Capital Bank News

The corporate parent of Mechanics & Farmers Bank has obtained $11.7 million in new capital from the U.S. Treasury Department to bolster its ability to make loans.

Former North Carolina state auditor Les Merritt and a partner have launched a Web-based hot line for citizens to report allegations of public corruption.

Capital Bank Corporation announced that its Board of Directors approved on Thursday, June 25, 2009, a quarterly cash dividend on its common stock of $.08 per share.

WILMINGTON As an alternative to a federal directive that it find investors and/or a buyer, Wilmington's Cooperative Bank is offering to sell off pieces of its 25-branch office network a footprint that stretches from Kill Devil Hills to Myrtle Beach.

Grant Yarber, a buttoned-down banker, spends his days talking numbers. Tonight, he has to entertain fidgety young girls.

RALEIGH Local banks, facing what some lenders call "deteriorating" economic conditions especially in real estate have been setting aside cash in anticipation of more bad loans on the horizon.

The failure of Georgia's Silverton Bank will have wide-reaching implications for banks across the country including those in the Triangle.

Much of Obama's work has focused on rebooting the economy. One part of that effort involved the Troubled Asset Relief Program, or TARP, intended to help banks.

Capital Bank Corporation today announced that the date for its first quarter 2009 earnings conference call has been changed to Friday, April 24, 2009 beginning at 11:00 a.m. Eastern Daylight Time.

Capital Bank Corporation will host a conference call on Wednesday, April 22, 2009 beginning at 11:00 a.m. Eastern Daylight Time.

Capital Bank CEO Grant Yarber says that the $65 million goodwill impairment charge doesn't affect his company solid financial foundation.

RALEIGH When Capital Bank 's board members realized how the meltdown of a Connecticut hedge fund was slamming the already depressed stock price of the Raleigh bank, they decided it was time to act.

As the government's authority in the banking industry continues to grow, the hottest debate is over how banks are spending federal funds.

Capital Bank Corporation the parent company of Capital Bank, today reported net income for the year ended December 31, 2008 of $6.3 million compared to $7.9 million for the year ended December 31, 2007.

Community lender Capital Bank swung to a small loss in the fourth quarter as higher expenses and competitive pressures took a toll on earnings.

European vacations are not mentioned at holiday cocktail parties. Purchases of luxury automobiles and vacation lodges have been put off.

Capital Bank Corporation announced that its Board of Directors approved on Thursday, December 18, 2008, a quarterly cash dividend on its common stock of $.08 per share.