Atlantic Bank Announces Corporate Name Change to Capital Crossing Bank - Nasdaq:CAPX.

BOSTON--(BUSINESS WIRE)--Sept. 2, 1999--

In connection with the implementation of its long-term internet banking initiative, Atlantic Bank and Trust Company, formerly trading on Nasdaq as ATLB, today announced that it has changed its corporate name to Capital Crossing Bank. Effective immediately, the Bank's shares will continue to be listed on Nasdaq under the new ticker symbol (NASDAQ:CAPX). The Bank also announced that it has acquired the Internet domain name capitalcrossing.com and that its web site is on schedule to be operational in late September. There has been no change in Bank ownership or corporate structure associated with the change in name. The name change was approved at a Special Meeting of Stockholders held on September 1, 1999.

Nicholas W. Lazares, Chairman and Co-Chief Executive Officer and Richard Wayne, President and Co-Chief Executive Officer noted that the impending launch of its Internet banking strategy presents exciting new opportunities for the Bank and for the way its customers do their banking. They further noted that the name Capital Crossing Bank provides the Bank with a unique corporate name and identity and symbolizes its entry into the exciting arena of Internet banking.

Capital Crossing Bank is a Massachusetts-chartered, FDIC-insured trust company that operates as a commercial bank. The Bank conducts business from its executive and main offices in downtown Boston, a branch in Chestnut Hill, Massachusetts, and through its leasing subsidiary Dolphin Capital Corp. ("Dolphin"), located in Moberly, Missouri. The Bank concentrates on selected business lines intended to produce high-yielding assets, and funds these business lines by utilizing a deposit gathering platform without a traditional branch infrastructure. The Bank's primary business line is the purchase of whole loans generally at a discount from their outstanding principal balances, which loans are secured primarily by commercial real estate and multi-family and one-to-four family residential real estate. Dolphin provides lease financing of small-ticket business equipment for small businesses and individuals.

Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risk and uncertainties. The Bank's actual results could differ materially from forward-looking statements. Factors which could cause such differences include the Bank's ability to successfully complete its Internet banking strategy and the continued growth in use and commercial viability of the Internet, as well as, those other factors described under the caption "Risk Factors" in the Bank's most recent Offering Circular dated July 29, 1999 as filed on Form 8K with the Federal Deposit Insurance Corporation.