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First Capital Bancorp, Inc. Earns Sandler O'Neill's
2007 Sm-All Star Award for Financial Performance

GLEN ALLEN, VA - July 20, 2007

First Capital Bancorp, Inc. (Nasdaq: FCVA) announced today it has been recognized as one of the top performing small capitalization banks in the nation by the investment banking firm of Sandler O'Neill & Partners. Sandler O'Neill is a national investment banking and advisory firm specializing in financial institutions.

In its "2007 Bank & Thrift Sm-All Stars" report, Sandler O'Neill recognized the 24 best performing small capitalization institutions among the 610 publicly traded banks and thrifts in the U.S. with market capitalization of less than $2 Billion. Inclusion as a Sm-All Star is based on the company's performance in each of eight financial variables. The variables measure growth, profitability, asset quality and capital levels.

This marks the first year that First Capital Bancorp, Inc. has been awarded this honor bestowed upon only the top 4% of banks nationwide with capitalization of less than $2 Billion. First Capital Bancorp, Inc. President and CEO, Bob Watts, noted that "this recognition within the industry is a testament to the teamwork and hard work of our Directors and associates, the quality and loyalty of our clients, the patience and support of our shareholders and the overall stability and strength of the markets we serve."

First Capital Bancorp, Inc. is headquartered in Glen Allen, VA, and has one wholly-owned subsidiary, First Capital Bank. First Capital Bank operates six full service branches throughout the greater Richmond metropolitan area.

Contact:	Robert G. Watts, Jr., President & CEO (804) 273-1160
	William W. Ranson, SVP & CFO (804) 273-1160

For Immediate Release

Contact:
William W. Ranson
Chief Financial Officer, Treasurer
and Secretary
804-273-1160
wranson@1capitalbank.com

First Capital Bancorp, Inc.
Reports Earnings for the First Quarter of 2007

May 11, 2007, Glen Allen, Virginia. First Capital Bancorp, Inc. (the "Company")(OTC Bulletin Board symbol: FPBX) announced today earnings for the three months ended March 31, 2007 of $350,006 or $0.19 per share, compared to $375,593 or $0.21 per share for the same period in 2006. The decrease in net income was due to the additional cost associated with the growth of the Bank which includes the opening and staffing of two new branches, one in the third quarter of 2006, and one in the first quarter of 2007, coupled with the hiring in the first quarter of 2007 of a Private Client Group Leader and a Business Banking Group Leader, both of whom have established relationships in the Richmond market.

The Company's net interest income increased $291,951 or 16.5% to $2,064,238 for the three months ended March 31, 2007 over the three months ended March 31, 2006 net interest income of $1,772,287. This increase in net interest income is attributable to the growth of the loan portfolio from $165,817,459 at March 31, 2006 to $211,208,376 at March 31, 2007. Noninterest income increased $71,425, or 74.8% compared to the comparable period in 2006. This increase was due to growth in fees on deposits and fees on mortgage loans.

Noninterest expense increased $375,363 or 31.4% as compared to the same period in 2006. The majority of the increase is attributable to the expanded branch franchise and the key additions to the lending team. Consequently, the largest increases in noninterest expense occurred in salaries and employee benefits of $250,546 and occupancy costs of $32,722.

The Company's asset quality remained strong with no loans delinquent 30 days or more and one real estate secured nonaccrual loan of $120,000 at March 31, 2007. The ratio of loan loss reserve to net loans outstanding at March 31, 2007 remained unchanged from December 31, 2006 at 0.92%, down from 0.93% at March 31, 2006.

Stockholders' equity totaled $16,081,571 at March 31, 2007, which represented a book value of $8.95 per share. At March 31, 2007, the Company exceeded all regulatory capital requirements.

First Capital Bancorp, Inc. President and CEO, Bob Watts, noted "the past six months have represented the greatest investment in the future of this franchise, to date. The recent additions of the James Center Office, an experienced Private Client Group Leader, a well known in-market Business Banking Leader and an expanded mortgage operation will all serve to springboard our company to the next level of performance. As a team, we could not be more excited about the year ahead and attacking the industry challenges of compressed net interest margins and changing markets. We're well positioned to do both."

The Company currently operates branches in Innsbrook, Chesterfield Towne Center, near Willow Lawn on Staples Mill Road, in Ashland, in the Forest Office Park in Henrico County and at the James Center in downtown, Richmond, Virginia.

Readers are cautioned that this press release contains forward-looking statements made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on management's current knowledge, assumptions, and analyses, which it believes are appropriate in the circumstances regarding future events, and may address issues that involve significant risks including, but not limited to: changes in interest rates; changes in accounting principles, policies, or guidelines; significant changes in general economic, competitive, and business conditions; significant changes in or additions to laws and regulatory requirements; and significant changes in securities markets. Additionally, such aforementioned uncertainties, assumptions, and estimates, may cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements.

First Capital Bank... Where People Matter.

For Immediate Release:
January 31, 2007

First Capital Bancorp, Inc.
Reports 20% Increase in 2006 Earnings

First Capital Bancorp, Inc. (the "Company")(OTC Bulletin Board symbol: FPBX) announced today a 20% increase in the Company's earnings for the twelve months ended December 31, 2006, to $1,571,219 or $0.87 per share, compared to $1,306,327 or $0.73 per share for the same period in 2005. Earnings for the fourth quarter of 2006 increased 2% to $388,943 or $0.22 per share, compared to earnings of $381,583 or $0.21 per share for the same period in 2005. The addition of a new lending division and the expansion of existing lending divisions, coupled with a flat yield curve, a reliance on interest-sensitive funding sources, and competitive pricing pressures all contributed to the downward pressure on earnings and net interest margins during the fourth quarter.

First Capital Bancorp, Inc. is the holding company of and successor to First Capital Bank (the "Bank"). Effective September 8, 2006, the Company acquired all of the outstanding stock of the Bank in a statutory share exchange transaction, approved by the shareholders at the annual meeting in May 2006, whereby shares of the Company's common stock, par value $4.00 per share, were exchanged on a one-for-one basis.

The improvement in earnings is primarily attributable to the continued growth of the Company. Net loans increased $45.2 million, or 29.2%, from $154.6 million at December 31, 2005, to $199.8 million at December 31, 2006. Deposits increased $31.9 million, or 19.7%, from $162.4 million at December 31, 2005, to $194.3 million at December 31, 2006. Other borrowings increased by $13.9 million as the Company issued Trust Preferred Capital Notes totaling $5.2 million during the third quarter of 2006 and availed itself of less expensive borrowings from the Federal Home Loan Bank of Atlanta during the year.

Total assets increased 22.8% or $47.7 million from $209.5 million at December 31, 2005 to $257.2 million at December 31, 2006. Stockholders' equity totaled $15.7 million at December 31, 2006, which represents a book value of $8.72 per share.

The Company's net interest income increased $1,172,959 or 18.3% to $7,572,211 for the year ended December 31, 2006 over the year ended December 31, 2005 net interest income of $6,399,252. Noninterest income increased $192,678, or 70.8% compared to the comparable period in 2005. This increase was due to growth in fees on deposits and gain on sale of loans. Noninterest expense increased $967,119 or 22.5% as compared to 2005 as additional lending personnel and support personnel were added in the construction division, the mortgage origination division and the opening of the Forest Office Park branch in September 2006.

