Cape Fear Bank (CAPE) 8-K Departure of Directors or Principal Officers

Exhibit 10.1

2007 Base Salary Rates; 2006 Cash Bonus Amounts

The following table lists 2007 base salary rates and 2006 cash bonus amounts for our executive officers named below.

Name and Title	2007 Base Salary Rate		2006 Cash Bonus Amount
Cameron Coburn Chairman, President and Chief Executive Officer	$	250,000	$	100,000
Larry W. Flowers Executive Vice President and Chief Credit Officer		130,000		50,000
Betty V. Norris Senior Vice President and Chief Financial Officer		150,000		50,000
Lynn M. Burney Senior Vice President and Chief Operations Officer		135,000		50,000
A. Mark Tyler Senior Vice President and Business Banking Manager		130,000		30,000
R. James MacLaren Senior Vice President and Credit Administrator		130,000		25,000