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                                                                    EXHIBIT 10.3


                     FIRST CAPITAL BANK HOLDING CORPORATION

                           1999 STOCK INCENTIVE PLAN

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                     FIRST CAPITAL BANK HOLDING CORPORATION
                           1999 STOCK INCENTIVE PLAN

                               TABLE OF CONTENTS


<TABLE>
<S>                                                                                                             <C>
ARTICLE I    DEFINITIONS..........................................................................................1

ARTICLE II   THE PLAN.............................................................................................4

   2.1    NAME....................................................................................................4
   2.2    PURPOSE.................................................................................................4
   2.3    EFFECTIVE DATE..........................................................................................4

ARTICLE III  PARTICIPANTS.........................................................................................4

ARTICLE IV   ADMINISTRATION.......................................................................................5

   4.1    DUTIES AND POWERS OF THE COMMITTEE......................................................................5
   4.2    INTERPRETATION; RULES...................................................................................5
   4.3    NO LIABILITY............................................................................................5
   4.4    MAJORITY RULE...........................................................................................5
   4.5    COMPANY ASSISTANCE......................................................................................5

ARTICLE V    SHARES OF STOCK SUBJECT TO PLAN......................................................................6

   5.2    ANTIDILUTION............................................................................................6

ARTICLE VI   OPTIONS..............................................................................................7

   6.1    TYPES OF OPTIONS GRANTED................................................................................7
   6.2    OPTION GRANT AND AGREEMENT..............................................................................7
   6.3    OPTIONEE LIMITATIONS....................................................................................7
   6.4    $100,000 LIMITATION.....................................................................................8
   6.5    EXERCISE PRICE..........................................................................................8
   6.6    EXERCISE PERIOD.........................................................................................8
   6.7    OPTION EXERCISE.........................................................................................8
   6.8    RELOAD OPTIONS.........................................................................................10
   6.9    NONTRANSFERABILITY OF OPTION...........................................................................10
   6.10   TERMINATION OF EMPLOYMENT OR SERVICE...................................................................10
   6.11   EMPLOYMENT RIGHTS......................................................................................10
   6.12   CERTAIN SUCCESSOR OPTIONS..............................................................................10
   6.13   EFFECT OF A CORPORATE TRANSACTION......................................................................11
   6.14   FORFEITURE BY ORDER OF REGULATORY AGENCY...............................................................11

ARTICLE VII  STOCK CERTIFICATES..................................................................................11

ARTICLE VIII TERMINATION AND AMENDMENT...........................................................................12

   8.2    EFFECT ON GRANTEE'S RIGHTS.............................................................................12

ARTICLE IX   RELATIONSHIP TO OTHER COMPENSATION PLANS............................................................12

ARTICLE X    MISCELLANEOUS.......................................................................................12

EXHIBIT A TO FIRST CAPITAL BANK HOLDING CORPORATION 1999 STOCK
  INCENTIVE PLAN - FORM OF STOCK OPTION AGREEMENT.................................................................1

SCHEDULE B 6
</TABLE>


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                     FIRST CAPITAL BANK HOLDING CORPORATION
                           1999 STOCK INCENTIVE PLAN

                                   ARTICLE I
                                  DEFINITIONS

         As used herein, the following terms have the following meanings unless
the context clearly indicates to the contrary:

         "Board" shall mean the Board of Directors of the Company.

         "Cause" (i) with respect to the Company or any subsidiary which employs
the recipient of an Option (the "recipient") or for which such recipient
primarily performs services, the commission by the recipient of an act of fraud,
embezzlement, theft or proven dishonesty, or any other illegal act or practice
(whether or not resulting in criminal prosecution or conviction), or any act or
practice which the Committee shall, in good faith, deem to have resulted in the
recipient's becoming unbondable under the Company's or the subsidiary's fidelity
bond; (ii) the willful engaging by the recipient in misconduct which is deemed
by the Committee, in good faith, to be materially injurious to the Company or
any subsidiary, monetarily or otherwise, including, but not limited, improperly
disclosing trade secrets or other confidential or sensitive business information
and data about the Company or any subsidiaries and competing with the Company or
its subsidiaries, or soliciting employees, consultants or customers of the
Company in violation of law or any employment or other agreement to which the
recipient is a party; or (iii) the willful and continued failure or habitual
neglect by the recipient to perform his or her duties with the Company or the
subsidiary substantially in accordance with the operating and personnel policies
and procedures of the Company or the subsidiary generally applicable to all
their employees. For purposes of this Plan, no act or failure to act by the
recipient shall be deemed be "willful" unless done or omitted to be done by
recipient not in good faith and without reasonable belief that the recipient's
action or omission was in the best interest of the Company and/or the
subsidiary. Notwithstanding the foregoing, if the recipient has entered into an
employment agreement that is binding as of the date of employment termination,
and if such employment agreement defines "Cause," then the definition of "Cause"
in such agreement shall apply to the recipient in this Plan. "Cause" under
either (i), (ii) or (iii) shall be determined by the Committee.

         "Code" shall mean the United States Internal Revenue Code of 1986,
including effective date and transition rules (whether or not codified). Any
reference herein to a specific section of the Code shall be deemed to include a
reference to any corresponding provision of future law.

         "Committee" shall mean a committee of at least two Directors appointed
from time to time by the Board, having the duties and authority set forth
herein in addition to any other authority granted by the Board. In selecting
the Committee, the Board shall consider (i) the benefits under Section 162(m)
of the Code of having a Committee composed of "outside directors" (as that term
is defined in the Code) for certain grants of Options to highly compensated
executives, and (ii) the benefits under Rule 16b-3 of having a Committee
composed of either the entire Board or a Committee of at least two Directors
who are Non-Employee Directors for Options granted to or held by any Section 16
Insider. At any time that the Board shall not have appointed a committee as
described above, any reference herein to the Committee shall mean the Board.

         "Company" shall mean First Capital Bank Holding Corporation, a Florida
corporation.

         "Corporate Transaction" shall mean the occurrence of any of the
following events:
<PAGE>   4

                  (i)      a merger or consolidation in which securities
                           possessing more than 50% of the total combined
                           voting power of the Company's outstanding securities
                           are transferred to a person or persons different
                           from the persons holding those securities
                           immediately prior to such transaction;

                  (ii)     the sale, transfer or other disposition of all or
                           substantially all of the Company's assets in
                           complete liquidation or dissolution of the Company;
                           or

                  (iii)    the grant of any bank regulatory approval (or notice
                           of no disapproval) for permission to acquire control
                           of the Company or any of its banking subsidiaries.