The Company's asset quality remained strong with only two loans delinquent 30 days or more at December 31, 2006 totaling $146,000.

First Capital Bancorp, Inc. President and CEO, Bob Watts, noted that the Bank is experiencing a period of "investment in the future" unlike any ever before. Over the past six months, First Capital Bank has opened our Forest Office Park Office (and will next month open our James Center Office in downtown Richmond), expanded the Bank's free courier service for our business customers, hired one of the market's premier construction lenders, Ms. Ann Hillsman, invested in bringing a significant portion of our mortgage process in-house, hired Mr. Richard McNeil to lead and expand the Bank's Private Client Group and hired Mr. Del Ward to lead the Bank's Business Banking Group efforts. Throughout this process, the core earnings of the Bank's growing operations have supported this investment while sustaining double-digit percentage growth in net income for 2006.

The Company currently operates branches in Innsbrook, Chesterfield Towne Center, near Willow Lawn on Staples Mill Road, in Ashland, Southside Regional Medical Center in Petersburg and in the Forest Office Park in Henrico County.

First Capital Bank... Where People Matter.

For additional information, contact William W. Ranson, Chief Financial Officer, Treasurer and Secretary.

For immediate release:
October 20, 2006

First Capital Bancorp, Inc. Reports 16% Increase in Earnings for the Third Quarter of 2006

First Capital Bancorp, Inc. (the “Company”)(OTC Bulletin Board symbol: FPBX) announced today a 16% increase in the Company’s earnings for the three months ended September 30, 2006, to $404,385 or $0.23 per share, compared to $348,388 or $0.19 per share for the same period in 2005. Earnings for the first nine months of 2006 increased 28% to $1,182,276 or $0.66 per share, compared to earnings of $924,744 or $0.51 per share for the same period in 2005.

First Capital Bancorp, Inc. is the holding company of and successor to First Capital Bank (the “Bank”). Effective September 8, 2006, the Company acquired all of the outstanding stock of the Bank in a statutory share exchange transaction, approved by the shareholders at the annual meeting in May 2006, whereby shares of the Company’s common stock, par value $4.00 per share, were exchanged on a one-for-one basis.

The improvement in earnings is primarily attributable to the continued growth of the Company. Net loans increased $26.8 million, or 17.4%, from $154.6 million at December 31, 2005, to $181.5 million at September 30, 2006. Deposits increased $35.7 million, or 22.0%, from $162.4 million at December 31, 2005, to $198.1 million at September 30, 2006. Other borrowings increased by $2.7 million as the Company issued Trust Preferred Capital Notes totaling $5.2 million during the third quarter of 2006.

Total assets increased 24.0% or $48.8 million from $201.0 million at September 30, 2005 to $249.3 million at September 30, 2006. Stockholders’ equity totaled $15.2 million at September 30, 2006, which represents a book value of $8.47 per share.

The Company’s net interest income increased $267,125 or 16.0% to $1,936,171 for the quarter ended September 30, 2006 over the third quarter 2005 net interest income of $1,669,046. Noninterest income increased $34,718, or 41.7% compared to the third quarter of 2005. Noninterest expense increased $265,846, or 23.7% as compared to the third quarter of 2005 as additional lending personnel were added and the Forest Office Park branch opened in September 2006.

First Capital Bancorp, Inc. President and CEO, Bob Watts, noted that “during the third quarter, along with opening our seventh office, at Forest Office Park, the Company hired one of the preeminent construction lenders in the central Virginia market place – Ann Hillsman. Ann brings approximately two decades of construction lending experience and builder contacts to our Bank, both of which serve to significantly expand our franchise. In addition, First Capital Bank has recently expanded our residential mortgage capability to maximize the profitability of leads generated through our growing branch system and our eleven commercial lending officers.

Readers are cautioned that this press release contains forward-looking statements made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on management’s current knowledge, assumptions, and analyses, which it believes are appropriate in the circumstances regarding future events, and may address issues that involve significant risks including, but not limited to: changes in interest rates; changes in accounting principles, policies, or guidelines; significant changes in general economic, competitive, and business conditions; significant changes in or additions to laws and regulatory requirements; and significant changes in securities markets. Additionally, such aforementioned uncertainties, assumptions, and estimates, may cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements.

First Capital Bank... Where People Matter.

For additional information, contact William W. Ranson, Senior Vice President and CFO.

For immediate release:
September 28, 2006

First Capital Bancorp, Inc. Reports Acquisition of First Capital Bank

First Capital Bancorp, Inc. (NASDAQ symbol: FPBX) announced the completion of the acquisition of all of the outstanding stock of First Capital Bank (the “Bank”) in a statutory share exchange transaction pursuant to an Agreement and Plan of Reorganization (the “Agreement”) approved by the shareholders of First Capital Bank at its annual meeting of stockholders held on May 16, 2006. Under the terms of the Agreement, the shares of the Bank’s common stock were exchanged for shares of First Capital Bancorp, Inc. common stock, on a one-for-one basis. As a result, the Bank became a wholly owned subsidiary of First Capital Bancorp, Inc. and the stockholders of the Bank became stockholders of First Capital Bancorp, Inc.

Again, this transaction was in keeping with the plan approved by our shareholders earlier this year and positions our company – your company – for an exciting and rewarding 2007 . . . and beyond. The transition to a holding company will allow us greater access to capital and more diversity in our business offerings to support the expansion of our franchise.

First Capital Bank has just recently hired one of the preeminent construction lenders in the central Virginia market place – Ann Hillsman. Ann brings approximately two decades of construction lending experience and builder contacts to our Bank, both of which serve to significantly expand our franchise. In addition, First Capital Bank has recently expanded our residential mortgage capability to maximize the profitability of leads generated through our growing branch system and our eleven commercial lending officers.

First Capital Bank currently operates branches in Innsbrook, Chesterfield Towne Center, near Willow Lawn on Staples Mill Road, in Ashland, Southside Regional Medical Center in Petersburg and Forest Office Park in Henrico County.

As always, thank you for your continued support of First Capital Bank and First Capital Bancorp, Inc. as we strive to further increase shareholder value, as well as adhere to our mission . . . Where People Matter.

For additional information, contact Robert G. Watts, Jr., President and CEO.

For immediate release:
July 18, 2006

First Capital Bank Reports Increase in Earnings for the Second Quarter of 2006

First Capital Bank (OTC Bulletin Board symbol: FCRV) announced today the Bank’s earnings for the three months ended June 30, 2006, of $402,298 or $0.22 per share, compared to $326,296 or $0.18 per share for the same period in 2005. Earnings for the first six months of 2006 amounted to $777,891 or $0.43 per share, compared to earnings of $576,356 or $0.32 per share for the same period in 2005.

A three – for – two stock split was approved and paid by First Capital Bank in December 2005. All per share amounts have been adjusted for the stock split.

The improvement in earnings is primarily attributable to the continued growth of the Bank. Net loans increased $25.4 million, or 16.4%, from $154.6 million at December 31, 2005, to $180.0 million at June 30, 2006. Deposits increased $34.0 million, or 21.0%, from $162.4 million at December 31, 2005, to $196.4 million at June 30, 2006. Other borrowings decreased by $2.4 million as First Capital Bank took advantage of rates in the wholesale market to more efficiently structure the balance sheet.

