MONTEREY, Calif., Nov. 14 /PRNewswire-FirstCall/ -- 1st Capital Bank (OTC:FISB) (BULLETIN BOARD: FISB) announced today that it will participate in the Excess Deposit Insurance and Debt Guarantee programs sponsored by the FDIC and that it will not participate in the U.S. Treasury Department TARP capital purchase program. C.E.O. Fred Rowden said, "1st Capital Bank is well capitalized, with capital levels well in excess of the regulatory required amount of capital for the Bank to be considered well capitalized. While participation in the capital purchase program is entirely voluntary, there are restrictions and costs associated with that participation. Based on evaluation of its capital position and strategic objectives, management of 1st Capital Bank currently believes that its level of capital is adequate to pursue implementation of its business plan and anticipates continued efforts to achieve its stated goals of providing quality service to its customers and a reasonable return to its shareholders without resorting to government capital assistance." The experienced bankers at 1st Capital Bank provide traditional deposit, lending, mortgage and commercial products and services to business and retail customers throughout the Monterey County communities served by the Bank. 1st Capital Bank currently operates three full service branch offices; the Estrada Adobe at 470 Tyler Street, Monterey, a recently expanded location at 1097 South Main Street, Salinas and the newly opened King City Branch at 432 Broadway Street. Information regarding the Bank may be obtained from the Bank's website at http://www.1stcapitalbank.com/. Copies of the Bank's press releases are available on the website. Forward Looking Statements In addition to the historical information contained herein, this press release may contain certain forward-looking statements. The reader of this press release should understand that all such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that might cause such a difference include, among other matters, changes in interest rates, economic conditions including inflation and real estate values in California and the Bank's market areas, governmental regulation and legislation, credit quality, and competition affecting the Bank's businesses generally; the risk of natural disasters and future catastrophic events including terrorist related incidents, and other factors beyond the Bank's control. The Bank does not undertake any obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or otherwise, except as required by law. DATASOURCE: 1st Capital Bank CONTACT: Jayme Fields, CFO of 1st Capital Bank, +1-831-264-4011 Web site: http://www.1stcapitalbank.com/

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