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Capital Bank hopes to expand

Fri, 04 Dec 2009 09:46:00 GMT

Dec. 4--Capital Bank, which hopes to raise up to $55 million by selling new stock, wants to use some of the money to expand beyond North Carolina for the first time.
But Tony Plath, a finance professor at UNC Charlotte, cautions that it's not a slam dunk for any publicly traded bank to sell new shares in the current environment.
Capital Bank indicated in regulatory filings that it is interested in making acquisitions in South Carolina, Virginia and eastern Tennessee, in addition to North Carolina.

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Police: Bank heists suspect same man

Wed, 25 Nov 2009 23:45:00 GMT

Nov. 25--DURHAM -- Durham investigators said Wednesday that they believe the same man robbed a bank in Durham and one in Burlington on Tuesday and are investigating the possibility that he may have robbed three banks in the Triad in late October and earlier this month.
"We believe the same man robbed the banks in Durham and Burlington yesterday -- he was wearing the same clothing in both robberies," said Durham police spokeswoman Kammie Michael said Wednesday.
Police said a man entered a Durham branch of SunTrust on North Gregson Street across from Northgate Mall about 11:30 a.m. and handed a teller a note demanding money.

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Capital Bank sponsors UNCTAD's Empretec Director's Meeting

Wed, 04 Nov 2009 07:48:00 GMT

In line with its aims of catering to various economic sectors within the domestic market, and as part of its interest in supporting and encouraging pioneering entrepreneurs of small and medium enterprises (SME), Capital Bank sponsored the Empretec Director's Meeting organized by the United Nations Conference on Trade and Development's (UNCTAD), which is the first meeting of its kind in both Jordan and the Middle East.
The bank's capital ratio exceeds the Basel Committee's and the Central Bank of Jordan's requirements and its operational efficiency is considered to be one of the best in the market.
Distinctly characterized by its financial stability, Capital Bank achieved the highest level of growth in deposits, which grew by 27% during the first half of the current year, reaching JD632m.

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Capital Bank Offers Its Clients Free Subscription in the Roadside Assistance Service

Sat, 24 Oct 2009 11:47:00 GMT

Capital Bank announced the signing of an agreement with the Emirates Jordan Roadside Assistance Company with the aim of providing the Bank's clients with free subscription to the company's Platinum Program.
By virtue of this agreement, Capital Bank's clients will be able to enjoy various benefits free of charge when they subscribe to the Platinum Program that the Bank offers for free.
About Capital BankCapital Bank has been steadily expanding its operations since its inception in 1995, positioning itself today as the third largest bank in the Kingdom in terms of authorized capital, which amounts to JOD132.8m / shares.

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Capital Bank Trims Board

Thu, 08 Oct 2009 21:45:00 GMT

Oct. 8--RALEIGH -- Two Sanford residents resigned Monday from Capital Bank's board of directors as part of a bigger action that saw the company down size its board from 17 to 10 members in the face of declining profits.
Oscar Keller Jr. and L.I. "Poly" Cohen, both founding directors of the bank, announced their resignations Monday.
Keller's resignation will become effective in December.

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Capital Bank Shrinks Its Board: You Are Using an Outdated Browser

Wed, 07 Oct 2009 09:46:00 GMT

Oct. 7--Capital Bank has cut the size of its board to reduce costs and improve its management.
Capital Bank made the move after hiring an outside consultant to assess the composition and size of its board.
Capital Bank was started by investors mostly in Sanford, and it bought Burlington banks as it expanded.

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Marriott Coming to Town Center: Hotel Could Open in a Year

Sat, 05 Sep 2009 21:02:00 GMT

Sep. 5--RALEIGH -- Two Raleigh real estate firms announced Friday that they will break ground this month on a Courtyard by Marriott at Triangle Town Center mall.
The $15 million joint venture is one of the few Triangle hotel projects to move forward at a time when credit remains tight and business and leisure travel sluggish.
Officials with MJM Real Estate Group and the Davidson and Jones Group say the location and the Marriott brand convinced them that the timing was right.

