Maryland-based Bank takes security and ease-of-use to new level with online enhancements

(Rockville, Maryland – August, 10, 2020)  Leveraging its award-winning in-house technology development team, Rockville, Maryland-based Capital Bank, N.A., has upgraded their digital banking platform which integrates mobile convenience and cash management functionality that helps small-to-medium businesses stay nimble and responsive to today’s fast-changing demands.

Capital Bank’s “Enhanced Business Online Banking” offers a more intuitive user interface, point and click management of cash flows, greater access to historical transaction data, and stronger security.

“The technology and banking functionality we bring to our customers is designed with their business needs in mind,” said Capital Bank, N.A., CEO Edward Barry. “We understand not only how tech-savvy today’s business owners are, but also how important it is for them to save time and manage their cash flow with ease and speed.” 

Capital Bank has a longstanding tradition of investing in technology with an eye toward simplifying the banking experience allowing their commercial clients to focus on their business. 

The upgraded platform provides businesses with the ultimate in digital convenience:

• One location for payments and transfers, including ACH, wires, payroll and bill pay.
• Robust access to 18 months of statement history, transactions and balances – free.
• Newly designed home screen provides a snapshot of client’s current position, including real-time alerts and approvals.
• Mobile banking for on-the-go entrepreneurs.
• Card Controls safeguard debit cards from fraud with the touch of a button.
• Intuitive, at-a-glance navigation, while retaining current settings and templates.

Powerful, point and click functionality is right at the account holder’s fingertips, including added security-based alerts and specialized controls that enable business owners to define where the company card can be used, limit purchases by dollar amount and type of merchant, report a lost or stolen card, and turn a card on or off – all from the mobile app.

“Capital Bank’s new digital platform empowers business owners to stay on top of their working capital 24/7, and get the information they need in seconds, from the convenience of their smartphone or tablet,” added Barry. “It’s all about seeing your business’s entire financial picture in one place.”

About Capital Bank, N.A.

Capital Bank is a wholly owned subsidiary of Capital Bancorp, Inc., and is the seventh largest bank headquartered in Maryland at March 31, 2020.  Capital Bank has been providing financial services since 1999 and operates bank branches in five locations in the greater Washington, D.C., Northern Virginia/ Baltimore metro area.  Specializing in adapting traditional and current digitally based banking products to solve its customers’ most pressing needs and providing personalized services; Capital Bancorp had assets of approximately $1.8 billion at June 30, 2020 and its common stock is traded in the NASDAQ Global Market under the symbol “CBNK.” More information can be found at the Company’s website www.capitalbankmd.com under its Investor Relations page.

Media Contact:

Kathy Fowler

On The Marc Media

410 963-2345

[email protected]

To view the press release, please go here

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 region.

Capital Bank, N.A., Honored with 2021 Nintex Solution Innovation Award

Capital Bank, N.A., has been named a 2021 winner of the Nintex Solution Innovation Award in the “Business Continuity” category. Nintex selected Capital Bank for its innovative response in digitally transforming its SBA application process, leveraging existing technologies in new ways to create a secure, end-to-end automated solution to support the launch of the Paycheck Protection Program (PPP) – offering a lifeline to small businesses during the pandemic. Read More

The Do’s and Don’ts of Getting, Using a Paycheck Protection Program Loan

The devil is in the details for small-business owners seeking funding from the Paycheck Protection Program. A missing signature can derail your PPP loan application for days or even weeks, delaying desperately needed financial help. And disorganized record-keeping can lead to headaches when you apply for forgiveness and you have to show how each and every dollar of your PPP loan was spent. Read More

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NBC4: Maryland Bank Gets Hundreds of Small Businesses Approved for Paycheck Protection Loans

A small community bank in Maryland helped hundreds of small businesses get approved in the first round of paycheck protection program loans. Capital Bank, N.A., knew it had to act fast – and waiting for the government to tell them how this was going to work wasn’t an option. Read More Watch Video

The Washington Post: To Get a Small-Business Loan, Try a Smaller Bank

The borrowers who have been happiest with the Paycheck Protection Program used community lenders, like Capital Bank, N.A., rather than the national giants. Read More

Washington Business Journal: Congress Readies More PPP Funding for Small Businesses

The SBA Paycheck Protection Program is set to get more funding from Congress, but there are still more questions swirling around the program’s details. Capital Bank, N.A., CEO Edward Barry weighs in. Read More

BenefitsPRO: Are Small Businesses Getting a Fair Shake Through PPP?