Even with the Fed’s 17th 25-basis point hike over the past 2 years, First Capital Bank’s net interest income increased $313,924 or 20.2% over the second quarter net interest income of 2005. Noninterest income increased $27,573, or 47.6% compared to the second quarter of 2005. Noninterest expense increased $188,645, or 18.2% as compared to the second quarter of 2005.

First Capital Bank now has six office locations in the central Virginia market and its assets amounted to $241.5 million at June 30, 2006, up from $209.5 million at December 31, 2005.

Stockholders’ equity totaled $14.4 million at June 30, 2006, which represents a book value of $8.02 per share.

First Capital Bank received permission from its stockholders to form a holding company at its Annual Meeting in May 2006. Applications have been filed with the appropriated regulatory agencies. Formation of the holding company will give the Bank additional means for raising capital to support our continued growth, the ability to consider other business lines that we are not currently providing and is expected to be completed in the third quarter of 2006.

First Capital Bank has been approved to open a new full service branch at 1504 Santa Rosa Road in the Forest Office Park in Henrico County. It is anticipated that the branch will open in the third quarter of 2006.

First Capital Bank President and CEO, Bob Watts, noted that “the opening of our new Forest Office Park branch, centered within a prominent business complex, coupled with the recent approval of our holding company, First Capital Bancorp, Inc., position the Bank for enhanced business development opportunities and a broadening of our franchise. In addition, the formation of the holding company and the improved access to capital will be utilized by the Bank to accelerate the growth of our franchise, expand our physical market presence, introduce new lines of business and continue to attract the quality teammates that have driven the Bank’s success. Each of these strategic objectives is directly linked to increasing shareholder value and promoting our company’s base mission – to be a bank, to be a company, to be a community partner "Where People Matter!"

First Capital Bank currently operates branches in Innsbrook, Chesterfield Towne Center, near Willow Lawn on Staples Mill Road, in Ashland and Southside Regional Medical Center in Petersburg.

Readers are cautioned that this press release contains forward-looking statements made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on management’s current knowledge, assumptions, and analyses, which it believes are appropriate in the circumstances regarding future events, and may address issues that involve significant risks including, but not limited to: changes in interest rates; changes in accounting principles, policies, or guidelines; significant changes in general economic, competitive, and business conditions; significant changes in or additions to laws and regulatory requirements; and significant changes in securities markets. Additionally, such aforementioned uncertainties, assumptions, and estimates, may cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements.

First Capital Bank…where people matter.

For additional information, contact William W. Ranson, Senior Vice President and CFO.

For immediate release:
April 20, 2006

First Capital Bank Reports 50% Increase in Earnings for the First Quarter of 2006

First Capital Bank (OTC Bulletin Board symbol: FCRV) announced today the Bank’s earnings for the three months ended March 31, 2006, of $375,593 or 21 cents per share, as compared to $250,060 or 14 cents per share for the same period in 2005.

A three – for – two stock split was approved and paid by First Capital Bank in December 2005. All per share amounts have been adjusted for the stock split.

The improvement in earnings is primarily attributable to the continued growth of the Bank. Loans increased $11.2 million from $154.6 million at December 31, 2005, to $165.8 million at March 31, 2006. Deposits increased $18.9 million from $162.4 million at December 31, 2005, to $181.3 million at March 31, 2006. Other borrowings decreased by $2.5 million as First Capital Bank took advantage of rates in the wholesale market to more efficiently structure the balance sheet and growth in the deposit accounts. Net interest income increased $392,260 or 28.4% over the first quarter net interest income of 2005. First Capital Bank now has five branch locations in the central Virginia market and its assets amounted to $225.3 million at March 31, 2006, up from $209.5 million at December 31, 2005.

Stockholders’ equity totaled $14.3 million at March 31, 2006, which represents a book value of $7.95 per share. At March 31, 2006, First Capital Bank was in compliance with all regulatory capital requirements.

First Capital Bank opened one new branch in 2005 in the Southside Regional Medical Center in Petersburg, Virginia, bringing its total branch network to five. In addition, the Ashland branch was relocated to a free standing office from a strip shopping center. Consistent with each of the past three years, additional branch and franchise expansion plans remain ongoing.

First Capital Bank President and CEO, Bob Watts, noted that "the Bank continues to reap the financial rewards of a growing loan portfolio, an increased focus on non-interest income, a sound marketplace and a dedicated team of experienced associates. A platform has been built that readily supports additional growth and leverages our growth to create enhanced earnings. Asset quality remains a fundamental strength of the Bank and fulfilled client relationships remain a key objective. The Bank also continues to be the beneficiary of strong shareholder support and remains committed to increasing shareholder value and promoting its vision….. Where People Matter."

First Capital Bank operates branches in Innsbrook, Chesterfield Towne Center, near Willow Lawn on Staples Mill Road, in Ashland and Southside Regional Medical Center in Petersburg.

Readers are cautioned that this press release contains forward-looking statements made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on management’s current knowledge, assumptions, and analyses, which it believes are appropriate in the circumstances regarding future events, and may address issues that involve significant risks including, but not limited to: changes in interest rates; changes in accounting principles, policies, or guidelines; significant changes in general economic, competitive, and business conditions; significant changes in or additions to laws and regulatory requirements; and significant changes in securities markets. Additionally, such aforementioned uncertainties, assumptions, and estimates, may cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements.

First Capital Bank…where people matter.

For additional information, contact William W. Ranson, Senior Vice President and CFO.

For immediate release:
January 31, 2006

First Capital Bank Reports Earnings for the Fourth Quarter of 2005 and the Year Ended December 31, 2005

First Capital Bank (OTC Bulletin Board symbol: FCRV) announced today the Bank’s earnings for the three months ended December 31, 2005, of $382,000 or 21 cents per share, as compared to $204,000 or 11 cents per share for the same period in 2004.

A three – for – two stock split was approved and paid by First Capital Bank in December 2005. All per share amounts have been adjusted for the stock split.

For the year ended December 31, 2005, earnings were $1,306,000 or $0.73 per share, up significantly from earnings of $574,000 or $0.32 per share for the year ended December 31, 2004. The improvement in earnings is primarily attributable to the continued growth of the Bank. Loans increased 43.7% from $107,614,000 at December 31, 2004, to $154,602,000 at December 31, 2005. Deposits increased 26.2% from $128,658,000 at December 31, 2004, to $162,388,000 at December 31, 2005. Other borrowings increased by $20,822,000 as First Capital Bank took advantage of rates in the wholesale market to more efficiently structure the balance sheet. First Capital Bank now has five branch locations in the central Virginia market and its assets amounted to $209,529,000 at December 31, 2005, up from $152,647,000 at December 31, 2004.

Fourth quarter earnings of $382,000 in 2005 continued the profitable trend of the first three quarters and represents a 9.5% increase over the third quarter of 2005. First Capital Bank’s primary source of income, net interest income, increased by approximately $568,000 or 46% from the fourth quarter of 2004 to the fourth quarter of 2005 due to the growth of the loan portfolio.

Stockholders’ equity totaled $13,970,000 at December 31, 2005, which represents a book value of $7.78 per share. This represents an increase of $0.55 per share over the book value per share at December 31, 2004. At December 31, 2005, First Capital Bank was in compliance with all regulatory capital requirements.

First Capital Bank opened one new branch in 2005 in the Southside Regional Medical Center in Petersburg, Virginia, bringing its total branch network to five. In addition, the Ashland branch was relocated to a free standing office from a strip shopping center. Consistent with each of the past three years, additional branch and franchise expansion plans remain ongoing.

