As of March 31, 2010, MetroBank had $442.3 million in assets with $391.3 million in deposits. Turnberry Bank had $263.9 million in assets with $196.9 million in deposits. First National had $682.0 million in assets and deposits totalling $610.1 million. Capital Bank On December 16, 2010, shareholders of Raleigh, North Carolina-based Capital Bank approved selling a majority interest to NAFH, which would buy newly issued stock rather than stock from existing shareholders. Capital Bank began in 1997 as the Triangle's first new bank in eight years, after raising $26 million, the most for a new bank in the state's history. By 2005, after expansion and buying other banks, Capital had $915 million in assets, and by 2010, assets had reached $1.7 billion. The Late-2000s recession hurt Capital, and regulators expected the bank to act. At one time, selling new stock was considered. Finally, Capital chose to accept help from NAFH. The deal originally depended on NAFH being able to get a 50 percent discount on preferred stock and warrants held by the U.S. Treasury as a result of the federal stimulus. However, in a January 18, 2011 interview, Capital CEO Grant Yarber said the federal government would get all its money back. On January 28, 2011, NAFH completed its $181 million deal for 85 percent of Capital. NAFH CEO Gene Taylor became CEO of Capital, replacing Yarber, whose new title was market president for North Carolina. All NAFH-owned banks continued to operate separately but the company announced its intention to re-brand the banks as Capital Bank. Capital had 32 branches before the deal, but after adding the four other NAFH banks, the total was 84. Capital kept its Raleigh headquarters. When the deal was closed, North American's banks had more than $5 billion in assets, placing them among the nations top 125 banks. Late in April 2011, NAFH applied to the Comptroller of the Currency for a merger of all of the banks into NAFH National Bank, a nationally chartered bank which operates as Capital Bank, National Association. The Capital Bank headquarters then relocated from Raleigh's Capital Bank Plaza, where it moved in 2006, to Miami, Florida. Raleigh would still have such operations as technology and loan processing at what CFO Christopher Marshall described as the "working headquarters". The headquarters change put Capital in the Federal Reserve Bank's Atlanta, Georgia territory, though this made the merger easier because as a