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Press Release

FOR IMMEDIATE RELEASE
September 29, 2017

Capital Bank Contact:
David J. Hanrahan
856-457-6360
dhanrahan@capitalbanknj.com

Capital Bank Celebrates New Marlton Loan Production Office;
Reports Third Quarter Results

Vineland, NJ (10/30/2017) – Capital Bank of New Jersey, the South Jersey community bank owned by hundreds of local stockholders, has announced its results through the third quarter. The bank reported a net income of $4,060,000 for the nine months ended September 30, 2017, a $896,000 (28%) increase over the same period in 2016. Capital Bank also reported that its total assets at September 30, 2017 were $490 million, an increase of $46 million (10%) compared to December 31, 2016.

David J. Hanrahan, President and CEO, commented, “We are extremely pleased with our results so far this year. Deposit growth and loan growth have been very good, and our profit has been outstanding. It’s all a credit to our high-quality team, who care deeply about providing professional, friendly and responsive service to our customers.”

Earlier this month Capital Bank held a ribbon-cutting at its new Loan Production Office (LPO) in Marlton. The LPO is led by Brad Cusick, the bank’s Camden/Burlington County Market Manager.

Dominic J. Romano, Chairman of the Board, said, “Capital Bank has been lending money to businesses in Camden and Burlington Counties since the bank opened in 2007. Our new Marlton LPO will enhance our ability to increase the bank’s market share.”

Capital Bank’s ribbon-cutting at its new Marlton Loan Production Office was held on October 3. Pictured (left to right) are Director John DiDonato, Director George Stanger, President and CEO David Hanrahan, Chairman Dominic Romano, VP / Camden and Burlington County Market Manager Brad Cusick, Director Tricia Pilone, Director Harry Hearing, New Jersey State Senator Dawn Addiego, Evesham Township Mayor Randy Brown, New Jersey Assemblyman Joe Howarth and Evesham Township Councilman Robert DiEnna

Capital Bank opened in Vineland in 2007. Today it has five locations – two in Vineland, one in Woodbury Heights, one in Hammonton and its LPO in Marlton. Capital Bank lends money to businesses throughout South Jersey. In 2017 the bank was, for the third consecutive year, named in the American Banker Top 200 Community Banks in the United States. For more information about Capital Bank, please visit www.capitalbanknj.com.


FORWARD LOOKING STATEMENTS

The Bank may from time to time make written or oral “forward-looking statements”, including statements contained in this release. Such statements are not historical facts and include expressions about management's confidence and strategies and management's current views and expectations about new and existing programs and products, relationships, opportunities, taxation, technology and market conditions. Actual results may differ materially from such forward-looking statements, and no undue reliance should be placed on any forward-looking statement. Factors that may cause results to differ materially from such forward-looking statements include, but are not limited to, unanticipated changes in the financial markets and the direction of interest rates; volatility in earnings due to certain financial assets and liabilities held at fair value; stronger competition; insufficient allowance for credit losses; a higher level of net loan charge-offs and delinquencies than anticipated; material adverse changes in the Bank’s operations or earnings; a decline in the economy in our primary market areas; changes in relationships with major customers; changes in effective income tax rates; higher or lower cash flow levels than anticipated; inability to hire or retain qualified employees; a decline in the levels of deposits or loss of alternate funding sources; a decrease in loan origination volume; changes in laws and regulations, including issues related to compliance with anti-money laundering and the bank secrecy act laws; adoption, interpretation and implementation of new or current financial or regulatory  accounting pronouncements; operational risks, including our ability to fund the loans in our pipeline; the risk of fraud by employees and customers; the inability to successfully implement new lines of business or new products and services; and other factors, many of which are beyond the Bank's control. The words “may”, “could”, “should”, “would”, “believe”, “anticipate”, “continue”, “estimate”, “expect”, “intend”, “plan”, “will”, “project”, “take” and similar expressions are intended to identify forward-looking statements. All such statements are made in good faith by the Bank pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The Bank does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Bank.