First Capital Bank President and CEO, Bob Watts, noted that “2005 was an excellent year with strong earnings, sound growth, exemplary asset quality, solid investor returns and continued franchise expansion. For the second consecutive year, earnings increased by 125% or more over the previous year. Asset quality remains a fundamental strength of the Bank with no loans past due 30 days or more at year end and only one non-accrual loan of less than two thousand dollars. The Bank continues to enjoy strong shareholder support and remains committed to increasing shareholder value and promoting its vision….. Where People Matter.”

First Capital Bank operates branches in Innsbrook, Chesterfield Towne Center, near Willow Lawn on Staples Mill, in Ashland and Southside Regional Medical Center in Petersburg.

Readers are cautioned that this press release contains forward-looking statements made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on management’s current knowledge, assumptions, and analyses, which it believes are appropriate in the circumstances regarding future events, and may address issues that involve significant risks including, but not limited to: changes in interest rates; changes in accounting principles, policies, or guidelines; significant changes in general economic, competitive, and business conditions; significant changes in or additions to laws and regulatory requirements; and significant changes in securities markets. Additionally, such aforementioned uncertainties, assumptions, and estimates, may cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements.

First Capital Bank…where people matter.

For additional information, contact William W. Ranson, Senior Vice President and CFO.

For immediate release:
October 17, 2005

First Capital Bank Reports Record Profits and Strong Loan Growth

First Capital Bank reported a significant increase in net income for the third quarter of 2005 as compared to the third quarter of 2004. Net income for the three months ended September 30, 2005 was $348,388 or $0.29 per share. Net income for the comparable period of 2004 was $167,949, or $0.17 per share. For the first nine months of 2005, net income was $924,744 compared to $369,900 for the corresponding period in 2004. Basic income per share for the nine months ending September 30, 2005 was $0.77, up from $0.37 for the same period in 2004.

Net income earned in the third quarter of 2005 of $348,388 is a significant improvement over the $167,949 earned in the third quarter of 2004. The improvement in earnings for the third quarter of 2005 is primarily attributable to the continued profitable growth of First Capital Bank. The Bank enjoyed a substantial increase in net interest income, from $1,136,931 for the third quarter of 2004 to $1,669,726 for the third quarter of 2005. This increase of $532,795 was primarily a result of additional interest income arising from an increase in loans, from $99.1 million at September 30, 2004 to $144.7 million at September 30, 2005, as well as rising short-term interest rates precipitated by increases in interest rates by the Federal Reserve Bank during 2005.

For the first nine months of 2005, net loans increased by $37.1 million, or 34.4%. Asset quality remains strong with no loans delinquent more than 30 days and only two non-accruing loans representing .20 % of net loans outstanding. Loan loss reserves stand at $1.3 million as of September 30, 2005. Deposits grew $35.2 million for the first nine months of 2005, or 27.4%. Total assets were $201 million as of September 30, 2005.

First Capital Bank successfully opened its six office location in Southside Regional Medical Center in Petersburg, Virginia in the third quarter of 2005. This office has both retail banking and Private Client Group capabilities and services the 1,500 employees of the hospital, along with the surrounding community. In addition, the relocation of the Ashland branch to a free-standing branch in Ashland is anticipated early in the fourth quarter of 2005. The Bank’s growth and interest in the Ashland market has warranted this additional investment, including the resulting drive-thru banking capabilities. Regulatory approval will soon be sought for the Bank’s seventh office location to be opened in 2006.

First Capital Bank President and CEO, Bob Watts, noted that “First Capital Bank’s team continues to grow and expand, with a consistent, overriding goal of enhancing shareholder value. The additions of branch locations, commercial lending officers, Private Client Group expansion, greater community involvement and talented teammates are all designed to build on the momentum of our increasing profitability and expanded market presence.”

First Capital Bank operates branches in Innsbrook, Chesterfield Towne Center, near Willow Lawn on Staples Mill, in Ashland and Southside Regional Medical Center in Petersburg.

Readers are cautioned that this press release contains forward-looking statements made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on management’s current knowledge, assumptions, and analyses, which it believes are appropriate in the circumstances regarding future events, and may address issues that involve significant risks including, but not limited to: changes in interest rates; changes in accounting principles, policies, or guidelines; significant changes in general economic, competitive, and business conditions; significant changes in or additions to laws and regulatory requirements; and significant changes in securities markets. Additionally, such aforementioned uncertainties, assumptions, and estimates, may cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements.

First Capital Bank…where people matter.

For additional information, contact William W. Ranson, Senior Vice President and CFO.

For immediate release:
July 26, 2005

First Capital Bank Reports Record Profits and Strong Loan Growth

First Capital Bank reported a significant increase in net income for the second quarter of 2005 as compared to the second quarter of 2004. Net income for the three months ended June 30, 2005 was $326,296 or 27 cents per share. Earnings for the comparable period of 2004 were $111,454, or 11 cents per share. Year-to-date earnings were $576,356 for the first half of 2005 compared to $201,951 for the corresponding period in 2004. Earnings per share for the first half of the year were 48 cents, up from 20 cents a year ago.

Net loans grew to $134.6 million as of June 30, 2005, an increase of 46%, compared with $92.3 million a year ago. Asset quality remains strong with only two loans delinquent more than 30 days and one nominal non-accruing loan. Loan loss reserves stand at $1.3 million as of June 30, 2005. Total assets were $179.9 million as of June 30, 2005, up from $147.0 million a year ago. Deposits grew to $148.8 million, an increase of 17% over the same period last year when deposits were $126.7 million.

Net interest income for the quarter ended June 30, 2005 increased to $1,553,000, an increase of 56% over the three months ended June 30, 2004. This increase was due to significant loan growth and an increase in net interest margin.

First Capital Bank President and CEO, Bob Watts, noted that "First Capital Bank's net income for the first six months of 2005 exceeded net income for the entire year of 2004. We anticipate with excitement the relocation of our Ashland Branch Office and the opening of our newest branch in the Southside Regional Medical Center in Petersburg in the third quarter of 2005."

First Capital Bank operates branches in Innsbrook, Chesterfield Towne Center, near Willow Lawn on Staples Mill, in Ashland and soon in the Southside Regional Medical Center in Petersburg.

First Capital Bank…where people matter.

For additional information, contact William W. Ranson, CPA, Senior Vice President and Chief Financial Officer.

For immediate release:
April 20, 2005

First Capital Bank Profit Rises 176%

First Capital Bank reported a 176% increase in net income for the first quarter of 2005 as compared to the first quarter of 2004. Net income for the three months ended March 31, 2005 was $250,060 or 21 cents per share. Earnings for the comparable period of 2004 were $90,467, or 9 cents per share.

Net loans grew by $35.5 million to $121.5 million, an increase of 41% over the same quarter end last year. For the first quarter of 2005, net loans increased $13.9 million, an increase of 13% from December 31, 2004 net loans. Asset quality remains strong with only two loans delinquent more than 30 days and only one non-accruing loan of approximately $2,300. Loan loss reserves stand at $1,179,000 as of March 31, 2005. Total assets grew by $31.7 million over the same quarter last year to $164.9 million, an increase of 24%. For the first quarter of 2005, assets increased $12.2 million or 8% from 12/31/04. Deposits grew to $144.1 million, an increase of 27% over the same period last year. For the first quarter of 2005, deposits increased 12% or $15.4 million from December 31, 2004 deposit levels.

