EXHIBIT 99.1

For Immediate Release



                               FIRST CAPITAL, INC.
                        ANNOUNCES DATE OF ANNUAL MEETING

      BUSINESS WIRE: January 10, 2003,  Corydon,  Indiana - First Capital,  Inc.
(Nasdaq SmallCap  Market:  FCAP) today announced that the  Corporation's  annual
meeting of stockholders will be held on Wednesday, April 23, 2003.

      First Capital,  Inc. is the holding company for First Harrison Bank. First
Harrison  operates  nine full  service  offices in the  Indiana  communities  of
Corydon, New Salisbury, Palmyra, Crandall, Georgetown,  Hardinsburg,  Greenville
and New Albany  that  provide  deposit  and lending  services  to  customers  in
southeastern Indiana.

Contact:    M. Chris Frederick - Senior Vice President, Chief Financial Officer
            First Capital, Inc.
            200 Federal Drive, N.W.
            Corydon, Indiana 47112
            (812) 738-2198, ext. 234