First Capital Bancorp, Inc. Announces a $17.8 Million Rights Offering and the Execution of a Standby Purchase Agreement with Kenneth R. Lehman

First Capital Bancorp, Inc.

announced today that it intends to conduct a $17.8 million rights offering, and that it has entered into a Standby Purchase Agreement with Kenneth R. Lehman, (the "Standby Purchaser") to facilitate the offering. First Capital Bancorp intends to commence the rights offering during the first quarter of 2012. In the rights offering, First Capital Bancorp will offer for sale 8.9 million units for a price of $2.00 per unit, to stockholders as of a to-be determined future record date. Each unit will consist of one share of common stock, and a warrant to purchase one-half of a share of common stock for $2.00 per whole share. For each share of common stock held as of the record date, a stockholder will receive a nontransferable right to subscribe for up to three units in the offering (the "Basic Subscription Privilege"). Stockholders who exercise their Basic Subscription Privilege in full will have the opportunity to purchase units that are not purchased by other stockholders who exercise their Basic Subscription Privilege and by the Standby Purchaser.