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Capital Bank, N.A., Delivers for Small Businesses, Securing $234 Million in PPP Loans for 1,156 Businesses Around Washington D.C. Metropolitan Area
Maryland-based Bank demonstrates the power of community banking, uplifting more than 36,000 employees during downturn
ROCKVILLE, Md., April 30, 2020 (GLOBE NEWSWIRE) — Capital Bancorp, Inc. (the “Company”) (NASDAQ: CBNK), the holding company for Capital Bank, N.A. (the “Bank”), today reported net income of $2.9 million, or $0.21 per diluted share, for the first quarter of 2020.
By the time the first round of federal Paycheck Protection Program (PPP) funding ran out of money, Maryland-based Capital Bank, N.A., was able to help 598 small-business PPP applicants secure Small Business Administration (SBA) authorization for federal aid totaling over $172 million. All but a few of those small businesses are here in the DMV […]