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      SunTrust puts investment into Capitol City Bank

      From a press release issued by Capitol City Bank:SunTrust Banks, Inc. has made a commitment to provide up to a $4 million investment to Capitol City Bank & Trust Company, of which $1 million has already been funded. Capitol City Bank has a branch office in Albany; John Hayes is the Vice President and Regional Manager. This investment is an example of one hometown bank providing assistance to another, said George Andrews, President and CEO of Capitol City. SunTrust Bank and Capitol City Bank & Trust Company are community partners. When one partner is in need, the other partner steps up to the plate

      Capitol City Bank & Trust Company has always had an aggressive approach to raising capital in order to strengthen its balance sheet. Efforts were increased in 2011 in order to satisfy federal regulatory requirements to raise its capital level and to reduce the impact made on the bank from nonperforming assets and customers who were hit with hard times. While the SunTrust commitment is the largest investment, it has not been the only infusion of capital from other banks and other resources. Wells Fargo made a $600,000 equity investment to Capitol City Bank in 2010 which proved to be invaluable in terms of stabilizing the bank at that critical time when Capitol City Bank was undercapitalized. Wells Fargo Bank continues to be supportive in terms of exploring an additional investment. Capitol City Bank has also received a major commitment from Fifth Third Bank. The Board of Directors of Capitol City Bancshares, Inc. and Capitol City Bank & Trust Company has provided more than $1 million in investments. Community leaders responding to the opportunity to make capital investments include Ali Muhammad; Michael Thurmond (Georgia TMs former Labor Commissioner); Kenneth Chestnut, President & CEO of The IntegralGude; and Cameron Cam Newton, professional football player with the Carolina Panthers , among others.

      Capitol City Bank & Trust Company was organized to serve the minority community of Atlanta; and as the bank grows and expands into other areas of the state, its customer base is becoming more diverse. Capitol City lends to churches, small businesses and individuals who have been one of the hardest hit in the economic downturn. These facts make Capitol City one of the most attractive investments under the Community Reinvestment Act. An investment in Capitol City Bank addresses some of the regulatory requirements under this act.

      George Andrews has built a solid professional career in Atlanta and the State of Georgia as a People TMs Banker. If Capitol City Bank did not have enough capital to survive, our absence from the market place would leave a tremendous void. Small businesses could not take advantage of opportunities for growth without the capital we provide; and without these businesses, there would be a critical loss of jobs in our communities. We made our mark in the communities that we serve through our practices to engage the communities through grass-roots leadership, churches and various start-up businesses, said Andrews. We have been working on building a legacy to bank on.

      Orlando Rambo, Vice President and CFO of Destiny Transportation Group, in Albany (GA), who has been a Capitol City Bank customer since 2002, said, At Destiny Group, we see Capitol City as a partner rather than a lender. Over the years, we have had multiple loans to expand our business and to weather the storm of the economic downturn. Capitol City has helped us to become a more viable business and to serve the Albany community.

      We TMre proud to invest in such a long-standing and important community partner, said William H. Rogers, Jr., Chairman and CEO of SunTrust Banks, Inc. A SunTrust alumni, George Andrews, shares our commitment to serving Atlantans, and we are pleased to support the institution he leads as it works to meet the financial needs of the urban and minority communities in the area.