Capital Bank News

Private-equity fund Patriot Capital Partners, which invests in underperforming banks, has agreed to purchase 9.9 percent of the common stock of Capital Bank Corp.

Raleigh-based Capital Bank has signed a letter of intent to sell up to $55 million of its common stock in a private placement with Patriot Financial Partners , L.P., a Philadelphia private equity group that formed in early 2009 to invest in community banks.

Treasury Secretary Tim Geithner notified Congress on Wednesday that he is extending the Troubled Asset Relief Program through Oct.

Capital Bank has received the go-ahead from shareholders to sell $55 million worth of new stock.

Raleigh-based Capital Investment Cos. has signed an agreement with KS Bank in Smithfield to provide the bank's customers with brokerage, money management, insurance and estate planning services.

Capital Bank will provide financing to the Town of Holly Springs for the development of the W.E. Hunt Community Center.

Several small-cap stocks were poised to move on above-average volume during Friday's session.

Capital Bank Corporation , the parent company of Capital Bank, today announced its intention to commence a public offering of approximately $55 million of its common stock, which will be underwritten by Sandler O'Neill + Partners, L.P. as book-running manager and Howe Barnes Hoefer & Arnett as co-manager. The underwriters will have a 30-day option ...

Photo courtesy of the artist. Capital Bank recently purchased paintings by Holly Springs artist Willie Green-Aldridge to display in their newly opened Holly Springs branch.

Airport and sponsored by Capital Bank. It is a free event on Saturday, Oct. 10 from 9 a.m. until 6 p.m. Activities include the Experimental Aircraft Associationa s Young Eagles free plane rides for children between the ages of eight and 17, hot air balloon rides, paratrooper jumps throughout the day, with historic and experimental aircraft, medical ...

In the traditionally male-dominated world of banking, women are climbing to the upper reaches in the Triangle.

Capital Bank has cut the size of its board to reduce costs and eventually bring in some new voices.

Blair B. Kennedy was named vice president and marketing officer at Capital Bank in Raleigh.

Capital Bank Chairman O.A. "Buddy" Keller III, left, and CEO Grant Yarber are about to bet big with the expansion plans.

The corporate parent of Raleigh-based Capital Bank posted a $1.3 million profit in the second quarter, down 39 percent from a year ago.

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Capital Bank President and CEO B. Grant Yarber will appear in an upcoming segment on the TODAY Show scheduled to air Monday, July 20.

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.