August 2, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Capital Bank Corporation (NASDAQ: CBKN), the parent company of Capital Bank, said it plans to launch a public offering of 34.5 million shares of its common stock. FIG Partners, LLC will act as sole book-runner and lead manager.

Capital Bank said it will use the proceeds for general corporate purposes, including to strengthen the capital of Capital Bank and to support the company's strategic growth opportunities in the future.

North Carolina-based Capital Bank operates 32 banking offices in Asheville, Burlington, Cary, Clayton, Fayetteville, Graham, Hickory, Holly Springs, Mebane, Morrisville, Oxford, Pittsboro, Raleigh, Sanford, Siler City, Wake Forest and Zebulon North Carolina.

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