While many companies were shut out of the first wave of relief under the PPP, Capital Bank, N.A., swiftly designed a process to get money into small business owners’ hands. Read More

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The second tranche of PPP loans may go even quicker than first. Maryland-based Capital Bank, N.A., is poised to respond. Read More

Bloomberg: To Get a Small-Business Loan, Try a Smaller Bank

In the 14 days the PPP program was open, Capital Bank, N.A., was able to get 598 applications approved, with a median loan amount of $118,000. Read More

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Capital Bank, N.A., based in Rockville, Maryland helped 598 small-business PPP applicants get SBA-backed federal aid totaling over $172 million. And its CEO noted that it’s girding for more.Read More

The New York Post: Small Businesses Say Banks Fumbled Applications in First Round of PPP Funding

While big banks dropped the ball on securing funds for PPP applicants, Maryland community bank, Capital Bank, N.A. was able to process $172 million in loans for local small businesses. Read More

Nimble technology and an all-hands-on-deck focus to aid small businesses paid off

ROCKVILLE, Md., April 20, 2020 /PRNewswire/ — By the time the federal Paycheck Protection Program (PPP) ran out of money this week, Maryland-based Capital Bank, N.A., had been able to help 597 small-business PPP applicants get Small Business Administration (SBA) authorization for federal aid totaling over $173 million. All but a few of those small businesses are here in the DMV region. The Bank anticipates having the required loan closing and booking details to fund the loans wrapped up in about a week.

“We of course hope Congress approves additional PPP funding so we can help even more small businesses secure the aid they desperately need,” said Capital Bank, N.A., CEO Edward Barry, “but we are elated to have been able to help this enormous number of applicants successfully get through the SBA’s process and obtain PPP loans.”

Barry added that this was truly a herculean effort by Bank staff, involving new website functionality and an all-hands-on-deck customer-service focus on helping small businesses. Throughout, the Bank shepherded applicants through the process to rapidly help as many as possible — including small businesses that had no prior relationship with Capital Bank.

Even before the SBA had finalized its PPP rules, the Bank built—in only five days—a special portal to which PPP applicants could upload SBA-required information even expanding its electronic signature functionality for all loan and deposit applications. Then Bank staff completed the loan applications and submitted them to the SBA on the applicant’s behalf.

While a lot of people think only big companies received PPP money, it’s important to note that all of Capital Bank’s clients who secured loans are small businesses. In fact, Capital Bank has been among the top two SBA community lenders by loan volume in the DMV region since 2014, ascending to #1 last year. The Bank’s high PPP success rate stems in part from its years of small-business lending experience and having dedicated staff that specializes in SBA loans.

PPP loans are capable of ultimately being forgiven by the federal government, so Capital Bank has already started working to streamline the process and make loan forgiveness easy to obtain. Forgiveness won’t start for another seven to eight weeks under federal PPP rules, and the Bank is developing resources to help applicants who received a PPP loans navigate the forgiveness process, leveraging its internal expertise as the DMV region’s top SBA-loan originator.

About Capital Bank
Capital Bank, N.A., is the eighth largest bank headquartered in Maryland. The Bank has been providing financial services since 1999 and operates branches in five locations in the greater Washington, D.C., Virginia and Baltimore metro area. The Bank is a wholly-owned subsidiary of Capital Bancorp, Inc., which had assets of approximately $1.4 billion at December 31, 2019; its common stock is traded in the NASDAQ Global Market under the symbol “CBNK.” More information can be found at the Company’s website www.CapitalBankMD.com under its investor relations page.

