Capital Crossing Bank Announces Increase and Extension of Stock Repurchase Program

Capital Crossing Bank (NASDAQ:CAPX) (the "Bank")
announced today that it has increased the amount of its common stock
repurchase program by $10.0 million and extended the repurchase
program until July 11, 2007. As of July 12, 2006, the Bank may spend
up to approximately $11.5 million to repurchase shares of its common
stock on the open market or in privately negotiated transactions,
subject to regulatory considerations. These changes to the repurchase
program have been approved by the Bank's Board of Directors and
regulatory authorities.
   As of July 12, 2006, the Bank had repurchased 7,157,233 shares
under its current repurchase program and previous repurchase programs.
   Capital Crossing Bank is a Massachusetts-chartered, FDIC-insured
trust company with $1.0 billion in assets as of March 31, 2006. The
Bank operates as a commercial bank, providing financial products and
services to customers through its executive and main offices in
Boston, its website at www.capitalcrossing.com, and through its
leasing subsidiary Dolphin Capital Corp. located in Moberly, Missouri.
The Bank is a value oriented investor in whole loans and loan
portfolios generally secured by commercial, multi-family and
one-to-four family residential real estate and other business assets.