Capital Bank Corporation announced pursuant to Section 55-10-06 of the North Carolina Business Corporation Act, the articles of incorporation of the company amended by deleting section (a) of Article 4 in its entirety and substituting in lieu thereof Article 4 section (a) as the company shall have authority to issue fifty million shares of common stock with no par value per share. The foregoing amendment was approved and adopted on October 20, 2009 by the company's Board of Directors and on December 4, 2009 by the corporation's shareholders in the manner prescribed by Chapter 55 of the North Carolina General Statutes and the corporation's articles of incorporation.

Capital Bank Corporation, Special/Extraordinary Shareholders Meeting, Dec 04, 2009, at 10:00 US Eastern Time. Location: Capital Bank Plaza, Third Floor Conference Center, 333 Fayetteville Street, Raleigh, NC 27601, United States. Agenda: To approve an amendment to the company's Articles of Incorporation to increase the authorized shares of common stock of the company to fifty million shares from twenty million shares; and to transact such other business as may properly come before the special meeting or any adjournments or postponements of the meeting.

Capital Bank Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company has posted net income available to common shareholders was $3.0 million, or $0.26 per diluted share compared with $2.0 million, or $0.18 per diluted share, for the same period one year ago. The third quarter results reflect further improvement in net interest margin coupled with recognized tax benefits. Net interest income was $13.55 million compared to $10.82 million for the same period a year ago. Net income before tax expenses was $1.4 million compared to $2.8 million for the same period a year ago. Total interest income was $21.85 million compared to $20.93 million for the same period a year ago. Book value per common share was $9.58 compared to $14.83 for the same period a year ago. For the nine months, the company has posted net loss available to common shareholders was $1.3 million, or $0.12 per diluted share compared net income available to common shareholders of $6.3 million, or $0.57 per diluted share, for the same period one year ago. Net interest income was $35.9 million compared to $32.6 million for the same period a year ago. Net loss before tax expenses was $2.1 million compared to net income before tax expenses was $8.8 million for the same period a year ago. Total interest income was $62.2 million compared to $64.9 million for the same period a year ago.