         "Director" shall mean a member of the Board and any person who is an
advisory or honorary director of the Company if such person is considered a
director for the purposes of Section 16 of the Exchange Act, as determined by
reference to such Section 16 and to the rules, regulations, judicial decisions,
and interpretative or "no-action" positions with respect thereto of the
Securities and Exchange Commission, as the same may be in effect or set forth
from time to time.

         "Employee" shall mean a person who constitutes an employee of the
Company as such term is defined in the instructions to the Form S-8
Registration Statement under the Securities Act of 1933, and also includes
non-employees to whom an offer of employment has been extended.

         "Exchange Act" shall mean the Securities Exchange Act of 1934. Any
reference herein to a specific section of the Exchange Act shall be deemed to
include a reference to any corresponding provision of future law.

         "Exercise Price" shall mean the price at which an Optionee may
purchase a share of Stock under a Stock Option Agreement.

         "Fair Market Value" on any date shall mean (i) the closing sales price
of the Stock, regular way, on such date on the national securities exchange
having the greatest volume of trading in the Stock during the thirty-day period
preceding the day the value is to be determined or, if such exchange was not
open for trading on such date, the next preceding date on which it was open;
(ii) if the Stock is not traded on any national securities exchange, the
average of the closing high bid and low asked prices of the Stock on the
over-the-counter market on the day such value is to be determined, or in the
absence of closing bids on such day, the closing bids on the next preceding day
on which there were bids; or (iii) if the Stock also is not traded on the
over-the-counter market, the fair market value as determined in good faith by
the Board or the Committee based on such relevant facts as may be available to
the Board, which may include opinions of independent experts, the price at
which recent sales have been made, the book value of the Stock, and the
Company's current and future earnings.

         "Incentive Stock Option" shall mean an option to purchase any stock of
the Company, which complies with and is subject to the terms, limitations and
conditions of Section 422 of the Code and any regulations promulgated with
respect thereto.

         "Non-Employee Director" shall have the meaning set forth in Rule 16b-3
under the Exchange Act, as the same may be in effect from time to time, or in
any successor rule thereto, and shall be determined for all purposes under the
Plan according to interpretative or "no-action" positions with respect thereto
issued by the Securities and Exchange Commission.


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         "Officer" shall mean a person who constitutes an officer of the
Company for the purposes of Section 16 of the Exchange Act, as determined by
reference to such Section 16 and to the rules, regulations, judicial decisions,
and interpretative or "no-action" positions with respect thereto of the
Securities and Exchange Commission, as the same may be in effect or set forth
from time to time.

         "Option" shall mean an option, whether or not an Incentive Stock
Option, to purchase Stock granted pursuant to the provisions of Article VI
hereof.

         "Optionee" shall mean a person to whom an Option has been granted
hereunder.

         "Parent" shall mean any corporation (other than the Company or a
Subsidiary) in an unbroken chain of corporations ending with the Company if, at
the time of the grant (or modification) of the Option, each of the corporations
other than the Company or a Subsidiary owns stock possessing 50% or more of the
total combined voting power of the classes of stock in one of the other
corporations in such chain.

         "Permanent and Total Disability" shall have the same meaning as given
to that term by Code Section 22(e)(3) and any regulations or rulings
promulgated thereunder.

         "Plan" shall mean the First Capital Bank Holding Corporation 1999
Stock Incentive Plan, the terms of which are set forth herein.

         "Purchasable" shall refer to Stock which may be purchased by an
Optionee under the terms of this Plan on or after a certain date specified in
the applicable Stock Option Agreement.

         "Qualified Domestic Relations Order" shall have the meaning set forth
in the Code or in the Employee Retirement Income Security Act of 1974, or the
rules and regulations promulgated under the Code or such Act.

         "Reload Option" shall have the meaning set forth in Section 6.8
hereof.

         "Section 16 Insider" shall mean any person who is subject to the
provisions of Section 16 of the Exchange Act, as provided in Rule 16a-2
promulgated pursuant to the Exchange Act.

         "Stock" shall mean the Common Stock, par value $0.01 per share, of the
Company or, in the event that the outstanding shares of Stock are hereafter
changed into or exchanged for shares of a different stock or securities of the
Company or some other entity, such other stock or securities.

         "Stock Option Agreement" shall mean an agreement between the Company
and an Optionee under which the Optionee may purchase Stock hereunder, a sample
form of which is attached hereto as Exhibit A (which form may be varied by the
Committee in granting an Option).

         "Subsidiary" shall mean any corporation (other than the Company) in an
unbroken chain of corporations beginning with the Company if, at the time of
the grant (or modification) of the Option, each of the corporations other than
the last corporation in the unbroken chain owns stock possessing 50% or more of
the total combined voting power of all classes of stock in one of the other
corporations in such chain.


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                                   ARTICLE II
                                    THE PLAN

         2.1   Name. This Plan shall be known as "First Capital Bank Holding
Corporation 1999 Stock Incentive Plan."

         2.2   Purpose. The purpose of the Plan is to advance the interests of
the Company, its Subsidiaries, and its shareholders by affording Employees and
Directors of the Company and its Subsidiaries an opportunity to acquire or
increase their proprietary interests in the Company. The objective of the
issuance of the Options is to promote the growth and profitability of the
Company and its Subsidiaries because the Optionees will be provided with an
additional incentive to achieve the Company's objectives through participation
in its success and growth and by encouraging their continued association with
or service to the Company.

         2.3   Effective Date. The Plan shall become effective on October 27,
1999; provided, however, that if the shareholders of the Company have not
approved the Plan on or prior to the first anniversary of such effective date,
then all options granted under the Plan shall be non-incentive Stock Options.
If, at the time of any amendment to the Plan, shareholder approval is required
by the Code for Incentive Stock Options and such shareholder approval has not
been obtained (or is not obtained within 12 months thereof), any Incentive
Stock Options issued under the Plan shall automatically become options which do
not qualify as Incentive Stock Options.


                                  ARTICLE III
                                  PARTICIPANTS

         The class of persons eligible to participate in the Plan shall consist
of all Directors and Employees of the Company or any Subsidiary.