Net interest income for the quarter ended March 31, 2005 increased to $1,336,000, an increase of 46% over the three months ended March 31, 2004. This increase was due to significant loan growth and the increase in net interest margin from 3.28% for the first quarter of 2004 to 3.60% for the first quarter of 2005.

First Capital Bank President and CEO, Bob Watts, noted that "the Bank continues to grow at a sound, yet aggressive, rate. Our lending team continues to expand its market presence. We have several retail branch expansion plans on the drawing board. We also rolled out our free personal internet banking service during the quarter. First Capital Bank now provides this valued service to all of our clients - both individuals and businesses. And most important, our earnings are outpacing our growth and funding new products, new services, new associates and added opportunities to increase shareholder value."

First Capital Bank…where people matter.

For additional information, contact William W. Ranson, Senior Vice President and Chief Financial Officer.

For immediate release:
January 27, 2005

First Capital Bank Profit Rises

First Capital Bank reported net income for the year ended December 31, 2004 of $574,133 or 56 cents per share, as compared to $246,075 for the year ended December 31, 2003 or 25 cents per share. Net income for the three months ended December 31, 2004 was $204,233 or 19 cents per share. Earnings for the comparable period of 2003 were $59,265, or 6 cents per share.

For the year, net loans grew by $36 million to $108 million, an increase of 50% over the same period last year. Asset quality remains strong with only one loan of $3,800 delinquent more than 30 days. Loan loss reserves stand at $1,084,000 as of December 31, 2004. Total assets grew by $38 million over the same period last year to $153 million, an increase of 33%. Deposits grew to $129 million, an increase of 23% over the same period last year.

Net interest income after provision for loan losses for the year ended December 31, 2004 increased to $3,968,671, an increase of 48% over the comparable period of 2003. This increase was due to significant loan growth and an increase in net interest margin from 3.17% as of December 31, 2003 to 3.69% as of December 31, 2004. Noninterest expenses increased 32% to $3,406,178 due to expansion of the Bank franchise with a new branch at Staples Mill Road and a full year of expenses for the Chesterfield Towne Center branch and the Corporate Headquarters in Innsbrook.

On October 20, 2004, First Capital Bank completed an offering of 203,076 shares of its Common Stock, $4.00 par value per share, at a purchase price of $16.25 per share. After deducting costs of approximately $51,000 associated with the offering, a total of approximately $3,249,000 was added to the Bank's capital position to bring total stockholders' equity to $12,990,285 at December 31, 2004.

First Capital Bank President and CEO, Bob Watts, noted that "2004 was a year focused on expanding the platform, enhancing our processes and developing our people. We were successful in all three phases. The Bank made significant additions to our lending team, while also opening a new branch office and greatly expanding our business internet banking customer base. More important, our 50% loan growth provides significant momentum for 2005 and asset quality remains very strong. In addition, we are proud of our sound shareholder support as evidenced by the prompt oversubscribing of our most recent secondary stock offering. Shareholder value continues to be a major focus of the Bank."

First Capital Bank operates branches in Innsbrook, Chesterfield Towne Center, near Willow Lawn on Staples Mill and in Ashland.

First Capital Bank…where people matter.

For additional information, contact William W. Ranson, Senior Vice President and Chief Financial Officer.

For immediate release:
October 18, 2004

First Capital Bank Profit Rises

First Capital Bank reported a 267% increase in net income for the third quarter of 2004 as compared to the third quarter of 2003. Net income for the three months ended September 30, 2004 was $167,949 or 17 cents per share. Earnings for the comparable period of 2003 were $45,771, or 5 cents per share. Earnings for the first nine months of 2004 increased 97% to $369,897 or 37 cents per share compared to $187,810, or 19 cents per share for the first nine months of 2003.

Net loans grew by $33.5 million to $99.1 million, an increase of 51% over the same quarter end last year. Asset quality remains strong with no loans delinquent more than 30 days and only one non-accruing loan of approximately $3,000. Loan loss reserves stand at $997,000 as of September 30, 2004. Total assets grew by $49.9 million over the same quarter last year to $164.9 million, an increase of 43%. Deposits grew to $146.0 million, an increase of 39% over the same period last year.

Net interest income for the quarter ended September 30, 2004 increased to $1,150,000, an increase of 52% over the three months ended September 30, 2003. This increase was due to significant loan growth and the resulting increase in net interest margin from 2.88% for the third quarter of 2003 to 3.44% for the third quarter of 2004.

First Capital Bank President and CEO, Bob Watts, noted that "we are pleased with the significant growth in earnings and the growth of our Bank. These have clearly been areas of focus for the management team. We continue to concentrate on further penetrating our markets through additional lenders, internet banking enhancements and an expanded branch network, while maintaining our excellent loan quality. Success in achieving these objectives will drive our future growth and earnings performance."

First Capital Bank is currently raising additional capital of $3,300,000 to support the bank's current and planned growth. The bank operates branches in Innsbrook, Chesterfield Towne Center, near Willow Lawn on Staples Mill and in Ashland.

First Capital Bank…where people matter.

For additional information, contact William W. Ranson, Senior Vice President and Chief Financial Officer.

For immediate release:
July 14, 2004

First Capital Bank reported robust loan demand in 2004 and improving net interest margins resulting in a 53% increase in 2004 second quarter earnings as compared to the second quarter of 2003. Net income after taxes for the period was $111,454 or 11 cents per share. Earnings for the second quarter of 2003 were $72,956, or 7 cents per share. Earnings for the first six months of 2004 increased 43% to $201,951 or 20 cents per share compared to $141,039, or 14 cents per share for the first six months of 2003.

The significant increase in earnings were achieved after absorbing the start-up costs associated with opening two new branches as well as relocation of the Bank's administrative offices to a new site in Innsbrook.

Net loans grew by $29.3 million to $92.2 million, and increase of 47% over the same quarter last year. Asset quality remains strong with no loans delinquent more than 30 days and only one non-accruing loan of $3,368. Loan loss reserves stand at $936,000. Total assets grew by $35.1 million over the same quarter last year to $147.0 million, an increase of 31%. Deposits grew to $129.5 million, and increase of 27% over the same period last year.

Bob Watts, president and CEO, commented that "community banking in the Central Virginia market remains vibrant and strong, especially in light of the continued consolidation among the larger regional banks. First Capital Bank, through the recent opening of two new offices and our expanded corporate office, is well positioned to thrive in the local marketplace and differentiate itself as a bank that truly focuses on people, their businesses and their community - without the bureaucratic entanglements of super-regional banks, yet with the same product offerings and enhanced service standards. Over the last four years, we've built a solid platform from which to grow and excel in a market that is very supportive of our niche within the industry."

First Capital Bank operates branches in Innsbrook, Chesterfield Towne Center, near Willow Lawn on Staples Mill and in Ashland.

First Capital Bank…where people matter.

For additional information, contact William W. Ranson, Senior Vice President and Chief Financial Officer.

For immediate release:
April 14, 2004

First Capital Bank reported strong earnings performance for the first quarter of 2004 which was fueled principally by burgeoning loan growth and improving net interest margins. Net income after taxes for the period was $90,456, or 9 cents per share. Earnings for the same period a year ago were $68,083, or 7 cents per share. More significantly, the current year results were achieved after absorbing start-up costs associated with opening new branches at the Chesterfield Towne Center and at 1776 Staples Mill Road near Willow Lawn, as well as relocation of the Bank's administrative offices to a new site in Innsbrook.