Media Contact:
Kathy Fowler
On The Marc Media
410-963-2345
[email protected]

https://www.prnewswire.com/news-releases/capital-bank-na-helped-hundreds-of-dmv-small-businesses-secure-173-million-in-ppp-loans-301043204.html

I wanted to personally reach out to our valued customers, employees and shareholders to discuss the steps Capital Bank has taken in response to the recent COVID-19 coronavirus.  The health and safety of our customers, employees, and our local communities is our primary concern.

As a leading financial institution in the communities we serve, Capital Bank endeavors to ensure that our customers receive the service that our customers have come to expect, regardless of weather-related events, changes in market conditions, or during other periods of uncertainty like COVID-19.  Capital Bank is prepared to assist our customers during this time as we continue to monitor updates in real-time from the Centers for Disease Control (“CDC”), World Health Organization (“WHO”), Financial Regulatory Authorities, and our local and state health departments.  Currently, the bank is operating with no business disruptions due to COVID-19.

Digital Offerings

As you know, Capital Bank has remote and mobile deposit capability along with our mobile apps designed to enable our Commercial Banking customers with their day-to-day management of accounts (iTunes: Capital Bank Mobile Business and Google Play: Capital Bank Mobile Business.)  I encourage all of our customers to download these and work with the branches to start using them today.  And, of course, you have access to your accounts online via our Business Online Banking functionality.

Branch Network

Our branches continue to deliver our normal services and our hours of operation remain unchanged.  If you prefer to visit one of our branches, please know that the bank has increased the frequency of cleanings with CDC compliant cleaning agents and chemicals.  Additionally, we have implemented internal protocols that limit the exposure of employees and our customers which follow the appropriate CDC guidelines.

Customer Support

I encourage everyone to take care of themselves and others and to follow CDC, WHO, local and state health department guidelines.  As always, Capital Bank stands ready to assist our customers.  To automate any loan payments or help ease financial difficulties, we encourage customers to contact their dedicated loan officer directly or to call the bank at 301-468-8848 and we will work to assist with their needs

I wanted to remind you that instances of fraud and identify theft may increase in times of uncertainty.  Capital Bank will never ask you for personally identifiable information, such as your social security number, date of birth, or account numbers, either through E-mail or over the phone.  If you receive any requests for this type of information, please contact us directly to verify the request.

Thank you for your continued trust and confidence in Capital Bank.  Not only are we committed to our banking relationship, but also keeping our customers, our employees, and our local communities safe where we all live and work each day.

Sincerely,

Ed Barry, CEO

ROCKVILLE, Md., November 7, 2019

In recent years, Capital Bank’s Community Lending Manager Lola Pol and her devoted team has worked diligently to provide home loans for first-time and low-income homebuyers. Capital Bank believes everyone deserves a chance at homeownership. That’s why we continue to work with down payment assistance programs to provide the people in our community with home buying opportunities.

The ABA (American Bankers Association) Foundation Community Commitment Awards, recognizes banks across the country for their contributions to community development and economic growth. This year, Capital Bank has been named as an Honorable Mention! We are proud to continue growing and expanding community lending so everyone has a chance at homeownership.

About Capital Bank, N.A.

Capital Bank, N.A., is the eighth largest bank headquartered in Maryland.  Capital Bank has been providing financial services since 1999 and operates bank branches in five locations in the greater Washington, D.C., Northern Virginia and Baltimore, Maryland markets to serve its clients in and beyond that geography.  Capital Bank also has two nation-wide consumer lending brands, Capital Bank Home Loans, a mortgage division that originates conventional and government-guaranteed residential mortgage loans, and OpenSky which provides secured credit cards to under-banked individuals and those who look to rebuild their credit scores. With a specialization in adapting traditional and current digitally based banking products to solve its customers’ most pressing needs and providing personalized services; the Bank has grown to total assets greater than $1.1 billion and its common stock, for its parent company Capital Bancorp, Inc. is traded in the NASDAQ Global Market under the symbol “CBNK.” More information can be found at the Company’s website www.capitalbankmd.com under its investor relations page.