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                                   ARTICLE IV
                                 ADMINISTRATION

         4.1   Duties and Powers of the Committee. The Plan shall be
administered by the Committee. The Committee shall select one of its members as
its Chairman and shall hold its meetings at such times and places as it may
determine. The Committee shall keep minutes of its meetings and shall make such
rules and regulations for the conduct of its business as it may deem necessary.
The Committee shall have the power to act by unanimous written consent in lieu
of a meeting, and to meet telephonically. In administering the Plan, the
Committee's actions and determinations shall be binding on all interested
parties. The Committee shall have the power to grant Options in accordance with
the provisions of the Plan and may grant Options singly, in combination, or in
tandem. Subject to the provisions of the Plan, the Committee shall have the
discretion and authority to determine those individuals to whom Options will be
granted and whether such Options shall be accompanied by the right to receive
Reload Options, the number of shares of Stock subject to each Option, such
other matters as are specified herein, and any other terms and conditions of a
Stock Option Agreement. The Committee shall also have the discretion and
authority to delegate to any Officer its power to grant Options under the Plan
to Employees, but not to Employees who are Officers or Directors. To the extent
not inconsistent with the provisions of the Plan, the Committee may give an
Optionee an election to surrender an Option in exchange for the grant of a new
Option, and shall have the authority to amend or modify an outstanding Stock
Option Agreement, or to waive any provision thereof, provided that the Optionee
consents to such action.

         4.2   Interpretation; Rules. Subject to the express provisions of the
Plan, the Committee also shall have complete authority to interpret the Plan,
to prescribe, amend, and rescind rules and regulations relating to it, to
determine the details and provisions of each Stock Option Agreement, and to
make all other determinations necessary or advisable for the administration of
the Plan, including, without limitation, the amending or altering of the Plan
and any Options granted hereunder as may be required to comply with or to
conform to any federal, state, or local laws or regulations. If an option
granted under the Plan is intended to be an Incentive Stock Option but does not
qualify as an Incentive Stock Option for any reason, then the option granted
shall remain valid but shall be a non-Incentive Stock Option.

         4.3   No Liability. Neither any member of the Board nor any member of
the Committee shall be liable to any person for any act or determination made
in good faith with respect to the Plan or any Option granted hereunder.

         4.4   Majority Rule. A majority of the members of the Committee shall
constitute a quorum, and any action taken by a majority at a meeting at which a
quorum is present, or any action taken without a meeting evidenced by a writing
executed by all the members of the Committee, shall constitute the action of
the Committee.

         4.5   Company Assistance. The Company shall supply full and timely
information to the Committee on all matters relating to eligible persons, their
employment, death, retirement, disability, or other termination of employment,
and such other pertinent facts as the Committee may require. The Company shall
furnish the Committee with such clerical and other assistance as is necessary
in the performance of its duties.


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                                   ARTICLE V
                        SHARES OF STOCK SUBJECT TO PLAN

         5.1    Limitations. The maximum number of shares that may be issued
hereunder shall initially be 100,000. The total number of shares of Stock
issuable pursuant to Incentive Stock Options may not be increased to more than
100,000 (other than pursuant to antidilution adjustments) without shareholder
approval. In addition, the number of shares that may be issued hereunder shall
be subject to any antidilution adjustment pursuant to the provisions of Section
5.2 hereof. Any or all shares of Stock subject to the Plan may be issued in any
combination of Incentive Stock Options or non-Incentive Stock Options. Shares
subject to an Option may be either authorized and unissued shares or shares
issued and later acquired by the Company. The shares covered by any unexercised
portion of an Option that has terminated for any reason (except as set forth in
the following paragraph) may again be optioned under the Plan, and such shares
shall not be considered as having been optioned or issued in computing the
number of shares of Stock remaining available for option hereunder.

         5.2    Antidilution.

                (a)    If (x) the outstanding shares of Stock are changed into
or exchanged for a different number or kind of shares or other securities of
the Company by reason of merger, consolidation, reorganization,
recapitalization, reclassification, combination or exchange of shares, or stock
split or stock dividend, (y) any spin-off, spin-out or other distribution of
assets materially affects the price of the Company's stock, or (z) there is any
assumption and conversion to the Plan by the Company of an acquired company's
outstanding option grants, then:

                       (i) the aggregate number and kind of shares of Stock for
                which Options may be granted hereunder shall be adjusted
                proportionately by the Committee; and

                       (ii) the rights of Optionees (concerning the number of
                shares subject to Options and the Exercise Price) under
                outstanding Options shall be adjusted proportionately by the
                Committee.

                (b)    If the Company shall be a party to any reorganization in
which it does not survive, involving merger, consolidation, or acquisition of
the stock or substantially all the assets of the Company, the Committee, in its
sole discretion, may (but is not required to):

                       (i) notwithstanding other provisions hereof, declare
                that all Options granted under the Plan shall become
                exercisable immediately notwithstanding the provisions of the
                respective Stock Option Agreements regarding exercisability,
                that all such Options shall terminate 30 days after the
                Committee gives written notice of the immediate right to
                exercise all such Options and of the decision to terminate all
                Options not exercised within such 30-day period; and/or

                       (ii) notify all Optionees that all Options granted under
                the Plan shall be assumed by the successor corporation or
                substituted on an equitable basis with options issued by such
                successor corporation.

                (c)    If the Company is to be liquidated or dissolved in
connection with a reorganization described in Section 5.2(b), the provisions of
such Section shall apply. In all other instances, the adoption of a plan of
dissolution or liquidation of the Company shall, notwithstanding


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<PAGE>   9

other provisions hereof, cause every Option outstanding under the Plan to
terminate to the extent not exercised prior to the adoption of the plan of
dissolution or liquidation by the shareholders, provided that, notwithstanding
other provisions hereof, the Committee may declare all Options granted under
the Plan to be exercisable at any time on or before the fifth business day
following such adoption notwithstanding the provisions of the respective Stock
Option Agreements regarding exercisability.

                (d)    The adjustments described in paragraphs (a) through (c)
of this Section 5.2, and the manner of their application, shall be determined
solely by the Committee, and any such adjustment may provide for the
elimination of fractional share interests; provided, however, that any
adjustment made by the Board or the Committee shall be made in a manner that
will not cause an Incentive Stock Option to be other than an Incentive Stock
Option under applicable statutory and regulatory provisions. The adjustments
required under this Article V shall apply to any successors of the Company and
shall be made regardless of the number or type of successive events requiring
such adjustments.


                                   ARTICLE VI
                                    OPTIONS

         6.1    Types of Options Granted. The Committee may, under this Plan,
grant either Incentive Stock Options or Options which do not qualify as
Incentive Stock Options. Within the limitations provided in this Plan, both
types of Options may be granted to the same person at the same time, or at
different times, under different terms and conditions, as long as the terms and
conditions of each Option are consistent with the provisions of the Plan.
Without limitation of the foregoing, Options may be granted subject to
conditions based on the financial performance of the Company or any other
factor the Committee deems relevant.