Net loans grew by $29.1 million to $85,953,000, an increase of 51.3% over the same quarter last year. Asset quality remains very sound, with non-accruing loans of $3,525 against loan loss reserves in excess of $876,000. Total assets grew by $31.9 million over the same quarter last year to $133,377,000, an increase of 25.1%, and deposits grew to $115,244,000, an increase of 20.2% over the same period last year.

Bob Watts, President and Chief Executive Officer of First Capital Bank, commented that the Bank's first quarter performance is due to growth in earning assets, sound fiscal management and dedicated teamwork. The Bank's lending team continues to expand its penetration in the Central Virginia market and these efforts have led to additional lending and relationship expansion opportunities. At the same time, by doubling the Bank's retail delivery system, a platform has now been built to facilitate additional growth and increased core earnings. Mr. Watts was also pleased with the performance of First Capital Investment Group, which offers investment opportunities to the Bank's customers and non-customers. First Capital Investment Group, a product of the Bank's affiliation with Banker Investments Group, LLC, a Virginia Banker's Association-sponsored consortium of Virginia banks, is expected to become a significant contributor in the Bank's quest to increase non-interest income while enhancing the Bank's ability to serve its customers' financial needs.

First Capital Bank operates branches in Innsbrook, Chesterfield Towne Center, near Willow Lawn, and in Ashland. The Bank has plans to relocate its Ashland Office to a new, more accessible site in the fourth quarter of 2004, subject to appropriate regulatory and other approvals.

First Capital Bank…where people matter.

For additional information, Don S. Garber, Executive Vice President and Chief Financial Officer.

For immediate release:
January 20, 2004

First Capital Bank announces results for 2003 First Capital Bank reported a sharp increase in operating income and strong loan growth in 2003. Net income before taxes increased threefold to $372,832 for the year and net loans grew 32.2% to $71.9 million. Total assets at December 31, 2003 were $115.2 million. The earnings growth is attributed to increased lending activity and was achieved after absorbing start-up costs associated with opening the Bank's branch office at Chesterfield Towne Center in July, moving its corporate headquarters to a new site in Innsbrook, as well as expenses involved with opening its next branch location on Staples Mill Road near Willow Lawn.

Net income after taxes for the year was $246,071, or 25 cents per share compared to $581,140 or 76 cents per share for the previous year. Prior year earnings included a one-time, nonrecurring adjustment of $500,566 to recognize the bank's deferred tax asset balance in accordance with the pronouncement of FASB 109, "Accounting for Income Taxes".

Net income after taxes rose to $59,262 for the fourth quarter or 6 cents per share, compared to $31,351 or 4 cents per share for the same period last year. Asset quality remains very sound, with non-accruals of $6,175 against loan loss reserves in excess of $736,000. In addition, as of December 31, 2003, 30 day past due loan balances were nominal at $2,604, or 0.4% of loan loss reserves.

Bob Watts, President and Chief Executive Officer of First Capital Bank, commented that the Bank's strong performance is particularly significant given the major initiatives accomplished during the year. Watts noted that "with the enlarging of our branch network, increased ATM coverage, rollout of First Capital Investment Group, which offers investment services, and our much needed expanded headquarters, 2003 will prove to be a "springboard" year for First Capital Bank". In addition to opening its first Chesterfield County location and relocating its corporate offices, the Bank is completing the renovation of its new Staples Mill Road office which is scheduled to open in February, 2004. Mr. Watts also announced that the Bank is planning to relocate its Ashland branch office to a new site in 2004 which will provide expanded customer service opportunities.

First Capital Bank…where people matter.

For additional information, contact Don S. Garber, Executive Vice President and Chief Financial Officer.

For immediate release:
October 14, 2003

First Capital Bank reported continued strong growth and increasing profitability for the third quarter of 2003. Total assets grew by $19.1 million over the same quarter last year to $114,940,000, an increase of 19.9%. Net loans grew by $18.9 million to $65,612,000, an increase of 36.4%, and deposits increased $18.0 million to $104,817,000, an increase of 20.7%.

Net income for the quarter was $45,769 or 5 cents per share, compared to $27,283, or 3 cents per share, for the same period last year. The earnings increase was achieved after absorbing start-up costs associated with opening the Bank's branch office at Chesterfield Towne Center in July, moving its corporate headquarters to a new site in Innsbrook as well as expenses involved with opening its next branch location on Staples Mill Road near Willow Lawn later in the fall.

Net income before income taxes for the year to date was $283,043 compared to $74,867 for the previous year. Net income after taxes for the current year was $186,809, or 19 cents per share, compared to $549,790, or 72 cents per share for last year which included a one-time, nonrecurring adjustment of $500,566 to recognize the bank's deferred tax asset balance in accordance with the pronouncement of FASB 109, "Accounting for Income Taxes". The earnings improvement is attributed primarily to the growth in earning assets and improving net interest margins. Asset quality remains very sound, with non-accruals of $139,537 against loan loss reserves in excess of $727,000.

Bob Watts, President and Chief Executive Officer of First Capital Bank, commented that the Bank's strong third quarter and year-to-date performance are particularly significant given the various major initiatives accomplished during the quarter. Watts noted that "with the enlarging of our branch network, increased ATM coverage, rollout of First Capital Investment Group and our much needed expanded headquarters, the third quarter, 2003, will prove to be an important and successful period of time for First Capital Bank". The bank's first Chesterfield County location at 1580 Koger Center Boulevard in Chesterfield Towne Center opened in July. First Capital Bank has also received regulatory approval for its fourth branch location, on Staples Mill Road near the Willow Lawn Shopping Center, and expects it to be open during the fourth quarter of this year. In addition, the bank relocated its corporate offices to new quarters at 4222 Cox Road in Innsbrook in late June to accommodate current and future growth, including the addition of Bill Bien as Senior Lending Officer and Laura McCombs as a commercial lender.

First Capital Bank also operates branches in Innsbrook and in Ashland and will continue to explore other potential retail branch sites in the Richmond area.

First Capital Bank…where people matter.

For additional information, contact Don S. Garber, Executive Vice President and Chief Financial Officer.

For immediate release:
July 9, 2003

First Capital Bank reported continued strong growth and increasing profitability for the second quarter of 2003. Total assets grew by $30.0 million over the same quarter last year to $111,953,000, an increase of 36.6%. Net loans grew by $18.9 million to $62,934,000, an increase of 42.9%, and deposits increased $26.9 million to $101,658,000, an increase of 36.0%.

Net income before taxes for the quarter was $110,541, or 11 cents per share, compared to $27,380, or 3 cents per share, for the same period last year. Net income after taxes for the quarter was $72,957 or 7 cents per share. Net income after taxes for the same period last year was $516,566, or 67 cents per share which included a one-time, nonrecurring adjustment of $500,566 to recognize the bank's deferred tax asset balance in accordance with the pronouncement of FASB 109, "Accounting for Income Taxes".

Net income before income taxes for the year to date was $213,695 compared to $33,530 for the previous year. Net income after taxes for the current year was $141,040, or 18 cents per share, compared to $522,508 including the one-time adjustment, or 68 cents per share. The earnings improvement is attributed primarily to the growth in earning assets. Asset quality remains very sound, with non-accruals of $140,843 against loan loss reserves in excess of $699,000.

