<SEC-DOCUMENT>0000726601-14-000004.txt : 20140227
<SEC-HEADER>0000726601-14-000004.hdr.sgml : 20140227
<ACCEPTANCE-DATETIME>20140227170009
ACCESSION NUMBER:		0000726601-14-000004
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20140227
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20140227
DATE AS OF CHANGE:		20140227

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CAPITAL CITY BANK GROUP INC
		CENTRAL INDEX KEY:			0000726601
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				592273542
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-13358
		FILM NUMBER:		14649933

	BUSINESS ADDRESS:	
		STREET 1:		217 N MONROE ST
		CITY:			TALLAHASSEE
		STATE:			FL
		ZIP:			32301
		BUSINESS PHONE:		8506710300

	MAIL ADDRESS:	
		STREET 1:		PO BOX 11248
		CITY:			TALLAHASSEE
		STATE:			FL
		ZIP:			32302-3248
</SEC-HEADER>
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<TYPE>8-K
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<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">UNITED STATES</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">WASHINGTON, DC 20549</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center">____________________</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center">FORM 8-K</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">CURRENT REPORT</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Pursuant to Section 13 or 15(d) of the</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 42pt; text-align: center">Securities Exchange Act of 1934</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 42pt; text-align: center">Date of Report (Date of earliest
event reported): <FONT STYLE="font-weight: normal"><U>February 27, 2014</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>CAPITAL CITY BANK GROUP, INC.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">(Exact name of registrant as specified
in its charter)</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">Florida</P></TD>
    <TD STYLE="width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 31%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">0-13358</P></TD>
    <TD STYLE="width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 27%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">59-2273542</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(State of Incorporation)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Commission File Number)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(IRS Employer Identification No.)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25in 0 0; text-align: center; border-bottom: Black 0.5pt solid">217
        North Monroe Street, Tallahassee, Florida</P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25in 0 0; text-align: center; border-bottom: Black 0.5pt solid">32301</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center">(Address of principal executive offices)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: center">(Zip Code)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: center">Registrant&rsquo;s telephone number, including
area code: <U>(850) 671-0300</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">___________________________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">(Former Name or Former Address, if Changed
Since Last Report)</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
(see General Instruction A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>&#9;Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>&#9;Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>&#9;Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>&#9;Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">CAPITAL CITY BANK GROUP, INC.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">FORM 8-K</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center">CURRENT REPORT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>Item 7.01.&#9;Regulation FD
Disclosure.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">On February 27,
2014, Capital City Bank Group, Inc. (the &ldquo;Company&rdquo;) issued a press release announcing that its Board of Directors approved
(i) the reinstatement of a quarterly cash dividend and (ii) a new stock repurchase program. The Board declared a cash dividend
of $0.02 per common share, payable on March 24, 2014 to shareholders of record as of the close of business on March 10, 2014. Additionally,
the press release announced that the Board terminated the Company&rsquo;s existing stock repurchase program and approved a new
repurchase program. A copy of the press release is attached as Exhibit 99.1 to this Current Report and is incorporated by reference
herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The information
furnished under Item 7.01 of this Current Report shall not be deemed &ldquo;filed&rdquo; for purposes of Section 18 of the Securities
Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as
shall be expressly set forth by specific reference in such filing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>Item 8.01. Other Events.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">On February 27,
2014, the Company terminated its existing stock repurchase program and approved a new repurchase program, effective immediately.