         6.2    Option Grant and Agreement. Each Option granted hereunder shall
be evidenced by minutes of a meeting or the written consent of the Committee
and by a written Stock Option Agreement executed by the Company and the
Optionee. The terms of the Option, including the Option's duration, time or
times of exercise, exercise price, whether the Option is intended to be an
Incentive Stock Option, and whether the Option is to be accompanied by the
right to receive a Reload Option, shall be stated in the Stock Option
Agreement. In structuring the terms of each Option, the Committee shall follow
the guidelines set forth in the FDIC statement of policy relating to
applications for deposit insurance, including that the terms should encourage
each Optionee to remain involved in the Company and/or its Subsidiaries, such
as by having a vesting period of equal percentages each year over the initial
three years following the grant of the Option and a requirement that the Option
be exercised or expire within a reasonable time after termination as an active
officer, employee, or director. No Incentive Stock Option may be granted more
than ten years after the earlier to occur of the effective date of the Plan or
the date the Plan is approved by the Company's shareholders. Separate Stock
Option Agreements may be used for Options intended to be Incentive Stock
Options and those not so intended, but any failure to use such separate
agreements shall not invalidate, or otherwise adversely affect the Optionee's
interest in, the Options evidenced thereby.

         6.3    Optionee Limitations. The Committee shall not grant an
Incentive Stock Option to any person who, at the time the Incentive Stock
Option is granted:

                (a)    is not an employee of the Company or any of its
Subsidiaries (as the term "employee" is defined by the Code); or


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<PAGE>   10

                (b)    owns or is considered to own stock possessing at least
10% of the total combined voting power of all classes of stock of the Company
or any of its Parent or Subsidiary corporations; provided, however, that this
limitation shall not apply if at the time an Incentive Stock Option is granted
the Exercise Price is at least 110% of the Fair Market Value of the Stock
subject to such Option and such Option by its terms would not be exercisable
after five years from the date on which the Option is granted. For the purpose
of this subsection (b), a person shall be considered to own: (i) the stock
owned, directly or indirectly, by or for his or her brothers and sisters
(whether by whole or half blood), spouse, ancestors and lineal descendants;
(ii) the stock owned, directly or indirectly, by or for a corporation,
partnership, estate, or trust in proportion to such person's stock interest,
partnership interest or beneficial interest therein; and (iii) the stock which
such person may purchase under any outstanding options of the Company or of any
Parent or Subsidiary.

         6.4    $100,000 Limitation. Except as provided below, the Committee
shall not grant an Incentive Stock Option to, or modify the exercise provisions
of outstanding Incentive Stock Options held by, any person who, at the time the
Incentive Stock Option is granted (or modified), would thereby receive or hold
any Incentive Stock Options of the Company and any Parent or Subsidiary, such
that the aggregate Fair Market Value (determined as of the respective dates of
grant or modification of each option) of the stock with respect to which such
Incentive Stock Options are exercisable for the first time during any calendar
year is in excess of $100,000 (or such other limit as may be prescribed by the
Code from time to time); provided that the foregoing restriction on
modification of outstanding Incentive Stock Options shall not preclude the
Committee from modifying an outstanding Incentive Stock Option if, as a result
of such modification and with the consent of the Optionee, such Option no
longer constitutes an Incentive Stock Option; and provided that, if the
$100,000 limitation (or such other limitation prescribed by the Code) described
in this Section 6.4 is exceeded, the Incentive Stock Option, the granting or
modification of which resulted in the exceeding of such limit, shall be treated
as an Incentive Stock Option up to the limitation and the excess shall be
treated as an Option not qualifying as an Incentive Stock Option.

         6.5    Exercise Price. The Exercise Price of the Stock subject to each
Option shall be determined by the Committee. Subject to the provisions of
Section 6.3(b) hereof, the Exercise Price of an Option shall not be less than
the Fair Market Value of the Stock as of the date the Option is granted (or in
the case of an Incentive Stock Option that is subsequently modified, on the
date of such modification).

         6.6    Exercise Period. The period for the exercise of each Option
granted hereunder shall be determined by the Committee, but the Stock Option
Agreement with respect to each Option shall provide that such Option shall not
be exercisable after ten years from the date of grant (or modification) of the
Option.

         6.7    Option Exercise.

                (a)    Unless otherwise provided in the Stock Option Agreement
or Section 6.6 hereof, an Option may be exercised at any time or from time to
time during the term of the Option as to any or all full shares which have
become Purchasable under the provisions of the Option, but not at any time as
to less than 100 shares unless the remaining shares that have become so
Purchasable are less than 100 shares. The Committee shall have the authority to
prescribe in any Stock Option Agreement that the Option may be exercised only
in accordance with a vesting schedule during the term of the Option.


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<PAGE>   11

                (b)    An Option shall be exercised by (i) delivery to the
Company at its principal office a written notice of exercise with respect to a
specified number of shares of Stock and (ii) payment to the Company at that
office of the full amount of the Exercise Price for such number of shares in
accordance with Section 6.7(c). If requested by an Optionee, an Option may be
exercised with the involvement of a stockbroker in accordance with the federal
margin rules set forth in Regulation T (in which case the certificates
representing the underlying shares will be delivered by the Company directly to
the stockbroker).

                (c)    The Exercise Price is to be paid in full in cash upon
the exercise of the Option and the Company shall not be required to deliver
certificates for the shares purchased until such payment has been made;
provided, however, that in lieu of cash, in the Company's discretion all or any
portion of the Exercise Price may be paid by tendering to the Company shares of
Stock duly endorsed for transfer and owned by the Optionee, or by authorization
to the Company to withhold shares of Stock otherwise issuable upon exercise of
the Option, in each case to be credited against the Exercise Price at the Fair
Market Value of such shares on the date of exercise (however, no fractional
shares may be so transferred, and the Company shall not be obligated to make
any cash payments in consideration of any excess of the aggregate Fair Market
Value of shares transferred over the aggregate Exercise Price); provided
further, that the Board may provide in a Stock Option Agreement (or may
otherwise determine in its sole discretion at the time of exercise) that, in
lieu of cash or shares, all or a portion of the Exercise Price may be paid by
the Optionee's execution of a recourse note equal to the Exercise Price or
relevant portion thereof, subject to compliance with applicable state and
federal laws, rules and regulations. Notwithstanding the above, the Company
shall not be obligated to accept tender of shares of Stock as payment of the
Exercise Price if doing so would result in a charge to the Company's earnings
for financial reporting purposes.

