NEWS RELEASE

Major Capital Investment In CenterBank of Jacksonville Completed

JACKSONVILLE, FL – December 1, 2008 - CenterBank of Jacksonville has announced the addition of James C. France as a major investor and partner. The financial transaction was closed on Tuesday, November, 25, adding to the capital base of the privately held community bank.

Mr. France chairs Daytona-based International Speedway Corporation (ISC) and serves as vice chairman of NASCAR.

"We're very excited about adding Jim to our ownership team," said Raymond K. Mason, Jr., CenterBank's president and CEO. "I've known Jim and his family for more than 30 years and am looking forward to having him as a partner. He's been extremely successful with ISC and NASCAR and having him as part of CenterBank positions us for a strong future."

The France family has long-time banking interest in Florida. James C. France's father, William "Bill" France, was a shareholder of American National Bank, of which Mr. Mason was chairman, and the family is a present investor in Winter Park-based Commerce National Bank & Trust.

"We saw this as a wonderful opportunity to work with Raymond and his veteran team at CenterBank," Mr. France said. "With port development activities and the potential of adding an aircraft carrier to the naval base at Mayport, we see Jacksonville as poised for exceptional growth. We're glad to be part of a bank that will help that growth happen."

In addition to the lengthy family ties, Mr. Mason has served as a Director of International Speedway Corporation since 1981.

As a result of this transaction, CenterBank is adding three additional members to its Board of Directors. Included are Jamison C. France (son of James C. France), R. Todd Wilson, Chief Financial Officer of NASCAR, and Guy Colado, President of Commerce National Bank, Winter Park, FL.

SunTrust Robinson Humphrey, Inc. served as financial advisor to James C. France.

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CenterBank, with $200 million in assets, is an employee owned community bank focused on serving small businesses, their principals and employees. The bank is a Preferred SBA Lender and is committed to being the resource for small business and helping those businesses grow and develop. CenterBank provides their customers special services including courier, online banking, bill pay, cash management and ATM fee reimbursements. CenterBank is located in San Marco at 1325 Hendricks Avenue. Contact the bank at 904- 348-3100 or visit online at www.centerbankjax.com.

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