Exhibit 31.1

Certificate pursuant to Rule 13a-14(a) or 15d-14(a) of Securities Exchange
Act of 1934 as adopted pursuant to section 302 of Sarbanes-Oxley Act of
2002 - Chief Executive Officer

I, Lewis F. Mallory, Jr., certify that:

1.  I have reviewed this Form 10-Q of NBC Capital Corporation;

2.  Based on my knowledge, this report does not contain any untrue statement
    of a material fact or omit to state a material fact necessary to make
    the statements made, in light of the circumstances under which such
    statements were made, not misleading with respect to the period covered
    by this report;

3.  Based on my knowledge, the financial statements, and other financial
    information included in this report, fairly present in all material
    respects the financial condition, results of operations and cash flows
    of the registrant as of, and for, the periods presented in this report;

4.  The registrant's other certifying officer(s) and I are responsible for
    establishing and maintaining disclosure controls and procedures (as
    defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal
    control over financial reporting (as defined in Exchange Act Rules
    13a-15(f) and 15d-15(f)) for the registrant and have:

     (a) Designed such disclosure controls and procedures, or caused such
         disclosure controls and procedures to be designed under our
         supervision, to ensure that material information relating to the
         registrant, including its consolidated subsidiaries, is made
         known to us by others within those entities, particularly
         during the period in which this report is being prepared;

     (b) Designed such internal control over financial reporting, or
         caused such internal control over financial reporting to be
         designed under our supervision, to provide reasonable assurance
         regarding the reliability of financial reporting and the
         preparation of financial statements for external purposes in
         accordance with generally accepted accounting principles;

     (c) Evaluated the effectiveness of the registrant's disclosure
         controls and procedures and presented in this report our
         conclusions about the effectiveness of the disclosure controls
         and procedures, as of the end of the period covered by this
         report based on such evaluation; and

     (d) Disclosed in this report any change in the registrant's internal
         control over financial reporting that occurred during the
         registrant's most recent fiscal quarter (the registrant's fourth
         fiscal quarter in the case of an annual report) that has
         materially affected, or is reasonably likely to materially
         affect, the registrant's internal control over financial
         reporting; and

5.   The registrant's other certifying officer(s) and I have disclosed,
     based on our most recent evaluation of internal control over
     financial reporting, to the registrant's auditors and the audit
     committee of the registrant's board of directors (or persons
     performing the equivalent functions):

     (a) All significant deficiencies and material weaknesses in the
         design or operation of internal control over financial
         reporting which are reasonably likely to adversely affect the
         registrant's ability to record, process, summarize and report
         financial information; and

     (b) Any fraud, whether or not material, that involves management or
         other employees who have a significant role in the registrant's
         internal control over financial reporting.


Date: November 11, 2003





                                       /s/ Lewis F. Mallory, Jr.
                                       _____________________________
                                       Lewis F. Mallory, Jr.
                                       CEO and Chairman of the Board