CorpBanca Announces New Member of the Board


SANTIAGO, CHILE--(Marketwire - February 29, 2008) - CorpBanca (NYSE: BCA) recently announced the newly elected board member Mr. Arturo Valenzuela Bowie, who was officially selected to replace resigned board member Mr. René Cortazar Sanz, during the Ordinary Shareholders' Meeting held on February 26, 2008. Mr. Valenzuela Bowie will serve on the board of directors until the next elections.

FORWARD-LOOKING STATEMENTS:

This press release may contain forward-looking statements that involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of CorpBanca to be materially different from the results, performance or achievements expressed or implied by these forward looking statements.

Contact Information: CorpBanca Contact: Pablo Mejia Ricci Head of Investor Relations Santiago, Chile Tel: (56 - 2) 660-2342 investorrelations@corpbanca.cl Capital Link Contact: Nicolas Bornozis President New York, USA Tel: (212) 661-7566 nbornozis@capitallink.com