First Capital Bancshares Inc. announced that Charles O. Rivers stepped down as chief executive officer and was succeeded by Frank J. Cole Jr., who has extensive bank management experience and tremendous local knowledge. Rivers will remain with First Capital as the North Carolina market president. Aaron Brewer joined the Bank as its President, he was city executive for TD Bank in Charleston.

In addition, Matt Simpson joined the Bank as vice president and chief credit officer, most recently he served as a senior relationship manager with TD Bank in Charleston, where his primary responsibilities were business acquisition and client retention. Paul F. Rush, John H. Covington, Robert G. Dowdy, Joe D. Manis, and Charles O. Rivers stepped down from the First Capital Bancshares board of directors and were succeeded by Harvey L. Glick; Frank J. Cole Jr.; John D. Russ; John B. McCoy; Raymond N. DuBois, MD, PhD; Julius "Jules" Anderson Jr; Michael C. Robinson; and, Barry A. Emerson. Rivers will continue to serve on the First Capital Bank Board of Directors, while James W. Mason III will step down from the Bank's board of directors and remain on the Company's board.

H. Lee Howell Jr. will remain on both the company and Bank boards.