Press Release

Capital Pacific Bank CEO Mark Stevenson is Elected Director of Oregon Bankers Association

09/10/2009

Contact:
Christie Nye
Public Relations & Marketing
(503) 806-3029

September 10, 2009, PORTLAND, Ore. — Mark Stevenson, CEO of Capital Pacific Bancorp ( OTC: CPBO.OB ), was recently elected a Director by the membership of the Oregon Bankers Association during its annual meeting.

“Our membership has elected some of Oregon’s best and brightest executives to serve on the OBA board,” said Linda W. Navarro, president and chief executive officer of the OBA. “The insight, experience and leadership of these elected officials will be invaluable to the OBA and the Oregon banking community in the year ahead.”

The Oregon Bankers Association was established in 1905 as the only full-service trade association representing state and national commercial banks, thrifts and savings banks chartered to do business in Oregon.

“I’m honored to have been elected to serve as a Director of such a well-respected organization,” said Stevenson. “As a member of OBA, Capital Pacific Bank is committed to the idea that we can accomplish more for the industry and the needs of Oregonians by bringing banking leaders together to share thoughts and experiences, then act upon them. I’m looking forward to contributing in any way I can.”

About Capital Pacific Bancorp Capital Pacific Bancorp ( OTC: CPBO.OB ) is the parent company of Capital Pacific Bank, which serves businesses, professionals and nonprofit organizations with comprehensive business banking expertise and an elite level of service. Headquartered in the Fox Tower in downtown Portland, the bank's full array of products and services are delivered through a strategic combination of highly experienced client service officers and the innovative application of technology.

Forward looking statements Statements in this release about future events or performance are forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results of the company to be materially different from any future results expressed or implied by such forward-looking statements. Factors that could affect future results include changes in the financial condition of our borrowers, lack of deposit growth, changes in economic conditions generally, deteriorating asset values caused by changing market conditions, loan losses that exceed our allowance for loan losses and fluctuations in interest rates and the impact those factors may have upon the company and the clients of the company. Other factors include competition for loans and deposits within the company’s trade area, and the impact that may have upon growth or income. Although forward-looking statements help to provide complete information about the company, readers should keep in mind that forward-looking statements may be less reliable than historical information. The company undertakes no obligation to update or revise forward-looking statements in this release to reflect events or changes in circumstances that occur after the date of this release.

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