Bob Watts, President and Chief Executive Officer of First Capital Bank, commented that the Bank's strong second quarter and year-to-date performance positions the bank very favorably as it embarks on several major expansion initiatives. Watts noted that "with the doubling of our branch network, increased ATM coverage, phase-one rollout of our internet banking, new offering in the investment arena and our much needed expanded headquarters, 2003 continues to be a springboard year for First Capital Bank". The bank's first Chesterfield County location at 1580 Koger Center Boulevard in Chesterfield Towne Center opens in July. First Capital Bank has also received regulatory approval for its fourth branch location, on Staples Mill Road near the Willow Lawn Shopping Center, and expects to be open by the fourth quarter of this year. In addition, the bank relocated its corporate offices to new quarters at 4222 Cox Road in Innsbrook in late June to accommodate current and future growth.

First Capital Bank also operates branches in Innsbrook and in Ashland and will continue to explore other potential retail branch sites in the Richmond area.

First Capital Bank…where people matter.

For additional information, contact Don S. Garber, Executive Vice President and Chief Financial Officer.

For immediate release
April 11, 2003

First Capital Bank reported continued strong growth and increasing profitability for the first quarter of 2003. Total assets grew by $31.9 million over the same quarter last year to $106,587,000, an increase of 42.7%. Net loans grew by $20.0 million to $56,812,000, an increase of 54.4%, and deposits increased $27.3 million to $95,870,000, an increase of 39.8%.

Net income after taxes for the period was $68,083, or 7 cents per share. Pretax income was $103,154 compared to $6,149 a year ago. The earnings improvement is attributed primarily to the growth in earning assets. Asset quality remains very sound, with non-accruals of $62,567 against loan loss reserves in excess of $618,000.

Bob Watts, President and Chief Executive Officer of First Capital Bank, commented that the Bank's first quarter performance is due to growth in earning assets, sound fiscal management, dedicated teamwork and "sticking to our knitting". The Bank remains focused on its strategic objectives and exceeding projected performance, while developing value-added customer relationships and a "common sense" approach to banking.

First Capital Bank operates branches in Innsbrook and in Ashland and will open its first location south of the James River near the Chesterfield Towne Center this summer. The Bank is also exploring other retail branch sites in the Richmond area and has recently added free Business Internet Banking to its menu of services.

First Capital Bank…where people matter.

For additional information, contact Don S. Garber, Executive Vice President and Chief Financial Officer.

First Capital Bank announces results for 2002 - achieves major milestones!

For Immediate Release
January 10, 2003

Contact: Don S. Garber
Executive Vice President
and Chief Financial Officer

First Capital Bank reported that it had passed the $100 million milestone in total assets and that net income for the year exceeded $122,000 before taxes - both figures representing strong increases over the previous year.

Total assets grew by $36.8 million for the year to $100,656,000, an increase of 57.6%. Net loans grew by $21.5 million to $54,429,000, an increase of 65.2%, and deposits increased $32.1 million to $89,516,000, an increase of 55.8%.

Net income after taxes for the year was $581,000 which includes a one time, non-recurring adjustment of $500,566 to recognize the Bank's deferred tax asset balance in the second quarter. The earnings performance was achieved after adding $320,000 to the bank's loan loss reserves for the year. Additionally, non-performing loans were significantly reduced to $63,000, down from $637,000 at the end of 2001.

Net income for the fourth quarter was $47,500 before taxes. $109,750 was added to the loan loss reserve during the quarter due to loan growth. Fourth quarter earnings were more than double the earnings of $22,000 for the same period last year.

The Bank completed a secondary stock offering to its current shareholders in the fourth quarter which will add over $2,300,000 in capital to support the Bank's near term growth plans.

The Bank reported that construction has started on its Chesterfield Towne Center office which is scheduled to open in the second quarter of this year. Additional expansion projects are also on the drawing board.

Bob Watts, President and Chief Executive Officer of First Capital Bank, commented that he was pleased with the Bank's 2002 performance and was confident that the Bank was poised to achieve new milestones in the coming year. Primary objectives of the Bank for 2003 will be to continue to focus on acquiring, developing and enhancing relationships; broaden the depth and talents of the team; and enhance shareholder value through significantly increasing bottom-line results.

First Capital Bank operates branches in Innsbrook and in Ashland and has plans to continue its expansion with additional branches in the Richmond area after the new Chesterfield location opens. First Capital Bank stock opened the year at $7.50 per share and closed on December 31, 2002 at $10.50 per share. First Capital Bank is listed under the symbol "FCRV".

For additional information, contact Don S. Garber, Executive Vice President and Chief Financial Officer

First Capital Bank announces results for the 3rd Quarter 2002

For Immediate Release
September 8, 2002

Contact: Don S. Garber
Executive Vice President
and Chief Financial Officer

First Capital Bank reported continued strong growth in loans, deposits and earnings for the third quarter of 2002. Total assets grew by $39.8 million over the same quarter last year to $95,837,000, an increase of 71.0%. Net loans grew by $16.4 million to $48,093,000, an increase of 51.6%, and deposits increased $37.4 million to $86,817,000, an increase of 75.7%.

Net income before income taxes for the quarter was $41,337, after adding $100,500 to the bank's loan loss reserve due to the large increase in loans outstanding. For the same period last year, net income before taxes was $12,335 with a loan loss provision of $10,000. Net income after taxes - basic and diluted (earnings per share) - for the current period was $27,283, or 4 cents per share.

Net income before taxes for the year to date was $74,867 compared to a loss of $14,564 for the same period a year ago. Net income after taxes for the current year to date is $549,790, which includes a one-time, non-recurring adjustment of $500,566 to recognize the bank's deferred tax asset balance in the second quarter. The bank has earned 72 cents per share after taxes (basic and diluted) for the year to date compared to a loss of 2 cents per share last year.

Non-performing assets were reduced by $287,000 to $340,022, effectively representing a single loan. Exclusive of this non-accrual balance, the bank had no 30-day past due loans at the end of the 3rd quarter.

The bank is scheduled to break ground in the next few days for its first location south of the James River on Koger Center Boulevard, adjacent to Chesterfield Towne Center.

Bob Watts, President and Chief Executive Officer of First Capital Bank, commented that the Bank's third quarter growth is an endorsement of its vision of developing value-added relationships with its customers and a "common sense" approach to banking as well as a continuation of the financial momentum created by the growth and quality of the bank's diverse loan portfolio.

First Capital Bank operates branches in Innsbrook and in Ashland and expects the new Chesterfield location to open early next year.

For additional information, contact Don S. Garber, Executive Vice President and Chief Financial Officer

First Capital Bank Announces Results for the Second Quarter 2002

For Immediate Release
July 15, 2002

Contact: Don S. Garber
Executive Vice President
and Chief Financial Officer

First Capital Bank reported strong growth in loans, deposits and earnings for the second quarter of 2002. Total assets grew by $33.9 million over the same quarter last year to $81,906,000, an increase of 70.6%. Net loans grew by $17.4 million to $44,069,000, an increase of 65.4%, and deposits increased $33.1 million to $74,766,000, an increase of 79.5%.