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His Excellency Samih Darwazah Chairman of the New Board at Capital Bank

Tue, 01 Sep 2009 08:05:00 GMT

The management of Capital Bank announced that a new Board of Directors for the Bank was elected during the General Assembly meeting that was held on the 31st of August 2009; whereby His Excellency Samih Darwazah was elected as the Chairman of the Board and Mr. Khaleefa Butti Omair Bin Yousif was elected as Deputy Chairman.
Commenting on this news Mr. Haytham Kamhiyah, Capital Bank's General Manager, said:
"The Board's Chairman and members were elected because of our belief in their extensive professional history; vast knowledge and experience that will help elevate Capital Bank's operations.

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Bank Eyes Sanford for Regional HQ

Sat, 01 Aug 2009 11:49:00 GMT

Aug. 1--SANFORD -- Capital Bank announced Friday it plans to break ground on a new regional headquarters in Sanford by the end of the year.
Capital Bank CEO Grant Yarber said the new three-story building will allow the company to add several high-paying financial sector jobs to the local economy, though an exact figure has yet to be disclosed.
Once Capital breaks ground for the new building, construction will take roughly nine months, Yarber estimated, putting a completion date some time in the last half of 2010.

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Capital Bank Posts Profit, Will Consolidate Branches

Wed, 22 Jul 2009 09:46:00 GMT

Jul. 22--Capital Bank posted a $1.3 million profit in the second quarter, down 39 percent from a year ago.
Still, the earnings announced Tuesday marked a return to profitability after the Raleigh bank lost money in the first quarter.
The bank also disclosed plans to close two branches in Alamance County.

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Capital Bank Corporation Declares Cash Dividend on Common Stock

Fri, 20 Nov 2009 17:46:00 GMT

RALEIGH, N.C., Nov. 20, 2009 (GLOBE NEWSWIRE) -- Capital Bank Corporation (Nasdaq:CBKN) announced that its Board of Directors approved on Thursday, November 19, 2009, a quarterly cash dividend on its common stock of $.08 per share.
Capital Bank Corporation, headquartered in Raleigh, N.C., with approximately $1.7 billion in total assets, offers a broad range of financial services.
The Company's website is http://www.capitalbank-nc.com.

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Provident New York Bancorp Announces Fiscal 2009 Earnings of $0.67 Per Diluted Share, an Increase of 10%

Fri, 23 Oct 2009 23:48:00 GMT

Provident New York Bancorp (NASDAQ-Global Select Market: PBNY), the parent company of Provident Bank, today announced fourth-quarter results for the fiscal year ending Sept. 30, 2009.
Net income for the quarter was $5.1 million, or $0.13 per diluted share, compared to net income of $6.5 million, or $0.17 per diluted share for the fourth quarter of fiscal 2008.
Net income for the twelve months ended September 30, 2009 was $25.9 million, or $0.67 per diluted share, compared to $23.8 million, or $0.61 per diluted share for the same period in 2008.

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Capital Bank Reports 255% Growth in Deposits & 199% Growth in Loans

Thu, 22 Oct 2009 19:49:00 GMT

Capital Bank (OTCBB:CBJC) today announced results of operations for the third quarter of 2009 marked by exceptionally strong deposit and loan growth.
While the Bank reported a year to date net loss $1,506,000, the Bank continues to be on plan from a bottom line perspective since opening for business eighteen months ago on March 26, 2008.
J.M. "Mike" Justice Jr., President & Chief Executive Officer stated, "We continue to be pleased with our success in executing our business plan to date.

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Third Quarter Earnings Conference Call Announced By Capital Bank Corporation

Thu, 08 Oct 2009 21:45:00 GMT

RALEIGH, N.C., Oct. 8, 2009 (GLOBE NEWSWIRE) -- Capital Bank Corporation (Nasdaq:CBKN) will host a conference call on Wednesday, October 21, 2009 beginning at 11:00 a.m. Eastern Daylight Time.
The Company plans to release financial results for the quarter ended September 30, 2009 on Tuesday, October 20, 2009.
For those without access to the Internet, the conference call can be accessed by calling 1-800-895-0198, meeting ID: CBKN.

