Capital Bank Financial Corp. Announces Pricing of Its Initial Public Offering

CORAL GABLES, FL--(Marketwire - Sep 20, 2012) - Capital Bank Financial Corp. (NASDAQ: CBF) ("Capital Bank Financial"), formerly known as North American Financial Holdings, Inc., a North Carolina-based national bank holding company, today announced the pricing of its initial public offering of 10,000,000 shares of Class A common stock at $18.00 per share. Capital Bank Financial is selling 5,681,818 shares and certain of its stockholders are selling 4,318,182 shares. The shares of Class A common stock are expected to begin trading on The NASDAQ Global Select Market on September 20, 2012 under the symbol "CBF." The underwriters have a 30-day option to purchase from the selling stockholders up to an additional 1,500,000 shares of Class A common stock, on the same terms and conditions, to cover over-allotments, if any. The offering is expected to close on September 25, 2012.

Capital Bank Financial will not receive any proceeds from the sale of shares by the selling stockholders. Capital Bank Financial intends to use its net proceeds from the offering for general corporate purposes.

Credit Suisse Securities (USA) LLC, BofA Merrill Lynch, Goldman, Sachs & Co., Barclays and FBR are acting as joint book-running managers of the offering. Keefe, Bruyette & Woods and Sandler, O'Neill + Partners, L.P. are acting as co-managers of the offering. The offering will be made only by means of a prospectus. When available, copies of the final prospectus relating to the offering may be obtained by contacting Credit Suisse Securities (USA) LLC, One Madison Avenue, New York, NY 10010, Attention: Prospectus Department, emailing newyork.prospectus@credit-suisse.com or calling 1-800-221-1037, or BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attention: Prospectus Department or emailing dg.prospectus_requests@baml.com.

A registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Capital Bank Financial Corp.

Capital Bank Financial is a national bank holding company that was incorporated in the State of Delaware in 2009. Capital Bank Financial has raised approximately $900 million of equity capital with the goal of creating a regional banking franchise in the southeastern region of the United States. Capital Bank Financial has previously invested in First National Bank of the South, MetroBank of Dade Country, Turnberry Bank, TIB Financial Corp., Capital Bank Corporation and Green Bankshares, Inc. Capital Bank Financial is the parent of Capital Bank, National Association, a national banking association with approximately $6.3 billion in total assets and 143 full-service banking offices throughout southern Florida and the Florida Keys, North Carolina, South Carolina, Tennessee and Virginia. Capital Bank Financial is also the parent company of Naples Capital Advisors, Inc., a registered investment advisor.