Banks.com, Inc. (NYSE Amex: BNX), leading operator of financial services focused media properties and search related websites, announced today that it has paid off the remaining balance on its mezzanine debt notes held by CapitalSouth Partners and Harbert Management Corporation. The company also announced it has secured a $2.5 million Working Capital Facility through Silicon Valley Bank.

“Reestablishing our credit facility with Silicon Valley Bank allows us to pay off the balance of our mezzanine debt, remove the overhang of the balloon payment we had coming due in June and provides us with greater working capital flexibility for growth,” said Dan O'Donnell, President and CEO of Banks.com, Inc. “Silicon Valley’s vote of confidence and our ability to pay off our mezzanine debt much sooner than anticipated is further evidence that our turnaround has fully taken root.”

Vince Vallejos of Silicon Valley Bank commented, “Banks.com is a long time client of Silicon Valley Bank and we’re happy to have the opportunity to expand the scope of our relationship with the Banks.com team again.” Silicon Valley Bank provides diversified financial services to emerging growth and mature companies in the technology, life science, venture capital and premium wine markets. The company serves more than 11,000 clients globally through 27 domestic offices in five countries and has an extensive venture capital network.

“In the face of very challenging business conditions, we appreciate that Banks.com has managed to work through those conditions and satisfy its notes in advance of their original maturity date,” added Joe Alala, President and CEO of CapitalSouth Partners Funds. Based in Charlotte, CapitalSouth Partners Funds currently has $600 million of available capital and primarily provides junior – mezzanine – capital to middle market companies for growth financings, management and leveraged buyouts, acquisitions and recapitalizations.

Forward Looking Statements

This press release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve substantial risks and uncertainties. Forward looking statements, which are based on management’s current expectations, are generally identifiable by the use of terms, such as “anticipates,” “believes,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “possible,” “potential,” “predicts,” “projects,” “should,” “would” and similar expressions. The forward looking statements in this press release include statements regarding: management’s expectations regarding our strategy, management’s expectations regarding our growth, the effect of recent events, liquidity, and the outlook for our business. The potential risks and uncertainties that could cause actual results to differ materially from those expressed or implied herein include, among others, slowdown in the financial services vertical; market acceptance of the enhanced version of the Banks.com website; introduction of additional competitors in the Internet search services space; diversion of advertising dollars away from the Internet; slower than anticipated growth rate of our advertising base; dependence on our search providers; market development of Internet advertising and paid search services; the stability of our infrastructure; and continued weak economic conditions. Further information on the factors that could affect our financial results is included in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K/A for the fiscal year ended December 31, 2008, our quarterly reports on Form 10-Q and our Current Reports on Form 8-K. Except as required by law, we assume no responsibility to update these forward looking statements publicly, even if new information becomes available in the future.

About Banks.com

Banks.com, Inc. operates an Internet media property that provides targeted online advertising and services in the financial services sector. Through the Banks.com network, the Company provides access to financial content, including financial news, blogs, business articles, interest-rate tables, stock quotes, stock tracking and financial calculators. It also provides users access to online financial services, including tax preparation through the Banks.com Tax Center and stock brokerage through MyStockFund.com, its online broker-dealer subsidiary. In addition to Banks.com, it operates other search related websites including Look.com. Banks.com, Inc. is headquartered in San Francisco, California at 222 Kearny Street, Suite 550 and can be reached at 415.962.9700. More information about Banks.com, Inc. can be found at: www.Banks.com.