Capital Bank Corporation Announces Stock Repurchase Program

Apr 20, 2001, 01:00 ET from Capital Bank

    RALEIGH, N.C., April 20 /PRNewswire Interactive News Release/ --
     Capital Bank Corporation (Nasdaq:   CBKN) announced today that its Board of
 Directors has authorized the repurchase of up to 100,000 shares of the
 Company's common stock.
     Under the terms of the program, management will be authorized to purchase
 up to 100,000 shares of Capital Bank Corporation common stock before April 19,
 2002.  The Company plans to purchase shares from time to time through open
 market and privately negotiated transactions at prices deemed appropriate by
 management.  James A Beck, President and Chief Executive Officer, stated "We
 are pleased that our strong financial performance has put us in position to
 initiate a buyback program at this time.  The repurchase of the Company's
 stock reflects management's desire to enhance long-term shareholder value."
     Capital Bank Corporation, headquartered in Raleigh, North Carolina, has
 over $363 million in assets and offers a broad range of financial services
 through its two subsidiaries, Capital Bank and Capital Bank Investment
 Services, Inc.  Capital Bank operates fourteen banking offices in Raleigh (3),
 Sanford (3), Cary (2), Oxford (2), Seaboard, Siler City, Warrenton and
 Woodland, North Carolina.  Capital Bank Investment Services, Inc. provides
 investment advisory and brokerage services.  The Company's website is
 www.capitalbank-nc.com.
 
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SOURCE Capital Bank
    RALEIGH, N.C., April 20 /PRNewswire Interactive News Release/ --
     Capital Bank Corporation (Nasdaq:   CBKN) announced today that its Board of
 Directors has authorized the repurchase of up to 100,000 shares of the
 Company's common stock.
     Under the terms of the program, management will be authorized to purchase
 up to 100,000 shares of Capital Bank Corporation common stock before April 19,
 2002.  The Company plans to purchase shares from time to time through open
 market and privately negotiated transactions at prices deemed appropriate by
 management.  James A Beck, President and Chief Executive Officer, stated "We
 are pleased that our strong financial performance has put us in position to
 initiate a buyback program at this time.  The repurchase of the Company's
 stock reflects management's desire to enhance long-term shareholder value."
     Capital Bank Corporation, headquartered in Raleigh, North Carolina, has
 over $363 million in assets and offers a broad range of financial services
 through its two subsidiaries, Capital Bank and Capital Bank Investment
 Services, Inc.  Capital Bank operates fourteen banking offices in Raleigh (3),
 Sanford (3), Cary (2), Oxford (2), Seaboard, Siler City, Warrenton and
 Woodland, North Carolina.  Capital Bank Investment Services, Inc. provides
 investment advisory and brokerage services.  The Company's website is
 www.capitalbank-nc.com.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X57428061
 
 SOURCE  Capital Bank