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Capital Bank Names Christopher "Chris" McDougal Consumer Market Executive For East Tennessee

CORAL GABLES, Fla., June 19, 2013 (GLOBE NEWSWIRE) -- Capital Bank today announced that Christopher "Chris" McDougal has been named Capital Bank's Consumer Market Executive for East Tennessee. Mr. McDougal joined the Bank having been a successful banking executive for over nine years in positions of increasing responsibility with Bank of America. His most recent position at Bank of America was Vice President, Consumer Market Manager in Middle Tennessee.

Ken Kavanagh, Consumer Bank and Private Wealth Management Executive of Capital Bank, commented, "We are fortunate to have someone with Chris' experience join the Capital Bank team. He 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."

McDougal is a veteran of the U.S. Army where he held the honor of serving as a Guard at the Tomb of the Unknown Soldier. "I look forward to putting into action the skills I have attained in both business and the military here at Capital Bank," commented Mr. McDougal. "With the region's diversified and growing economy, I look forward to working with all of my teammates in my new role as we continue to grow our bank throughout Eastern Tennessee and the Southeastern U.S."

McDougal is a resident of Mooresburg and will be based in the Rogersville office.

About Capital Bank

Capital Bank, N.A. was formed in July 2010 as the banking subsidiary of Capital Bank Financial Corp., a bank holding company incorporated in 2009 with the goal of creating a regional banking franchise in the Southeastern United States. With approximately $7.1 billion in total assets as of March 31, 2012, and more than 1,600 employees, Capital Bank offers a broad range of financial services and operates 164 branches in Florida, North Carolina, South Carolina, Tennessee and Virginia. More information on Capital Bank is available at www.capitalbank-us.com.

CONTACT: Susi Winchell
         Marketing Director, VP
         Capital Bank
         239.449.5850
         www.capitalbank-us.com

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