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Tammy Teston Joins Capital Bank As Florida Consumer Market Executive

CORAL GABLES, Fla., April 6, 2012 /PRNewswire/ --  Capital Bank (Nasdaq: CBKN) announced today that Tammy Teston has joined the company as the Florida Consumer Market Executive.  Teston succeeds Ken Kavanagh who was promoted to Consumer Executive and now leads the bank's 143 branches in Florida, North Carolina, South Carolina, Tennessee, and Virginia, as well as Business Banking, Residential Mortgage, Investments, and Private Bank.

Prior to joining Capital Bank, Teston oversaw the Department of Financial Services and served as Chief of Staff to the former Chief Financial Officer for the state of Florida, Alex Sink.  Teston spent over 20 years as a financial professional at Bank of America before entering the public sector, where she held a variety of executive roles to include leading branches and investments in Florida.

"We are fortunate to have someone with Tammy's experience join the Capital Bank team," said Kavanagh.  "Tammy has a proven record of building great teams focused on delivering excellent customer service and creating value for shareholders, which is directly aligned with our mission to operate a high-performing regional bank in the southeast United States."

Teston is a graduate of the University of Florida where she received her Bachelor of Science degree in Business Administration. She received her Master of Business Administration from Georgia State University.  Teston currently resides in Miami and will be based in Capital Bank's Coral Gables Florida headquarters.

About Capital Bank

Capital Bank, N.A. was formed in July 2010 as the banking subsidiary of Capital Bank Financial Corp. (formerly North American Financial Holdings, Inc.), a bank holding company incorporated in 2009 with the goal of creating a regional banking franchise in the Southeastern United States. With approximately $7 billion in total assets and more than 1,500 employees, Capital Bank offers a broad range of financial services and operates 143 branches in Florida, North Carolina, South Carolina, Tennessee and Virginia. More information on Capital Bank is available at www.capitalbank-us.com.                                                                                                                                        

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