CONTACT:
B. Grant Yarber
President and Chief Executive Officer            
Phone: (919) 645-3494
Email: gyarber@capitabank-nc.com

Capital Bank Appoints David Therit Chief Accounting Officer

Public accounting veteran moves to the banking side

Raleigh, N.C. - June 16, 2008 - Capital Bank Corporation (Nasdaq: CBKN), the parent company of Capital Bank, today announced that David Therit has been named Chief Accounting Officer. Therit has spent most of his extensive career on the public accounting side of the financial industry, most recently with Deloitte & Touche LLP. He is a member of the American Institute of Certified Public Accountants and the North Carolina Association of Certified Public Accountants.

Therit officially joins Capital Bank today and will report to Chief Financial Officer Michael Moore. Prior to his manager position at Deloitte & Touche, Therit progressed through several positions at KPMG. He is a graduate of Bob Jones University in South Carolina and has taught English to Chinese English teachers at Hebei Normal University in China. He also served as an intern on the Senate Foreign Relations Committee in Washington D.C. while in college.

“We are pleased to have someone of David's caliber with his extensive knowledge of the profession gained through his years in public accounting,” said Moore. “He is a strong addition to our team and we are pleased to have him join Capital Bank at this time.”