JOINT FILING AGREEMENT

EXHIBIT 1

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D (including amendments thereto) with respect to the Common Stock of Cape Fear Bank Corp. and further agree that this Joint Filing Agreement (the “Agreement”) be included as an exhibit to such joint filing. In evidence thereof, the undersigned, being duly authorized, hereby execute this Agreement this October 3, 2007. The Agreement may be executed in two or more counterparts, any one of which need not contain the signatures of more than one party, but all such parts taken together will constitute a part of this Agreement.

Date: October 3, 2007.	By:	/s/ Xxxxxxx X. Xxxxx
		Xxxxxxx X. Xxxxx, Individually
Date: October 3, 2007.	By:	/s/ Xxxxxxx X. Xxxxx
		Xxxxxxx X. Xxxxx, Trustee of the Xxxxxxx and
		Xxx Xxxxx Charitable Trust
Date: October 3, 2007.	By:	/s/ Xxxxxxx X. Xxxxx
		Xxxxxxx X. Xxxxx, Chairman of the Board of
		the Xxxxxxx X. Xxxxx Foundation, Inc.