Exhibit 99.1

PRESS RELEASE

TODAY’S DATE:

April 15, 2004

RELEASE DATE:

Immediate

(Nasdaq: PNTE)

POINTE FINANCIAL CORPORATION REPORTS

RESULTS FOR FIRST QUARTER OF 2004

BOCA RATON, FLORIDA - April 15, 2004 - Pointe Financial Corporation reported consolidated net earnings for the first quarter ended March 31, 2004 of $863,000, or earnings per share of $.38 basic and $.37 diluted compared to net earnings of $461,000, or $.21 basic and diluted earnings per share for the comparable period in 2003. The improvement in the Company’s net earnings is attributed to an increase in net interest income and to a lesser extent the profit received from the sale of a closed branch office. Net interest income for the period ended at $3.676 million as compared to the $3.054 million for the same period in 2003, increasing $622,000 or 20.4%. The Company’s net interest margin increased to 4.48% as compared to the reported 3.94% during the comparable period in 2003.

Pointe Financial’s total consolidated assets at March 31, 2004 were $373.9 million, as compared to $348.7 million at December 31, 2003, an increase of $25.2 million, or 7.2%. The Company’s total loans outstanding increased to $257.1 million, an increase of $3.7 million, or 1.4%, from $253.4 million reported at December 31, 2003. The Company’s investments in securities ended the quarter at $68.5 million as compared to $69.3 million at December 31, 2003, a decrease of $812,000, or 1.2%. The Company’s total deposits ended the quarter at $286.8 million as compared to $263.9 million reported at December 31, 2003, an increase of $22.9 million, or 8.7%. The majority of the increase in deposits continues to be in the lower costing interest-bearing transaction accounts, increasing by more than $16.4 million from December 31, 2003. During the quarter, the Company’s average earning assets grew by $13.1 million as compared to the $5.4 million increase in average costing liabilities. The Company’s stockholders equity at March 31, 2004 was $36.0 million, equating to a book value of $15.93 per share.

Pointe Financial Corporation’s subsidiary, Pointe Bank, operates nine full service commercial banking offices located in Palm Beach, Broward and Miami-Dade Counties.

This document contains certain forward-looking statements relating to present or future trends or factors affecting the banking industry and specifically the operations, markets and products of the Company. Actual results could differ materially from those projected and may be affected by changing events and trends that have influenced the Company’s assumptions, but that are beyond the control of the Company. These trends and events include changes in the interest rate environment, expected cost savings, anticipated growth in the Company’s newly established or augmented sources of noninterest income, changes in the domestic and foreign business environments and securities markets and changes in the regulatory authorities and polices affecting the Company. Additional information on other factors that could affect the financial results of the Company is included in the Company’s filings with the Securities and Exchange Commission.

For further information contact: R. Carl Palmer, Jr., Chairman, President and Chief Executive Officer, or Bradley R. Meredith, Chief Financial Officer, of Pointe Financial Corporation, phone: (561) 368-6300.

POINTE FINANCIAL CORPORATION

RESULTS FOR 1ST QUARTER 2004

SELECTED FINANCIAL DATA (DOLLARS IN THOUSANDS,EXCEPT PER SHARE AMOUNTS)

	MAR 31 2004		DEC 31 2003		MAR 31 2003			% CHANGE MAR 31 2004-2003		% CHANGE DEC 31/2003 MAR 31/2004
	(unaudited)		(audited)		(unaudited)			% CHANGE MAR 31 2004-2003		% CHANGE DEC 31/2003 MAR 31/2004
STATEMENT OF CONDITION - SUMMARY

TOTAL ASSETS		373,890		348,714		332,783		12.4	%	7.2	%
LOANS, NET OF ALLOWANCE		257,089		253,415		216,247		18.9	%	1.5	%
ALLOWANCE FOR LOAN LOSSES		3,550		3,441		3,371		5.3	%	3.2	%
OTHER INTEREST BEARING ASSETS		27,066		602		17,397		55.6	%	4396.0	%
SECURITIES		68,532		69,344		75,727		-9.5	%	-1.2	%
DEPOSITS		286,766		263,866		248,961		15.2	%	8.7	%
TIME DEPOSITS		77,298		75,535		88,624		-12.8	%	2.3	%
OTHER BORROWINGS		46,971		45,925		45,345		3.6	%	2.3	%
STOCKHOLDERS' EQUITY		36,006		34,917		33,248		8.3	%	3.1	%
BOOK VALUE PER SHARE	$	15.93	$	15.50	$	14.92		6.8	%	2.8	%
TANGIBLE BOOK VALUE PER SHARE	$	14.64	$	14.18	$	13.51		8.4	%	3.2	%

AVERAGE BALANCES

Loans		256,177		233,521		215,547
Securities		67,794		69,582		68,845
Other Earning Assets		4,577		12,314		25,484
Total Assets		348,878		333,636		326,627

Demand Deposits		66,569		58,681		51,121
Savings and NOW Deposits		33,716		27,616		25,116
Money Market Deposits		84,408		79,711		77,828
Time Deposits		73,942		82,100		88,393
Other Borrowings		50,393		47,628		47,897
Non-interest bearing Liabilities		4,498		4,292		3,542
StockHolders' Equity		35,352		33,608		32,730

	THREE MONTHS ENDED
	MAR 31 2004		MAR 31 2003		% CHANGE 04 TO 03
EARNINGS SUMMARY

NET INTEREST INCOME		3,676		3,054		20.4	%
PROVISION FOR LOAN LOSS		100		(100)		-200.0	%
NON INTEREST INCOME		1,005		733		37.1	%
NON INTEREST EXPENSE		3,330		3,230		3.1	%
EXTRAORDINARY ITEM		0		0		0.0	%
NET INCOME		863		461		87.2	%

AVERAGE SHARES OUTSTANDING		2,258,786		2,196,227		2.9	%
AVERAGE DILUTED SHARES OUTSTANDING		2,359,725		2,239,684		5.4	%
BASIC EARNINGS PER SHARE	$	0.38	$	0.21		81.0	%
DILUTED EARNINGS PER SHARE	$	0.37	$	0.21		76.19	%

					THREE MONTHS ENDED MAR 31
					2004			2003
SELECTED RATIO'S

NET INCOME TO:
AVERAGE ASSETS						0.99	%	0.56	%
AVERAGE EQUITY						9.76	%	5.63	%
NET INTEREST INCOME TO AVERAGE INTEREST EARNING ASSETS						4.48	%	3.94	%
INTEREST RATE SPREAD						4.07	%	3.45	%
NON INTEREST INCOME TO AVERAGE ASSETS						1.15	%	0.90	%
NON INTEREST EXPENSE TO AVERAGE ASSETS						3.82	%	3.96	%

RATIO OF AVERAGE INTEREST-EARNING ASSETS TO AVERAGE INTEREST- BEARING LIABILITIES						1.36		1.30

NONPERFORMING LOANS AND REO TO TOTAL ASSETS AT END OF PERIOD						0.22	%	0.07	%
RESERVES AS A PERCENTAGE OF NONPERFORMING LOANS AND REO						425.66	%	1459.74	%
LOAN LOSS RESERVE RATIO						1.36	%	1.54	%
TIER I CAPITAL TO TOTAL ASSETS – LEVERAGE RATIO						9.63	%	9.99	%

POINTE FINANCIAL CORP 8-K