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F. Warren Wayland, C.P.A., Joins 1st Capital Bank's Board of Directors

Fri, 02 Oct 2009 13:47:00 GMT

MONTEREY, Calif., Oct. 2, 2009 (GLOBE NEWSWIRE) -- 1st Capital Bank (OTCBB:FISB) President and CEO, C. Frederick Rowden, has announced the appointment of Warren Wayland, C.P.A., to the 1st Capital Bank Board of Directors.
In 1977, Warren co-founded the firm Hayashi & Wayland and is currently the Managing Partner.
Warren is a member of the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants.

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Capital Bank Corporation Declares Cash Dividend On Common Stock

Fri, 25 Sep 2009 15:47:00 GMT

RALEIGH, N.C., Sept. 25, 2009 (GLOBE NEWSWIRE) -- Capital Bank Corporation (Nasdaq:CBKN) announced that its Board of Directors approved on Thursday, September 24, 2009, a quarterly cash dividend on its common stock of $.08 per share.
The dividend will be paid on or after October 26, 2009 to shareholders of record as of October 12, 2009.
The Company's website is http://www.capitalbank-nc.com.

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HopFed Bancorp, Inc. Reports Second Quarter Results

Tue, 28 Jul 2009 23:48:00 GMT

HOPKINSVILLE, Ky., July 28 /PRNewswire-FirstCall/ -- HopFed Bancorp, Inc. (the "Company") today reported results for the three and six month periods ended June 30, 2009.
For the three and six month periods ended June 30, 2009, the Company's results of operations includes preferred dividend and warrant accretion of $257,000 and $511,000, respectively related to the Company's $18.4 million issuance of preferred stock to the United States Treasury on December 12, 2008.
Commenting on the first half and second quarter results, John E. Peck, president and chief executive officer, said, "The Company continues to experience a modest level of net interest margin expansion.

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Capital Bank Announces Profitable Second Quarter

Tue, 21 Jul 2009 17:48:00 GMT

RALEIGH, N.C., July 21 /PRNewswire-FirstCall/ -- Capital Bank Corporation , the parent company of Capital Bank, today reported net income of $1.3 million for the quarter ended June 30, 2009 compared to net income of $2.2 million for the quarter ended June 30, 2008.
The second quarter results reflect improved net interest income and increased noninterest income which partially offset a higher provision for loan losses and increased noninterest expense.
"Capital Bank management continues to focus on asset quality and margin management.

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Capital Bank and Pretty In Pink Capture Attention of NBC's TODAY Show ; Community Bank Shares Message of Supporting Underinsured Breast Cancer Patients

Thu, 16 Jul 2009 15:45:00 GMT

A producer, NBC News' correspondent Anne Thompson and crew from the TODAY Show visited Raleigh earlier this month to highlight Pretty In Pink, a foundation providing treatment, education and support for uninsured and underinsured women with breast cancer, and Capital Bank's support of the organization.
Thompson, a breast cancer survivor herself, interviewed Yarber for the segment.
Unlike organizations that fund cancer research, Pretty In Pink provides funding for critical treatment for underinsured women."

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Capital Bank and Pretty In Pink Capture Attention of NBC's TODAY Show

Thu, 16 Jul 2009 14:48:00 GMT

A producer, NBC News' correspondent Anne Thompson and crew from the TODAY Show visited Raleigh earlier this month to highlight Pretty In Pink, a foundation providing treatment, education and support for uninsured and underinsured women with breast cancer, and Capital Bank's support of the organization.
Thompson, a breast cancer survivor herself, interviewed Yarber for the segment.
Unlike organizations that fund cancer research, Pretty In Pink provides funding for critical treatment for underinsured women."

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