Capital Crossing Bank Announces Increase to 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 $15.0 million. As of June 24, 2005 the Bank now
may repurchase up to approximately $15.2 million of its common stock
in the open market or in privately negotiated transactions, subject to
regulatory considerations, through June 24, 2006. This increase to the
repurchase program has been approved by the Bank's Board of Directors
and regulatory authorities.
   The Bank continues to repurchase shares of its common stock under
its common stock repurchase program during the second quarter of 2005.
As of June 24, 2005, the Bank had repurchased 6,584,918 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, 2005. 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.