                (d)    In addition to and at the time of payment of the
Exercise Price, the Optionee shall pay to the Company in cash the full amount
of any federal, state, and local income, employment, or other withholding taxes
applicable to the taxable income of such Optionee resulting from such exercise;
provided, however, that in the discretion of the Committee any Stock Option
Agreement may provide that all or any portion of such tax obligations, together
with additional taxes not exceeding the actual additional taxes to be owed by
the Optionee as a result of such exercise, may, upon the irrevocable election
of the Optionee, be paid by tendering to the Company whole shares of Stock duly
endorsed for transfer and owned by the Optionee, or by authorization to the
Company to withhold shares of Stock otherwise issuable upon exercise of the
Option, in either case in that number of shares having a Fair Market Value on
the date of exercise equal to the amount of such taxes thereby being paid, and
subject to such restrictions as to the approval and timing of any such election
as the Committee may from time to time determine to be necessary or appropriate
to satisfy the conditions of the exemption set forth in Rule 16b-3 under the
Exchange Act, if such rule is applicable.

                (e)    The holder of an Option shall not have any of the rights
of a shareholder with respect to the shares of Stock subject to the Option
until such shares have been issued and transferred to the Optionee upon the
exercise of the Option.


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<PAGE>   12

         6.8    Reload Options.

                (a)    The Committee may specify in a Stock Option Agreement
(or may otherwise determine in its sole discretion) that a Reload Option shall
be granted, without further action of the Committee, (i) to an Optionee who
exercises an Option (including a Reload Option) by surrendering shares of Stock
in payment of amounts specified in Sections 6.7(c) or 6.7(d) hereof, (ii) for
the same number of shares as are surrendered to pay such amounts, (iii) as of
the date of such payment and at an Exercise Price equal to the Fair Market
Value of the Stock on such date, and (iv) otherwise on the same terms and
conditions as the Option whose exercise has occasioned such payment, except as
provided below and subject to such other contingencies, conditions, or other
terms as the Committee shall specify at the time such exercised Option is
granted; provided, that the Committee may require that the shares surrendered
in payment as provided above must have been held by the Optionee for at least
six months prior to such surrender.

                (b)    Unless provided otherwise in the Stock Option Agreement,
a Reload Option may not be exercised by an Optionee (i) prior to the end of a
one-year period from the date that the Reload Option is granted, and (ii)
unless the Optionee retains beneficial ownership of the shares of Stock issued
to such Optionee upon exercise of the Option referred to above in Section
6.8(a)(i) for a period of one year from the date of such exercise.

         6.9    Nontransferability of Option. Other than as provided below, no
Option shall be transferable by an Optionee other than by will or the laws of
descent and distribution or, in the case of non-Incentive Stock Options,
pursuant to a Qualified Domestic Relations Order, and, during the lifetime of
an Optionee, Options shall be exercisable only by such Optionee (or by such
Optionee's guardian or legal representative, should one be appointed). However,
a Non-Incentive Stock Option may, in connection with the Optionee's estate
plan, be assigned in whole or in part during Optionee's lifetime to one or more
members of the Optionee's immediate family or to a trust established for the
exclusive benefit of one or more such family members. The assigned portion
shall be exercisable only by the person or persons who acquire a proprietary
interest in the Option pursuant to such assignment. The terms applicable to the
assigned portion shall be the same as those in effect for this Option
immediately prior to such assignment and shall be set forth in such documents
issued to the assignee as the Committee may deem appropriate.

         6.10   Termination of Employment or Service. The Committee shall have
the power to specify the effect upon an Optionee's right to exercise an Option
upon termination of such Optionee's employment or service under various
circumstances, which effect may include immediate or deferred termination of
such Optionee's rights under an Option, or acceleration of the date at which an
Option may be exercised in full. Unless a Stock Option Agreement specifically
provides otherwise, in the event the recipient of an Option is terminated from
his or her employment or other service to the Company or its subsidiaries for
Cause, Options, whether vested or unvested, granted to such person shall
terminate immediately and shall not thereafter be exercisable.

         6.11   Employment Rights. Nothing in the Plan or in any Stock Option
Agreement shall confer on any person any right to continue in the employ of the
Company or any of its Subsidiaries, or shall interfere in any way with the
right of the Company or any of its Subsidiaries to terminate such person's
employment at any time.

         6.12   Certain Successor Options. To the extent not inconsistent with
the terms, limitations and conditions of Code section 422 and any regulations
promulgated with respect thereto, an Option issued in respect of an option held
by an employee to acquire stock of any entity acquired, by merger or


                                      10
<PAGE>   13

otherwise, by the Company (or any Subsidiary of the Company) may contain terms
that differ from those stated in this Article VI, but solely to the extent
necessary to preserve for any such employee the rights and benefits contained
in such predecessor option, or to satisfy the requirements of Code section
424(a).

         6.13   Effect of a Corporate Transaction. All Options, to the extent
outstanding at the time of a Corporate Transaction but not otherwise fully
exercisable, shall automatically accelerate so that the Options shall,
immediately prior to the effective date of the Corporate Transaction, become
exercisable for all shares at the time subject to such Options and may be
exercised for any or all of those shares as fully vested shares of Stock.

         6.14   Forfeiture by Order of Regulatory Agency. If the Company's or
any of its financial institution Subsidiaries' capital falls below the minimum
requirements contained in 12 CFR 3 or below a higher requirement as determined
by the Company's or such Subsidiary's primary bank regulatory agency, such
agency may direct the Company to require Optionees to exercise or forfeit some
or all of their Options. All options granted under this Plan are subject to the
terms of any such directive.

                                  ARTICLE VII
                               STOCK CERTIFICATES

         The Company shall not be required to issue or deliver any certificate
for shares of Stock purchased upon the exercise of any Option granted hereunder
or any portion thereof prior to fulfillment of all of the following conditions:

         (a)    The admission of such shares to listing on all stock exchanges
on which the Stock is then listed;

         (b)    The completion of any registration or other qualification of
such shares which the Committee shall deem necessary or advisable under any
federal or state law or under the rulings or regulations of the Securities and
Exchange Commission or any other governmental regulatory body;

         (c)    The obtaining of any approval or other clearance from any
federal or state governmental agency or body which the Committee shall
determine to be necessary or advisable; and

         (d)    The lapse of such reasonable period of time following the
exercise of the Option as the Board from time to time may establish for reasons
of administrative convenience.

