RALEIGH, N.C., Dec. 3 /PRNewswire-FirstCall/ -- Capital Bank Corporation , the parent company of Capital Bank, today announced that Michael Moore has been appointed as chief financial officer. Moore is a 27- year veteran of the banking industry with extensive experience in community and retail banking.
"Michael Moore is a proven financial manager with the talent to help Capital Bank achieve long-term success in a competitive banking environment," said B. Grant Yarber, president and CEO of Capital Bank. "He is a strong addition to our team and will play a pivotal role in positioning Capital Bank for steady growth in the coming years."
Moore replaces A. Christine Baker, who announced plans to retire at the end of the year. He will assume responsibility for financial reporting, investments, budgeting, investor relations and strategic planning. "We congratulate Chris on her 24-year career in our industry and thank her for two years of service to Capital Bank," said Yarber.
Moore most recently served as Senior Vice President for Funds Management at Sky Financial Group, Inc., an Ohio-based company that ranks as one of the 40 largest publicly-held bank holding companies in the nation based on asset size. Before that, Moore held leadership positions with community and regional banks in Ohio, Michigan and Indiana. He is a graduate of Valparaiso University.
"This is a tremendous opportunity," Moore said. "I am committed to helping Capital Bank build shareholder value while providing exceptional service to the communities we serve."
About Capital Bank
Capital Bank Corporation, headquartered in Raleigh, N.C., with approximately $1.5 billion in total assets, offers a broad range of financial services. Capital Bank operates 26 banking offices in Asheville (3), Burlington (4), Cary, Graham (2), Hickory, Mebane, Morrisville, Oxford, Pittsboro, Raleigh (5), Sanford (3), Siler City, Wake Forest and Zebulon. The company's Web site is http://www.capitalbank-nc.com/.
