CAPX Elkhorn S&P 500 Capital Expenditures Portfolio

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.