         Stock certificates issued and delivered to Optionees shall bear such
restrictive legends as the Company shall deem necessary or advisable pursuant
to applicable federal and state securities laws. The inability of the Company
to obtain approval from any regulatory body having authority deemed by the
Company to be necessary to the lawful issuance and sale of any Stock pursuant
to Options shall relieve the Company of any liability with respect to the
non-issuance or sale of the Stock as to which such approval shall not have been
obtained. However, the Company shall use its best efforts to obtain all such
approvals.


                                      11
<PAGE>   14

                                  ARTICLE VIII
                           TERMINATION AND AMENDMENT

         8.1    Termination and Amendment. The Board may at any time terminate
the Plan; provided, however, that the Board (unless its actions are approved or
ratified by the shareholders of the Company within twelve months of the date
that the Board amends the Plan) may not amend the Plan to:

                (a)    Increase the total number of shares of Stock issuable
pursuant to Incentive Stock Options under the Plan, except as contemplated in
Section 5.2 hereof; or

                (b)    Change the class of employees eligible to receive
Incentive Stock Options that may participate in the Plan.

         8.2    Effect on Optionee's Rights. No termination, amendment, or
modification of the Plan shall affect adversely a Optionee's rights under a
Stock Option Agreement without the consent of the Optionee or his legal
representative.


                                   ARTICLE IX
                    RELATIONSHIP TO OTHER COMPENSATION PLANS

         The adoption of the Plan shall not affect any other stock option,
incentive, or other compensation plans in effect for the Company or any of its
Subsidiaries; nor shall the adoption of the Plan preclude the Company or any of
its Subsidiaries from establishing any other form of incentive or other
compensation plan for employees or Directors of the Company or any of its
Subsidiaries.


                                   ARTICLE X
                                 MISCELLANEOUS

         10.1   Replacement or Amended Grants. At the sole discretion of the
Committee, and subject to the terms of the Plan, the Committee may modify
outstanding Options or accept the surrender of outstanding Options and grant
new Options in substitution for them. However no modification of an Option
shall adversely affect a Optionee's rights under a Stock Option Agreement
without the consent of the Optionee or his legal representative.

         10.2   Forfeiture for Competition. If a Optionee provides services to
a competitor of the Company or any of its Subsidiaries, whether as an employee,
officer, director, independent contractor, consultant, agent, or otherwise,
such services being of a nature that can reasonably be expected to involve the
skills and experience used or developed by the Optionee while an Employee, then
that Optionee's rights under any Options outstanding hereunder shall be
forfeited and terminated subject in each case to a determination to the
contrary by the Committee.

         10.3   Leave of Absence. Unless provided otherwise in a particular
Stock Option Agreement, the following provisions shall apply upon an Optionee's
commencement of an authorized leave of absence:

         (a)    The exercise schedule in effect for such Option shall be frozen
as of the first day of the authorized leave, and the Option shall not become
exercisable for any additional installments of shares of Stock during the
period Optionee remains on such leave.


                                      12
<PAGE>   15

         (b)    Should the Optionee resume active Employee status within 60
days after the start date of the authorized leave, Optionee shall, for purposes
of the applicable exercise schedule, receive service credit for the entire
period of such leave. If the Optionee does not resume active Employee status
within such 60-day period, then no service credit shall be given for the entire
period of such leave.

         (c)    If the Option is an Incentive Stock Option, then the following
additional provision shall apply:

                           If the leave of absence continues for more than
         three months, then the Option shall automatically convert to a
         Non-Incentive Stock Option under the Federal tax laws upon the
         expiration of such three-month period, unless the Optionee's
         reemployment rights are guaranteed by statute or written agreement.
         Following any such conversion of the Option, all subsequent exercises
         of the Option, whether effected before or after Optionee's return to
         active Employee status, shall result in an immediate taxable event,
         and the Company shall be required to collect from Optionee the
         Federal, state and local income and employment withholding taxes
         applicable to such exercise.

         (d)    In no event shall the Option become exercisable for any
additional shares or otherwise remain outstanding if Optionee does not resume
Employee status prior to the Expiration Date of the option term.

         10.4   Plan Binding on Successors. The Plan shall be binding upon the
successors and assigns of the Company.

         10.5   Headings, etc., No Part of Plan. Headings of Articles and
Sections hereof are inserted for convenience and reference; they do not
constitute part of the Plan.

         10.6   Section 16 Compliance. With respect to Section 16 Insiders,
transactions under this Plan are intended to comply with all applicable
conditions of Rule 16b-3 or its successors under the Exchange Act. To the
extent any provision of the Plan or action by the Committee fails to so comply,
it shall be deemed void to the extent permitted by law and deemed advisable by
the Committee. In addition, if necessary to comply with Rule 16b-3 with respect
to any grant of an Option hereunder, and in addition to any other vesting or
holding period specified hereunder or in an applicable Stock Option Agreement,
any Section 16 Insider acquiring an Option shall be required to hold either the
Option or the underlying shares of Stock obtained upon exercise of the Option
for a minimum of six months.

         IN WITNESS WHEREOF, the Company has caused this Plan to be executed as
of __________________, 1999, in accordance with the authority provided by the
Board of Directors.

                                  First Capital Bank Holding Corporation



                                  By:
                                     ----------------------------------------
                                         Name: Michael G. Sanchez
                                         Title: President


                                      13
<PAGE>   16

                                   EXHIBIT A
                                       to
                     First Capital Bank Holding Corporation
                          1999 Stock Incentive Plan -
                   FORM OF EMPLOYEE OF STOCK OPTION AGREEMENT


                     FIRST CAPITAL BANK HOLDING CORPORATION
                             STOCK OPTION AGREEMENT


         THIS STOCK OPTION AGREEMENT (this "Agreement") is entered into as of
this ___ day of _________, 1999, between First Capital Bank Holding
Corporation, a Florida corporation (the "Company"), and __________ (the
"Optionee").

         WHEREAS, on October 27, 1999, the Board of Directors of the Company
adopted a Stock Incentive Plan known as the "First Capital Bank Holding
Corporation 1999 Stock Incentive Plan" (the "Stock Incentive Plan"), and
recommended that the Plan be approved by the Company's shareholders; and

         WHEREAS, the Committee has granted the Optionee a stock option to
purchase the number of shares of the Company's common stock as set forth below,
and in consideration of the granting of that stock option the Optionee intends
to remain in the employ of the Company; and

         WHEREAS, the Company considers it desirable and in its best interest
that the Optionee be provided an inducement to acquire an ownership interest in
the Company and an additional incentive to advance the interest of the Company
through the grant of an option to purchase shares of common stock of the
Company pursuant to the Stock Incentive Plan; and

         WHEREAS, the Company and the Optionee desire to enter into a written
agreement with respect to such option in accordance with the Stock Incentive
Plan.

