8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): November 29, 2007

CAPITAL BANK CORPORATION

(Exact name of registrant as specified in its charter)

North Carolina	000-30062	56-2101930
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(IRS Employer Identification Number)

333 Fayetteville Street, Suite 700

Raleigh, North Carolina 27601

(Address of principal executive offices)

 (919) 645-6400

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

£ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

£ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

£ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

£ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 29, 2007, A. Christine Baker notified Capital Bank Corporation (the “Company”) of her intention to retire from all positions she holds with the Company and Capital Bank, the Company’s banking subsidiary (the “Bank”). Since January 2006, Ms. Baker has served as the Company’s Executive Vice President and Chief Financial Officer.

On December 3, 2007, the Company issued a press release announcing the appointment of Michael Moore as Chief Financial Officer of the Company and the Bank. Mr. Moore will replace Ms. Baker and assume her duties effective immediately. Ms. Baker plans to continue with the Company until December 31, 2007 to assist in the transition. The Company’s press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.

Prior to joining the Company, Mr. Moore, age 50, served seven years as Senior Vice President for Funds Management at Sky Financial Group, Inc. in Bowling Green, Ohio. Before that, Mr. Moore held leadership positions with community and regional banks in Ohio, Michigan and Indiana. Mr. Moore is a graduate of Valparaiso University.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Description of Document
Exhibit 99.1	Press release dated December 3, 2007

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Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: December 3, 2007	CAPITAL BANK CORPORATION
	By: /s/ B. Grant Yarber
	B. Grant Yarber
	Chief Executive Officer

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Exhibit Index

Exhibit No.	Description of Document
Exhibit 99.1	Press release dated December 3, 2007

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EX-99.1

Exhibit 99.1

CONTACT:

B. Grant Yarber

President and Chief Executive Officer

Phone: (919) 645-3494

Email: gyarber@capitalbank-nc.com

FOR IMMEDIATE RELEASE

Capital Bank Appoints Michael Moore Chief Financial Officer

Banking veteran brings wealth of experience to Raleigh-based bank

Raleigh, N.C. – December 3, 2007– Capital Bank Corporation (Nasdaq: CBKN), 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.”

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), Greensboro, Hickory, Mebane, Morrisville, Oxford, Pittsboro, Raleigh (5), Sanford (3), Siler City, and Wake Forest. The company’s website is www.capitalbank-nc.com.

Information in this press release contains forward-looking statements. These statements involve risks and uncertainties that could cause actual results to differ materially, including without limitation, the effects of future economic conditions, governmental fiscal and monetary policies, legislative and regulatory changes, the risks of changes in interest rates, and the effects of competition. Additional factors that could cause actual results to differ materially are discussed in Capital Bank Corporation’s filings with the Securities and Exchange Commission, including without limitation its Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K. Capital Bank Corporation does not undertake a duty to update any forward-looking statements in this press release.

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