Net income before income taxes for the quarter was $27,380, after adding $79,000 to the bank's loan loss reserve due to the large increase in loans outstanding. Net income after taxes - basic and diluted (earnings per share) - for the period was $516,358, or 67 cents per share. This includes a one-time non-recurring adjustment of $500,566 to recognize the bank's deferred tax asset balance. This adjustment is the result of recent positive earnings trends and is in accordance with the pronouncement of FASB 109, "Accounting for Income Taxes." Earnings per share before the adjustment were 3 cents per share for the quarter. The bank reported a loss of $11,985 or 2 cents per share for the same period in 2001.

Net income before income taxes for the year to date was $33,530 and net earnings after taxes were $522,508 including the one-time adjustment, or 68 cents per share. Earnings per share for the year to date before the adjustment were 4 cents per share compared to a loss of $26,899 or 3 cents per share for the same period last year.

Non-performing assets were reduced by $240,000 to $387,862, effectively representing a single loan.

The bank has received regulatory approval to open its next location and first south of the James River on Koger Center Boulevard, adjacent to Chesterfield Towne Center.

Bob Watts, President and Chief Executive Officer of First Capital Bank, commented that the Bank's second quarter growth is an endorsement of its vision of developing value-added relationships with its customers and a "common sense" approach to banking.

First Capital Bank operates branches in Innsbrook and in Ashland and expects the new Chesterfield location to open by this winter.

For additional information, contact Don S. Garber, Executive Vice President and Chief Financial Officer

For Immediate Release
January 10, 2002

Contact: Don S. Garber
Executive Vice President
and Chief Financial Officer

First Capital Bank reported sharply improved operating results for the year ended 2001, including its first full year of profitability. First Capital reported earnings for the year of $8,321 compared to a loss of $549,365 for the previous year.

For the fourth quarter, the bank reported earnings of $22,884 or 3 cents per share compared to a loss of $419,331 or 55 cents per share for the same period last year. The 2000 results included a special increase in the reserve for loan losses of $372,000 associated with one nonperforming loan.

Senior management was restructured at the beginning of the year, including the addition of Bob Watts as President and Chief Executive Officer, and the changes resulted in significant improvement in both growth and profitability.

First Capital experienced strong growth in both its loan and deposit portfolios as it completed its third year of operations. Loans outstanding at December 31, 2001 were $33,550,000 compared to $19,750,000 at December 31, 2000, and increase of 69.8%. Deposits were $57,460,000 at December 31, 2001, up 98.1% from $29,000,000 last year-end. Total assets were $63,850,000 at December 31, 2001, compared to $35,680,000 at last year-end, an increase of 78.9%.

First Capital Bank's main office is in Innsbrook, with an additional branch in Ashland. The Bank has initiated an expansion plan and is seeking a location for its third branch. The Bank also expanded into the mortgage market, as well as being in the implementation phase of online banking for its small business customers.

Press Release

For Immediate Release
December 13, 2000

First Capital Bank
4101 Dominion Boulevard
Glen Allen, Virginia 23060

Contact: Andrew McLean
(804) 273-9300

GLEN ALLEN, VIRGINIA - The Board of Directors of First Capital Bank has elected Robert G. Watts, Jr. as President and Chief Executive Officer of the bank, effective January 1, 2001. Mr. Watts will be succeeding Ms. Esther Hay Smith, who will be leaving the bank effective December 31, 2000, but who will continue to serve on the bank's Board of Directors.

Mr. Watts has recently served as Senior Vice President of The Bank of Richmond. Mr. Watts has also held executive positions at MainStreet Bank and NationsBank. Mr. Watts received his B.A. from the University of Virginia in 1982 and graduated from the Virginia Bankers School, located in Charlottesville, Virginia, in 1990.

The Board also named Andrew McLean, who joined the Bank in 1999, as Executive Vice President. In addition, Mr. McLean will continue in his role as senior lending officer.

"We wish to thank Esther Smith for her leadership in the early stages of the bank's development," said Grant S. Grayson, Chairman of the Board. "She has done a great job of getting the bank started and achieving profitability this year. We look forward to her continued service on the Board of Directors. We believe Mssrs. Watts and McLean are the perfect management team to direct the future growth of the bank."

First Capital Bank, which opened in December, 1998, currently has approximately $38 million in assets and operates branches in Innsbrook and Ashland.

News Flash ! ! !

We received notice on November 1, 2000 that our application to open a branch office in Ashland has been approved by the Virginia Bureau of Financial Institutions.

Construction will start immediately on the new location at 113 Junction Drive in the Ashland Junction Shopping Center.

We plan to open for business before the end of the year. Watch for further news updates!

For Immediate Release
October 30, 2000

Richmond, Virginia

Contact: Esther Hay Smith
President and CEO

First Capital Bank reported earnings of $9,925 or 1 cent per share for the quarter ended September 30, 2000. This marks the bank's first profitable quarter since opening in December, 1998, and compares to a loss of $157,242, or 20 cents per share, for the same quarter last year. For the year to date, the operating loss is $130,033, or 17 cents per share, compared to a loss of $545,191, or 71 cents per share, for the same period last year.

The earnings improvement is due primarily to continued strong growth in the bank's loan portfolio with loans outstanding exceeding $19, 275,000 at September 30. Total assets were $32,790,000 and deposits exceeded $26,000,000.

The bank has filed an application to open its first branch office in Ashland. The branch is expected to open by the end of the year, subject to regulatory approval. The bank continues to explore other branching opportunities.

"First Capital currently receives strong support from shareholders and customers in Hanover County and the Ashland branch will enable the bank to expand its service to the area", said Esther Hay Smith, President and CEO.

For Immediate Release
July 13, 2000

Richmond, Virginia

Contact: Esther Hay Smith
President and CEO

First Capital Bank continued its strong loan and deposit growth during the first six months of the year, according to Esther Hay Smith, President and CEO. Loans increased 343.1% over the past year to $18.0 million and deposits increased 88.4% to $26.0 million at the end of June. The period ended with total assets in excess of $32.6 million.

The bank's earnings performance improved within an environment of rising interest rates and higher deposit costs. First Capital ended the quarter with an operating loss of $54,972 after increasing its reserve for possible loan losses by over $57,000, compared to an operating loss of $190,213 for the second quarter in 1999. The bank's loss for the first six months was $139,959, compared to $387,948 for the same period last year.

The bank is concentrating on developing its retail/consumer base, its small business lending and its future expansion plans, said Mrs. Smith.

First Capital Bank sees profit by third quarter
Richmond Times-Dispatch, May 25, 2000
-Carol Hazard

First Capital Bank Expects to become profitable in the third quarter, Esther Hay Smith, president and chief executive officer, told shareholders yesterday at the annual meeting.

"For us to do this in this period of time is an accomplishment," Smith said after the meeting. New banks often don't show a profit for three years, she said.

First Capital opened in December 1998. The bank hopes to open a second branch in Hanover County by year's end, Smith said.

The Glen Allen-based bank reported an operating loss of $693,448, which was in line with expectations. Deposit and asset growth is ahead of projections, Smith said.

Deposits increased to $20.02 million during the first year of operations.

Shareholders approved a stock option plan. The plan would give options at a yet undetermined date to directors, advisers, original organizers and others who helped get the bank started, Smith said.

One-year record Financial results for First Capital Bank for 1999:
	Assets(in millions)	Net Earnings	Earnings per share
1999	$26.86	-$693,448	-$.90

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