         NOW, THEREFORE, as an employment incentive and to encourage stock
ownership, and also in consideration of the mutual covenants contained herein,
the Company and the Optionee agree as follows.

         1. Incorporation of Stock Incentive Plan. This option is granted
pursuant to the provisions of the Stock Incentive Plan and the terms and
definitions of the Stock Incentive Plan are incorporated herein by reference
and made a part hereof. A copy of the Stock Incentive Plan has been delivered
to, and receipt is hereby acknowledged by, the Optionee.

         2. Grant of Option. Subject to the provisions stated in this
Agreement, the Company hereby evidences its grant to the Optionee, not in lieu
of salary or other compensation, of the right and option (the "Option") to
purchase the number of shares of the Company's Common Stock, par value $0.01
per share (the "Stock"), set forth below, exercisable in the amounts and at the
time specified below. This Option is intended to be an Incentive Stock Option,
as defined in the Internal Revenue Code.

         Number of Shares:                  *****

         Exercise Price:                    $ *** per share
<PAGE>   17

Option Vesting Schedule:    Options are exercisable with respect the shares of
                            Stock as follows, subject in each case to continued
                            employment by the Company or a subsidiary of the
                            Company through such date, and subject to the
                            provisions of Section 7 of this Agreement:



<TABLE>
<CAPTION>
                    No. of Shares                        Vesting Date
                    <S>                                  <C>
                    *****                                _________  __, 2000

                    *****                                _________  __, 2001

                    *****                                _________  __, 2002

                    *****                                _________  __, 2003

                    *****                                _________  __, 2004
</TABLE>


         Option Exercise Period:      All options expire and are void unless
                                      exercised on or before _______  ___, 2009.

         3. Exercise Terms. The Optionee must exercise the Option for at least
the lesser of 100 shares or the number of shares of Purchasable Stock as to
which the Option remains unexercised. If this Option is not exercised with
respect to all or any part of the shares subject to this Option prior to its
expiration, the shares with respect to which this Option was not exercised
shall no longer be subject to this Option.

         4. Restrictions on Transferability. No Option shall be transferable by
an Optionee other than by will or the laws of descent and distribution or
pursuant to a Qualified Domestic Relations Order. During the lifetime of an
Optionee, Options shall be exercisable only by such Optionee (or by such
Optionee's guardian or legal representative, should one be appointed). The
shares purchased pursuant to the exercise of an Incentive Stock Option shall
not be transferred by the Optionee except pursuant to the Optionee's will, or
the laws of descent and distribution, until such date which is the later of two
years after the grant of such Incentive Stock Option or one year after the
transfer of the shares to the Optionee pursuant to the exercise of such
Incentive Stock Option.

         5. Notice of Exercise of Option. This Option may be exercised by the
Optionee, or by the Optionee's administrators, executors or personal
representatives, by a written notice (in substantially the form of the Notice
of Exercise attached hereto as Schedule A) signed by the Optionee, or by such
administrators, executors or personal representatives, and delivered or mailed
to the Company as specified in this Agreement to the attention of the President
or such other officer as the Company may designate. Any such notice shall (a)
specify the number of shares of Stock which the Optionee or the Optionee's
administrators, executors or personal representatives, as the case may be, then
elects to purchase hereunder, (b) contain such information as may be reasonably
required by the Company pursuant to this Agreement, and (c) be accompanied by
(i) a certified or cashier's check payable to the Company in payment of the
total Exercise Price applicable to such shares as provided herein, (ii) shares
of stock owned by the Optionee and duly endorsed or accompanied by stock
transfer powers having a Fair Market Value equal to the total Exercise Price
applicable to such Shares purchased hereunder, or

<PAGE>   18

(iii) a certified or cashier's check accompanied by the number of shares of
stock where Fair Market Value when added to the amount of the check equal the
total Exercise Price applicable to such shares purchased hereunder. Upon
receipt of any such notice and accompanying payment, and subject to the terms
hereof, the Company agrees to issue to the Optionee or the Optionee's
administrators, executors or personal representatives, as the case may be,
stock certificates for the number of shares specified in such notice registered
in the name of the person exercising this Option.

         6.     Adjustment in Option. The number of Shares subject to this
Option, the Exercise Price, and other matters are subject to adjustment during
the term of this Option in accordance with Section 5.2 of the Stock Incentive
Plan.

         7.  Termination of Employment.

         (a) In the event of the termination of the Optionee's employment with
the Company or any of its Subsidiaries, other than a termination that is either
(i) for Cause, (ii) voluntary on the part of the Optionee and without written
consent of the Company, or (iii) for reasons of death or disability or
retirement, the Optionee may exercise this Option at any time within 30 days
after such termination to the extent of the number of shares which were
Purchasable hereunder at the date of such termination.

         (b) In the event of a termination of the Optionee's employment that is
either (i) for Cause or (ii) voluntary on the part of the Optionee and without
the written consent of the Company, this Option, to the extent not previously
exercised, shall terminate immediately and shall not thereafter be or become
exercisable.

         (c) In the event of the retirement of the Optionee at the normal
retirement date as prescribed from time to time by the Company or any
Subsidiary, the Optionee shall continue to have the right to exercise any
Options for shares which were Purchasable at the date of the Optionee's
retirement provided that, on the date which is three months after the date of
retirement, the Options will become void and unexercisable unless on the date
of retirement the Optionee enters into a noncompete agreement with the Company
and continues to comply with such noncompete agreement. This Option does not
confer upon the Optionee any right with respect to continuance of employment by
the Company or by any of its Subsidiaries. This Option shall not be affected by
any change of employment so long as the Optionee continues to be an employee of
the Company or one of its Subsidiaries.

         (d) In the event of termination of employment because of the
Optionee's Permanent and Total Disability, the Optionee (or his or her personal
representative) may exercise this Option, within a period ending on the earlier
of (a) the last day of the one year period following the Optionee's Permanent
and Total Disability or (b) the expiration date of this Option, to the extent
of the number of shares which were Purchasable hereunder at the date of such
termination.

