Section 302 Certification  (Michael G. Todd)


I, Michael G. Todd, certify that:


1.     I have  reviewed  this  annual  report on Form  10-KSB of  Capitol  First
       Corporation;  2.  Based on my  knowledge,  this  annual  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 annual report;

3.     Based on my knowledge,  the  financial  statements,  and other  financial
       information  included  in  this  annual  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
       annual report;

4.     The  registrant's  other  certifying  officers and I are  responsible for
       establishing  and  maintaining  disclosure  controls and  procedures  (as
       defined in Exchange Act Rules 13a-14 and 15d-14) for the  registrant  and
       have:

   a)  designed such disclosure  controls and procedures 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  annual  report is being
       prepared;

   b)  evaluated the effectiveness of the registrant's  disclosure  controls and
       procedures  as of a date  within 90 days prior to the filing date of this
       annual report (the "Evaluation Date"); and

   c)  presented in this annual report our conclusions  about the  effectiveness
       of the disclosure  controls and procedures  based on our evaluation as of
       the Evaluation Date;

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

   a)  all  significant  deficiencies  in the design or  operation  of  internal
       controls which could adversely affect the registrant's ability to record,
       process,  summarize and report financial data and have identified for the
       registrant's auditors any material weaknesses in internal controls; and

   b)  any fraud,  whether or not material,  that  involves  management or other
       employees  who  have a  significant  role  in the  registrant's  internal
       controls; and



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6.     The registrant's  other certifying  officers and I have indicated in this
       annual report whether or not there were  significant  changes in internal
       controls or in other  factors that could  significantly  affect  internal
       controls subsequent to the date of our most recent evaluation,  including
       any  corrective  actions  with  regard to  significant  deficiencies  and
       material weaknesses.

Date: January 13, 2004

                                             By:  /s/ Michael G. Todd
                                                  -----------------------------
                                                  Michael G. Todd
                                                  President and Chief Executive
                                                  Officer