Under the new stock repurchase program, the Company is authorized to repurchase up to 1.5 million shares of its common stock over
the next five years. Shares may be repurchased by the Company from time to time in the open market or through private transactions,
as market conditions warrant. However, the new stock repurchase program does not obligate the Company to repurchase any specified
number of shares of its common stock. The Company&rsquo;s new stock repurchase program will expire on February 27, 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>Item 9.01. Financial Statements and Exhibits.</B></P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 72px; font: 10pt Times New Roman, Times, Serif; text-align: center"><B>&nbsp;(d)</B></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><B><I>Exhibits</I>.</B></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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    <TD STYLE="width: 2%; font: 10pt Times New Roman, Times, Serif; text-align: right">99.1&nbsp;</TD>
    <TD STYLE="width: 98%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 17.4pt; text-align: justify">Press Release, dated February 27,
        2014, announcing payment of a quarterly cash dividend and approval of a stock repurchase program.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 17.4pt">&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B><U>Forward Looking Statements</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in; text-align: justify">Forward-looking statements in this Form
8-K are based on current plans and expectations that are subject to uncertainties and risks, which could cause the Company&rsquo;s
future results to differ materially.&nbsp;The following factors, among others, could cause the Company&rsquo;s actual results to
differ: the adequacy of our cash flow and earnings and other conditions that may affect our ability to pay our quarterly dividend
at the planned level or repurchase share of our common stock; volatility of our stock price; future decisions of the Company&rsquo;s
Board of Directors to continue payments to shareowners in the form of a dividend on a quarterly or other basis relative to alternative
uses of funds; future decisions by the Company&rsquo;s Board of directors to repurchase shares of common stock relative to alternative
uses of funds; the accuracy of the Company&rsquo;s financial statement estimates and assumptions, including the estimate used for
the Company&rsquo;s loan loss provision and deferred tax valuation allowance; legislative or regulatory changes, including the
Dodd-Frank Act and Basel III; the strength of the U.S. economy and the local economies where the Company conducts operations; the
frequency and magnitude of foreclosure of the Company&rsquo;s loans; restrictions on our operations; the effects of the Company&rsquo;s
lack of a diversified loan portfolio, including the risks of geographic and industry concentrations; harsh weather conditions and
man-made disasters; fluctuations in inflation, interest rates, or monetary policies; changes in the stock market and other capital
and real estate markets; customer acceptance of third-party products and services;&nbsp;increased competition and its effect on
pricing, including the long-term impact on our net interest margin from the repeal of Regulation Q; negative publicity and the
impact on our reputation;&nbsp;technological changes, especially changes that allow out of market competitors to compete in our
markets;&nbsp;the effects of security breaches and computer viruses that may affect the Company&rsquo;s computer systems; the Company&rsquo;s
need and our ability to incur additional debt or equity financing; a decrease to the market value of the Company that could result
in an impairment of goodwill; changes in consumer spending and savings habits; the Company&rsquo;s growth and profitability;&nbsp;changes
in accounting; and the Company&rsquo;s ability to manage the risks involved in the foregoing.&nbsp;Additional factors can be found
in the Company&rsquo;s Annual Report on Form 10-K for the fiscal year ended December 31, 2012, and the Company&rsquo;s other filings
with the SEC, which are available at the SEC&rsquo;s internet site (http://www.sec.gov).&nbsp;Forward-looking statements in this
Form 8-K speak only as of the date hereof, and the Company assumes no obligation to update forward-looking statements or the reasons
why actual results could differ.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">SIGNATURES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>CAPITAL CITY BANK GROUP, INC.</B></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 33%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 33%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Date:&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1px solid">February 27, 2014</TD>
    <TD>&nbsp;</TD>
    <TD>By:&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1px solid">/s/ J. Kimbrough Davis</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>J. Kimbrough Davis,</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Executive Vice President</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>and Chief Financial Officer</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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<TR>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 95%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid" nowrap><B>Exhibit</B><BR>
<B>Number&nbsp;</B></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-bottom: 0.85pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Description</B></TD></TR>
<TR>
    <TD STYLE="padding-right: -17pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="padding-left: 4.5pt">99.1</TD>
    <TD STYLE="padding-left: 17.4pt; text-align: justify">Press Release, dated February 27, 2014, announcing payment of a quarterly cash dividend and approval of a stock repurchase program.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">CAPITAL CITY BANK GROUP, INC. ANNOUNCES QUARTERLY CASH DIVIDEND
AND STOCK REPURCHASE PROGRAM</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">TALLAHASSEE, Fla., February 27, 2014 -- Capital City Bank Group,
Inc. (NASDAQ: CCBG) announced today that its Board of Directors approved the reinstatement of a quarterly cash dividend as well
as a new stock repurchase program. The Board declared a cash dividend of $0.02 per common share. The dividend is payable on March
24, 2014, to shareowners of record at the close of business on March 10, 2014. This is the first dividend declared since quarterly
cash dividends were suspended in the fourth quarter of 2011.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&quot;The announcement of this dividend is supported by significant
improvement in our financial performance,&quot; said William G. Smith, Chairman, President, and CEO of Capital City Bank Group.
