Miami, Florida – January 18, 2007 – CP Capital Group today announced the acquisition of Security Bank, N.A. through CP Capital Bancorp, financed through a $30,000,000 private placement by CP Capital Securities. While the management and name of Security Bank—based in North Lauderdale—will remain in tact, significant expansion is planned.

"We feel that Security Bank is in an excellent position to grow," said Harold Connell, CP Capital Group chairman. "The addition of real estate lending, and the inclusion of bank services in South Florida to local residents who are natives of Latin America lends itself to that growth."

On January 17, Connell was elected by the board as chairman and CEO of Security, which has about $120 million in assets and operates six South Florida branches.

Manuel Fernandez, former CEO, will remain as Security's president and chief operating officer. He assumes the title of vice chairman at Security. According to Fernandez, all of Security's nearly 50 employees will keep their jobs.

Providing a comprehensive portfolio of banking products, the South Florida bank has an established suite of international banking services which are extended to a large client base in Latin America and the Caribbean. Security's net income for the first three quarters of 2006 was $972,000 with an annualized return on assets of 1.12 percent. 1 percent is typically regarded as the benchmark for strong earnings in the industry.

"Part of our immediate expansion effort is to initiate plans to add several offices in South Florida, over the next several years," noted Connell.

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About CP Capital Group
CP Capital Group is an integrated financial services company servicing institutional and individual clients worldwide from their headquarters in the Brickell financial district in Miami, Florida. The firm's offerings span from stocks, bonds, mutual funds, hedge funds, currencies, options and futures to company valuations, mortgage financing and real estate. CP Capital Group consists of four distinct companies: CP Capital Securities, CP Capital Financial Advisors, CP Capital Realty, and CP Capital Mortgage.

Press Contact
Gregory Connell
CP Capital Group
(305) 702-5500