GLEN ALLEN, Va., Oct. 21 /PRNewswire-FirstCall/ -- First Capital Bancorp, Inc. (Nasdaq: FCVA) announced today the addition of John Presley to its Management Team. Presley has been named Managing Director and CEO of the $400 Million bank holding company headquartered in Glen Allen. First Capital Bank's long time President and CEO, Bob Watts, will remain at the helm of the wholly-owned bank subsidiary.

Bob Watts commented, 'The last seven years I have spent leading First Capital have been my most rewarding years in banking. Adding John at this point in time could not be a better fit. Together we are excited about what we can make possible in Central Virginia for our customers and shareholders.'

Watts added, 'As First Market Bank's founding President and CEO, John is no stranger to the Richmond banking community and we will also benefit from his broadened experience outside of Richmond. In addition, adding John to our team facilitates my ability to truly focus on better positioning my passion, First Capital Bank, to thrive when markets turn positive again.'

Grant Grayson, Chairman of the Board, commented, 'Bob and John share a long-standing commitment to banking in Richmond and have a shared vision of what is possible for First Capital moving forward. We couldn't be more pleased to have them as partners leading us into our next chapter.'

Grayson further stated, 'These are some of the most unique and challenging times that banking has seen and we are pleased to be adding someone of John's considerable financial and strategic expertise to our team. His experience in the big-bank sector during his time away from Virginia will be invaluable in ensuring First Capital's ongoing position of strength in today's markets.'

Presley originally left Richmond in 2003 when he was tapped to return to Memphis to serve as CFO for National Commerce Bancorp. During his time there he managed the holding company's sale to SunTrust in 2004 and subsequently managed the National Commerce merger-integration team. Presley then joined Marshall & Ilsley Bank in Wisconsin to serve as CFO of both the holding company and the bank. Most recently, he has been with Fifth Third Bank in Ohio in charge of their strategic initiatives and mergers and acquisitions.

Founded in 1998, First Capital Bancorp, Inc. has approximately $400 million and assets and its wholly-owned subsidiary First Capital Bank operates seven full-service branches throughout the greater Richmond metropolitan area.

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SOURCE First Capital Bancorp, Inc.