&quot;Throughout the economic downturn, we remained focused on preserving our capital, and we are proud of the fact we were able
to manage through this cycle without taking TARP or raising any additional capital. Given our profitability over the last six quarters,
we are reinstating a dividend and rewarding our shareowners for their continued loyalty and support.&quot;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Under the newly approved stock repurchase program, the company
is authorized to repurchase up to 1.5 million shares of its common stock over the next five years, from time to time, in the open
market or through private transactions, as market conditions warrant. However, the new stock repurchase program does not obligate
the Company to repurchase any specified number of shares of its common stock. Currently, the company has approximately 17.4 million
shares of common stock issued and outstanding. In connection with the approval of the new stock repurchase program, the Board terminated
the company&rsquo;s existing stock repurchase program.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0"><B>About Capital City Bank Group, Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0">Capital City Bank Group, Inc. (Nasdaq:CCBG)
is one of the largest publicly traded bank holding companies headquartered in Florida and has approximately $2.6 billion in assets.&nbsp;The
Company provides a full range of banking services, including traditional deposit and credit services, asset management, trust,
mortgage banking, merchant services, bankcards, data processing and securities brokerage services.&nbsp;The Company's bank subsidiary,
Capital City Bank, was founded in 1895 and now has 63 full-service offices and 71 ATMs in Florida, Georgia and Alabama.&nbsp;For
more information about Capital City Bank Group, Inc., visit www.ccbg.com.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0"><B>FORWARD-LOOKING STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0">Forward-looking statements in this Press
Release are based on current plans and expectations that are subject to uncertainties and risks, which could cause the Company&rsquo;s
future results to differ materially.&nbsp;The following factors, among others, could cause the Company&rsquo;s actual results
to differ: the adequacy of our cash flow and earnings and other conditions that may affect our ability to pay our quarterly dividend
at the planned level or repurchase share of our common stock; volatility of our stock price; future decisions of the Company&rsquo;s
Board of Directors to continue payments to shareowners in the form of a dividend on a quarterly or other basis relative to alternative
uses of funds; future decisions by the Company&rsquo;s Board of directors to repurchase shares of common stock relative to alternative
uses of funds; the accuracy of the Company&rsquo;s financial statement estimates and assumptions, including the estimate used
for the Company&rsquo;s loan loss provision and deferred tax valuation allowance; legislative or regulatory changes, including
the Dodd-Frank Act and Basel III; the strength of the U.S. economy and the local economies where the Company conducts operations;
the frequency and magnitude of foreclosure of the Company&rsquo;s loans; restrictions on our operations; the effects of the Company&rsquo;s
lack of a diversified loan portfolio, including the risks of geographic and industry concentrations; harsh weather conditions
and man-made disasters; fluctuations in inflation, interest rates, or monetary policies; changes in the stock market and other
capital and real estate markets; customer acceptance of third-party products and services;&nbsp;increased competition and its
effect on pricing, including the long-term impact on our net interest margin from the repeal of Regulation Q; negative publicity
and the impact on our reputation;&nbsp;technological changes, especially changes that allow out of market competitors to compete
in our markets;&nbsp;the effects of security breaches and computer viruses that may affect the Company&rsquo;s computer systems;
the Company&rsquo;s need and our ability to incur additional debt or equity financing; a decrease to the market value of the Company
that could result in an impairment of goodwill; changes in consumer spending and savings habits; the Company&rsquo;s growth and
profitability;&nbsp;changes in accounting; and the Company&rsquo;s ability to manage the risks involved in the foregoing.&nbsp;Additional
factors can be found in the Company&rsquo;s Annual Report on Form 10-K for the fiscal year ended December 31, 2012, and the Company&rsquo;s
other filings with the SEC, which are available at the SEC&rsquo;s internet site (http://www.sec.gov).&nbsp;Forward-looking statements
in this Press Release speak only as of the date of this Press Release, and the Company assumes no obligation to update forward-looking
statements or the reasons why actual results could differ.</P>

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