Media Contact:

Ed Barry

240-283-1912

SOURCE Capital Bank, N.A.

Increases in Net Interest Income and Noninterest Income contributed to a 42% year-over-year increase in Net Income
ROCKVILLE, Md., Oct. 22, 2019 (GLOBE NEWSWIRE) — Capital Bancorp, Inc. (the “Company”) (NASDAQ: CBNK), the holding company for Capital Bank, N.A. (the “Bank”), today reported net income of $4.5 million, or $0.32 per diluted share, for the third quarter of 2019. By comparison, net income was $3.1 million, or $0.26 per diluted share, for the third quarter of 2018. Return on average assets was 1.42% and return on average equity was 14.04% for the third quarter of 2019.

ROCKVILLE, Md., Sept. 5, 2019 /PRNewswire/ — Capital Bank, N.A. is pleased to announce that American Banker has named it a top employer in 2019 for the seventh annual survey of the “Best Banks to Work For.” Commercial and retail banks are considered for the American Banker accolade after extensive employee surveys and employer reports on benefits and policies.

“It’s an honor to have received this award,” says Eric Suss, Executive Vice President, Chief Human Resources Officer. “Yet what makes me most proud is that this award is based on our employees’ responses.” The team had high praise for the Bank’s work environment and culture, calling it a collaborative environment, a fun place to work, with flexibility and ‘awesome’ paid time off.

What makes Capital Bank an industry standout is its emphasis on recruitment. “We make recruiting a top strategic priority,” says Edward Barry, Chief Executive Officer at Capital Bank. “Often a recruit’s first non-HR conversation is with me, where I assess for fit with our vision and value proposition.”

Capital Bank also underscores servant leadership, helping others be successful in their careers and lives. Much to its employees’ satisfaction, Capital Bank emphasizes work/life balance, as evidenced by Barry’s challenge to employees to make enjoying their lives a priority and not an after-thought to work.

Just as digital innovation is an inherent part of Capital Bank, so is communication, particularly face-to-face interactions. Employees cited their ability to easily pitch ideas, share thoughts and access all levels of management, including the CEO. Adds Barry, “I meet with people in small groups often to share where we’re going and get feedback. I’m also a huge believer in context. I share my thought process and facts so people see what I see and better understand how I make decisions. My belief is that if you give people context, they can more effectively bring their talents to work.”

Capital Bank has 238 employees across the Washington, DC metropolitan area up to Pennsylvania. Its culture fosters an entrepreneurial spirit that inspires its team to get things done and to grow, both professionally and personally. Says Suss, “We look forward to continuing to welcome new talent to our family, and making Capital Bank the “Best Bank to Work For” in 2020.”

About Capital Bank, N.A.
Capital Bank, N.A., is the eighth largest bank headquartered in Maryland.  Capital Bank has been providing financial services since 1999 and operates bank branches in five locations in the greater Washington, D.C., Northern Virginia and Baltimore, Maryland markets to serve its clients in and beyond that geography.  Capital Bank also has two nation-wide consumer lending brands, Capital Bank Home Loans, a mortgage division that originates conventional and government-guaranteed residential mortgage loans, and OpenSky which provides secured credit cards to under-banked individuals and those who look to rebuild their credit scores. With a specialization in adapting traditional and current digitally based banking products to solve its customers’ most pressing needs and providing personalized services; the Bank has grown to total assets greater than $1.1 billion and its common stock, for its parent company Capital Bancorp, Inc. is traded in the NASDAQ Global Market under the symbol “CBNK.” More information can be found at the Company’s website www.capitalbankmd.com under its investor relations page.

Media Contact:
Ed Barry
240-283-1912

SOURCE Capital Bank, N.A.

To read the full press release, visit PRNewswire.