First Capital Bank announced that it has converted from a North Carolina state-chartered bank to a South Carolina state-chartered bank and relocated its headquarters to 304 Meeting Street, Charleston, South Carolina. The Bank remains a subsidiary of First Capital Bancshares, Inc., which is also headquartered in Charleston. The Bank operates three banking centers in the Charleston, South Carolina, region including locations in downtown Charleston, Summerville, and a newly opened office in Mount Pleasant.

The conversion to a South Carolina state-chartered bank and headquarters relocation will have no effect on the Bank's customers. Deposits will continue to be insured by the Federal Deposit Insurance Corporation to the fullest extent permitted by law. Following the charter conversion, the South Carolina Office of the Commissioner of Banking and the FDIC are now the Bank's primary regulators.

The Bank's holding company, First Capital Bancshares, Inc., continues to be regulated by the Federal Reserve following the charter conversion.