Capital Bank Financial Corp. Hires Zahid Afzal As Chief Technology And Operations Executive

CORAL GABLES, Fla., Nov. 8, 2013 (GLOBE NEWSWIRE) -- Capital Bank Financial Corp. (Nasdaq:CBF) today announced that Zahid Afzal has been hired as the Company's Chief Technology and Operations Executive. Mr. Afzal joins Capital Bank after more than 27 years with leading global and regional financial services and technology companies.

Most recently, he was Senior Executive Vice President and Chief Information Officer for Huntington Bank, where his responsibilities included information technology, business operations, electronic channels, M&A integration and change management. Prior to this position, he served Bank of America as Senior Vice President and CIO of the Consumer and Small Business Banking segment. Previously Mr. Afzal held various leadership positions with Citicorp, Broadslate Networks, an internet access and data communications provider, and MCI Communications. Among other technology industry recognition and awards, Mr. Afzal has been included in ComputerWorld's Top 100 CIOs and in CIO.com's CIO 100.

Gene Taylor, Chairman & CEO of Capital Bank Financial Corp., commented, "We are very pleased to announce that Zahid Afzal has joined our team at Capital Bank. With his deep experience and strong leadership skills, Zahid will help us grow organically, improve efficiency, and operate safely and soundly."

About Capital Bank Financial Corp.

Capital Bank Financial Corp. is a national bank holding company, formed in 2009 to create a premier regional banking franchise in the southeastern United States. CBF is the parent of Capital Bank N.A., a national banking association with approximately $6.6 billion in total assets as of September 30, 2013 and 163 full-service banking offices throughout Florida, North Carolina, South Carolina, Tennessee and Virginia. To learn more about Capital Bank, N.A., please visit www.capitalbank-us.com .
CONTACT: Kenneth A. Posner         Chief of Investment Analytics and Investor Relations Executive         Phone: (212) 399-4020         E-mail: kposner@cbfcorp.com

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