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: August 11, 2003
      ________________




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