, after careful analysis, concluded that the terms of the Internalization are fair from a financial point of view to the shareholders of the Company.

The Internalization is a "related party transaction" for purposes of Multilateral Instrument 61-101, however, because the fair market value of the subject matter of and the consideration for the Internalization is less than 25% of the market capitalization of the Company, the Internalization is exempt from the valuation and minority approval requirements of the Instrument.

The Company will be filing a material change report in respect of the Internalization less than 21 days before the expected closing of the Internalization on the basis that this shorter period is reasonable in the circumstances as the Company disclosed the proposed Internalization on substantially similar terms in its second quarter results publicly disseminated on August 7, 2009.

"The Company has reached a stage in its development where it believes it can more effectively meet its management and administration needs internally. Sentry Select played an important and vital role in the initial stages of the Company's growth, but now the Company is well positioned to move forward independently. This Internalization is a crucial first step in that direction," said Mark Gardhouse, President of C.A. Bancorp.

Rationale

The Internalization will have the following immediate benefits to the Company and its shareholders:

- simplification of the Company's operating and corporate structure;

- the ability to better align management's interests with those of the Company's shareholders as a result of the direct employment of these individuals;

- the ability of the Company to make strategic and operational decisions without the uncertainty of variable management fees and performance fees to Sentry Select which will be eliminated; and

- an improvement to the Company's corporate governance structure as all directors of the Company will be unrelated to management.

If the Company had chosen to terminate the Management Agreements in 2011 in accordance with their terms, a payment approximating five times 1.5% of the closing net book value of the Company would have been payable to Sentry Select, an amount which may have been in excess of the Termination Fee negotiated by the Company. Based on the Company's closing net book value as of June 30, 2009 of $69,815,000, the amount would have been approximately $5,200,000. As such, the Internalization provides a less costly and more straightforward solution to achieving the objectives of independence and longer-term financial and operating flexibility.

Aside from the Termination Fee and other one-time costs associated with the Internalization (including legal, advisory and independent director fees), the Company estimates that, in the short-term, the post-Internalization operating costs of the Company will increase by approximately $0.6 million per annum. However, in the long-term the Internalization is expected to result in costs savings to the Company as a result, in part, of the elimination of management and performance fees. While the Management Agreements provided for a performance fee being payable to Sentry Select under certain circumstances which to date have not been realized, if the Management Agreements had been renewed for successive five year terms, the conditions for the payment of performance fee including the "high-water" mark would have reset in accordance with the Management Agreements and it is possible that the Company could have paid material performance fees to Sentry Select in the future. The termination of the Management Agreements eliminates this possibility.

Management Agreements

Copies of the full text of Management Agreements and any amendments thereto are available under C.A. Bancorp's profile on SEDAR at www.sedar.com.

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 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 including, without limitation, that the conditions to closing of the Internalization will be satisfied or waived by the closing date and that the future operating costs will be as predicted. Additional important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, interest rates, tax related matters, loss of personnel, reliance on key personnel, and managing operating costs. 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.

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

SOURCE: C.A. Bancorp Inc.

mailto:info@cabancorp.com
http://www.cabancorp.com

The Manager requested and obtained the resignations of Michael Gourley (Chair), David Gavsie and Marie Rounding, the incumbent IRC, effective September 30, 2009 and appointed a new IRC effective October 6, 2009 comprised of Bruce Friesen (Chair), Don McCreesh and Michael E. Beswick. Independent Review Inc. will act as the secretariat for the new IRC.

The Manager was not seeking a new IRC because of any issues with the manner in which the previous IRC had carried out its responsibilities. The alternate arrangement was sought as this was consistent with the overall severance of the relationship with Sentry Select and determined to be more cost effective for a single manager, single fund context such as the one in which the Manager operates, compared to the cost of maintaining the existing IRC post-Internalization.

Independent Review Committee (IRC)

National Instrument 81-107 - Investment Review Committee for Investment Funds requires investment funds, including the Corporation to have an independent review committee to whom the Manager will refer conflict of interest matters.

C.A. Bancorp Canadian Realty Finance Corporation

The Corporation is a mutual fund corporation incorporated under the laws of the Province of Ontario. The Corporation was created to obtain exposure to the investment performance of an actively managed portfolio of secured loans and investments in the Canadian commercial real estate sector on a tax-efficient basis.

C.A. Bancorp Inc.

C.A Bancorp Inc. is a significant shareholder of the Corporation and manages the Corporation through its wholly-owned subsidiary C.A. Bancorp Ltd.

C.A. Bancorp Inc. is a publicly traded Canadian merchant bank (TSX: BKP) 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.

Certain statements included in this news release constitute forward-looking statements including statements identified by the words "plan," "will" and "intend," and similar expressions or the negative thereof. The forward-looking statements are not historical facts but reflect the Corporation's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Readers are cautioned not to place undue reliance on forward-looking information.

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.
Paolo De Luca
Chief Financial Officer
1-866-388-5985
416-861-8166 (FAX)
info@cabancorp.com
www.cabancorp.com

SOURCE: C.A. Bancorp Canadian Realty Finance Corporation

mailto:info@cabancorp.com
http://www.cabancorp.com

The Manager requested and obtained the resignations of Michael Gourley (Chair), David Gavsie and Marie Rounding, the incumbent IRC, effective September 30, 2009 and appointed a new IRC effective October 6, 2009 comprised of Bruce Friesen (Chair), Don McCreesh and Michael E. Beswick. Independent Review Inc. will act as the secretariat for the new IRC.

The Manager was not seeking a new IRC because of any issues with the manner in which the previous IRC had carried out its responsibilities. The alternate arrangement was sought as this was consistent with the overall severance of the relationship with Sentry Select and determined to be more cost effective for a single manager, single fund context such as the one in which the Manager operates, compared to the cost of maintaining the existing IRC post-Internalization.

Independent Review Committee (IRC)

National Instrument 81-107 - Investment Review Committee for Investment Funds requires investment funds, including the Corporation to have an independent review committee to whom the Manager will refer conflict of interest matters.

C.A. Bancorp Canadian Realty Finance Corporation

The Corporation is a mutual fund corporation incorporated under the laws of the Province of Ontario. The Corporation was created to obtain exposure to the investment performance of an actively managed portfolio of secured loans and investments in the Canadian commercial real estate sector on a tax-efficient basis.

C.A. Bancorp Inc.

C.A Bancorp Inc. is a significant shareholder of the Corporation and manages the Corporation through its wholly-owned subsidiary C.A. Bancorp Ltd.

C.A. Bancorp Inc. is a publicly traded Canadian merchant bank (TSX:BKP) 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.

Certain statements included in this news release constitute forward-looking statements including statements identified by the words "plan," "will" and "intend," and similar expressions or the negative thereof. The forward-looking statements are not historical facts but reflect the Corporation's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Readers are cautioned not to place undue reliance on forward-looking information.

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

SOURCE: C.A. Bancorp Canadian Realty Finance Corporation

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