CAPITAL G BANK LIMITED AND FIRST BERMUDA GROUP LTD. ANNOUNCE OFFICIAL AMALGAMATION

HAMILTON, BERMUDA – TUESDAY, JANUARY 4, 2011 – Capital G Bank Limited (Capital G) and First Bermuda Group Ltd. (FBG) are pleased to announce the formal amalgamation, effective today, January 4, 2011, between FBG and Capital G Holding Company Ltd. The agreement to amalgamate was signed on December 21, 2010 and subsequently approved by the FBG shareholders on December 30, 2010, creating Bermuda’s largest privately-held full service bank and deposit taking company with combined deposits in excess of $1.4 billion, a loan portfolio of $970 million and a team of more than 200 employees.

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