CAPX Elkhorn S&P 500 Capital Expenditures Portfolio

Capital Crossing Bank (NASDAQ:CAPX) (the "Bank") will release its second quarter earnings after the market closes on Tuesday, July 19, 2005 and will hold a conference call for investors on Wednesday, July 20, 2005 at 11:00 a.m., Eastern time. The conference call will be broadcast over the investor relations page of the Bank's website at www.capitalcrossing.com. For those who cannot listen to the live broadcast, an audio replay of the call will be available on the website or via telephone at 888-203-1112, access code #7889843. A replay of the call will be available beginning at approximately 2:00 p.m. on July 20, 2005 through midnight on July 26, 2005. 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.