         (e) In the event of the Optionee's death while employed by the Company
or any of its Subsidiaries or within three months after a termination of such
employment (if such termination was neither (i) for Cause nor (ii) voluntary on
the part of the Optionee and without the written consent of the Company), the
appropriate persons described in Section 5 hereof or persons to whom all or a
portion of this Option is transferred in accordance with Section 4 hereof may
exercise this Option at any time within a period ending on the earlier of (a)
the last day of the one year period following the Optionee's death or (b) the
expiration date of this Option. If the Optionee was an employee of the Company
at the time of death, this Option may be so exercised to the extent of the
number of shares that were Purchasable hereunder at the date of death. If the
Optionee's employment terminated prior to his or her death, this Option may be
exercised only to the extent of the number of shares covered by
<PAGE>   19

this Option which were Purchasable hereunder at the date of such termination.

         8.    Compliance with Regulatory Matters. The Optionee acknowledges
that the issuance of capital stock of the Company is subject to limitations
imposed by federal and state law and the Optionee hereby agrees that the
Company shall not be obligated to issue any shares of Stock upon exercise of
this Option that would cause the Company to violate law or any rule,
regulation, order or consent decree of any regulatory authority (including
without limitation the Securities and Exchange Commission) having jurisdiction
over the affairs of the Company. The Optionee agrees that he or she will
provide the Company with such information as is reasonably requested by the
Company or its counsel to determine whether the issuance of Stock complies with
the provisions described by this Section 8.

         9.  Forfeiture. The purpose of the Stock Incentive Plan is to attract,
retain, and reward employees, to increase stock ownership and identification
with the Company's interests, and to provide incentive for remaining with and
enhancing the value of the Company over the long-term. Therefore, the Company
and the Optionee agree as follows:

         (a)    If, at any time within the later of (i) one year after
termination of the Optionee's employment or (ii) one year after the Optionee's
exercise of any portion of this Option, the Optionee engages in any activity
which constitutes a violation of any confidentiality, noncompetition,
nonsolicitation, or similar provision of any employment or other agreement
between the Company and the Optionee (or, if no agreement is in place between
the Company and the Optionee, any Company policies pertaining to such matters),
or if the Optionee engages in any activity which is inimical, contrary, or
harmful to the interests of the Company (including conduct related to the
Optionee's employment for which either criminal or civil penalties against the
Optionee may be sought or violation of the Company's policies, including the
Company's insider trading policy), then (1) this Option shall terminate
effective the date on which the Optionee enters into such activity, unless
terminating sooner by operation of another term or condition of this Option or
the Stock Incentive Plan, and (2) any Option Gain realized by the Optionee from
exercising all or a portion of this Option shall be paid by the Optionee to the
Company. "Option Gain" shall mean the gain represented by the mean market price
on the date of exercise over the Exercise Price, multiplied by the number of
shares purchased through exercise of the Option, without regard to any
subsequent market price decrease or increase. The forfeiture provisions
described in this Section shall apply even if the Company does not elect
otherwise to enforce the employment agreement or take other action against the
Optionee, but shall not apply if termination of the Optionee's employment with
the Company occurs in connection with or following a Corporate Transaction
involving the Company (as defined in the Stock Incentive Plan).

         (b)    By accepting this Agreement, the Optionee consents to a
deduction from any amounts the Company owes the Optionee from time to time
(including amounts owed as wages or other compensation, fringe benefits, or
vacation pay), to the extent of the amounts the Optionee owes the Company under
this Section. Whether or not the Company elects to make any set-off in whole or
in part, if the Company does not recover by means of set-off the full amount
owed by the Optionee to the Company, calculated as set forth above, the
Optionee shall pay immediately the unpaid balance to the Company. The Optionee
hereby appoints the Company as its attorney-in-fact to execute any documents or
do any acts necessary to exercise its rights under this Section.

         (c)    The Optionee may be released from its obligations under this
Section only if the Board of Directors (or its duly appointed agent) determines
in its sole discretion that such action is in the best interests of the
Company.

<PAGE>   20

         10.    Miscellaneous.

         (a)    This Agreement shall be binding upon the parties hereto and
their representatives, successors and assigns.

         (b)    Unless the context clearly indicates to the contrary, all
capitalized terms used herein shall have the meanings as set forth in this
Agreement, or in the event a capitalized term is not clearly described in this
Agreement, the meanings as set forth in the First Capital Bank Holding
Corporation 1999 Stock Incentive Plan dated October 27, 1999.

         (b)    This Agreement is executed and delivered in, and shall be
governed by the laws of, the State of Florida.

         (c)    Any requests or notices to be given hereunder shall be deemed
given, and any elections or exercises to be made or accomplished shall be
deemed made or accomplished, upon actual delivery thereof to the designated
recipient, or three days after deposit thereof in the United States mail,
registered, return receipt requested and postage prepaid, addressed, if to the
Optionee, at the address set forth below and, if to the Company, to the
executive offices of the Company at 1891 South 14th Street, Fernandina Beach,
Florida 32035.

         (d)    This Agreement may not be modified except in writing executed
by each of the parties hereto.

         IN WITNESS WHEREOF, the Board of Directors of the Company has caused
this Stock Option Agreement to be executed on behalf of the Company and the
Company's seal to be affixed hereto and attested by the Secretary or an
Assistant Secretary of the Company, and the Optionee has executed this Stock
Option Agreement under seal, all as of the day and year first above written.

                            FIRST CAPITAL BANK HOLDING CORPORATION

                            By:
                                ----------------------------------------------
                                Name: Michael G. Sanchez
                                Title: President and Chief Executive Officer


                            OPTIONEE

                            By:
                                 ---------------------------------------------

                            Name: *********

                            Address:
                                    ------------------------------------------

                                    ------------------------------------------

<PAGE>   21


                                   SCHEDULE A

                               NOTICE OF EXERCISE


                 TO EXERCISE STOCK OPTIONS, THE OPTIONEE SHOULD
        COMPLETE THIS SCHEDULE, EXECUTE IT, AND RETURN IT TO THE COMPANY




         The undersigned hereby notifies First Capital Bank Holding Company
(the "Company") of this election to exercise the undersigned's stock option to
purchase shares of the Company's common stock, par value $0.01 per share (the
"Common Stock"), pursuant to the Stock Option Agreement (the "Agreement")
between the undersigned and the Company dated _______________________________.
Accompanying this Notice is a check in the amount of $___________________
payable to the Company such amount being equal to the purchase price per share
set forth in the Agreement multiplied by the number of shares being purchased
hereby.

         IN WITNESS WHEREOF, the undersigned has set his hand and seal, this
________ day of _________________, _________.


                                    OPTIONEE [OR OPTIONEE'S
                                    ADMINISTRATOR,
                                    EXECUTOR OR PERSONAL
                                    REPRESENTATIVE]



                                    Name:
                                         -------------------------------------

                                    Print Name:
                                               -------------------------------