ROCKVILLE, Md., Sept. 17, 2018 /PRNewswire-PRWeb/ — Capital Bancorp, Inc. (“Capital” or the “Company”), the bank holding company for Capital Bank, National Association, today announced the launch of its initial public offering of common stock. Capital intends to offer 1,500,000 shares of its common stock and selling shareholders intend to offer 728,736 shares of common stock. The initial public offering price is currently expected between $12.50 and $14.50 per share. Capital also expects to grant the underwriters a 30-day option to purchase up to an additional 334,310 shares of its common stock. In connection with the initial public offering, Capital expects to list its common stock on the Nasdaq Global Market under the trading symbol “CBNK.”

Capital intends to use the net proceeds from the proposed offering to fund the organic growth of its commercial and consumer business lines and for general corporate purposes, which could include future acquisitions and other growth initiatives. Capital will not receive any proceeds from the sale of shares of common stock by the selling shareholders in the offering.

Keefe, Bruyette & Woods, A Stifel Company, and Stephens Inc. are acting as joint book-running managers for the offering. Sandler O’Neill + Partners, L.P. and Hovde Group, LLC are acting as co-managers for the offering.

The offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the offering may be obtained from Keefe, Bruyette & Woods, Inc., Attention: Equity Capital Markets, 787 Seventh Avenue, 4th Floor, New York, NY 10019, or by calling (800) 966-1559, or from Stephens Inc., Attention: Syndicate, 111 Center Street, Little Rock, AR 72201, or by calling (501) 377-2131.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy these securities be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About Capital Bancorp, Inc.

Capital is a registered bank holding company for Capital Bank, National Association, headquartered in Rockville, Maryland. Capital Bank, National Association, is a commercial-focused national banking association that offers commercial and consumer banking services to clients in the Washington, D.C. and Baltimore, Maryland metropolitan areas, alongside two nation-wide consumer lending brands, Church Street Mortgage, a mortgage division that originates conventional and government-guaranteed residential mortgage loans, and OpenSky which provides secured credit cards to under-banked populations and those looking to rebuild their credit scores. As of June 30, 2018, Capital had total assets of $1.1 billion, total loans held for investment of $920.8 million, total deposits of $938.4 million, and total stockholders’ equity of $87.0 million.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements. These forward-looking statements reflect Capital’s current views with respect to, among other things, the commencement and completion of the initial public offering of its common stock. Any statements about Capital’s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “could,” “should,” “seeks,” “projects”, “can”, “ongoing”, “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of those words or other comparable words. Capital cautions that the forward-looking statements in this press release are based largely on Capital’s expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond Capital’s control. Actual results, performance or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements. Any forward-looking statements presented herein are made only as of the date of this press release, and Capital does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, new information, the occurrence of unanticipated events, or otherwise, except as required by law.

ROCKVILLE, Md., July 10, 2018 /PRNewswire/ — Capital Bank, N.A. is pleased to announce the expansion of its branch network to Northern Virginia. The new branch, located in Reston Virginia, recently opened and is ready to bank both commercial and consumer clients, and be the first Capital Bank N.A. branch to serve the region.

With branches in Washington, DC and Maryland, Capital Bank has seen significant growth in Northern Virginia over the last year. According to a recent study noted in the Washington Post, three out of four of the state’s largest jurisdictions are now in Northern Virginia. Previously, Virginia ranked #7 of top states for business.

“More and more, we’ve been experiencing growth in new clients from Virginia,” says Ed Barry, CEO of Capital Bank, N.A. “An expanded footprint into Northern Virginia was the next logical step for Capital Bank, as interest and reach for our solutions has been tremendous.”

Capital Bank credits its expansion to its “uncommunity” community bank culture. Focusing more on interactions than transactions, Capital Bank’s corporate culture emphasizes partnering with clients to help create value, sustaining their individual businesses as well as the larger community. In addition, Capital Bank is a top lender of SBA loans, with an SBA specialist on board to focus on serving startups.

What sets Capital Bank apart is changing processes or bringing in tools to support its clients. After a conversation to unearth the need, a solution is developed, not because it satisfies all clients, but because it’s the right thing to do — whether it’s to bring additional functionality to existing products, or tailoring entire processes to support clients in niche industries.

“We are finding that more and more customers want to do business with a bank that invests the time and resources to support their business needs; it’s how we expanded in to Virginia before even opening up our branch there,” adds Barry.

Today, Capital Bank is a leading bank for its asset size in the Mid-Atlantic region, with $1 billion in assets. “With the addition of the Northern Virginia branch, we look forwarding to bringing our ‘uncommunity’ community bank culture to more small businesses and individuals in the region.”

For more information on Capital Bank, please contact Ksenia Valentine at 301-468-8848, ext. 2037 or visit CapitalBankMd.com.

ROCKVILLE, Md., Sept. 13, 2017 /PRNewswire/ — Capital Bank, N.A., employees are making the most of leadership’s encouragement to “think outside the bank.” They are inspiring cardholders of the OpenSky^® Secured Visa^® Credit Card, a division of Capital Bank, to give to Hurricane Harvey and Hurricane Irma relief efforts – and are matching donations up to $20,000 total.

Through a series of emails, Facebook ads, and Facebook posts rolling out this week, cardholders are invited to donate to the American Red Cross disaster relief fund by using their OpenSky credit cards. OpenSky will track donations and match them dollar-for-dollar, up to a total combined donation of $20,000.

“The two key things that set Capital Bank apart from the competition are our talent and our entrepreneurial culture,” said Ed Barry, CEO. “So when valued employees came to me and said, ‘we want to launch a campaign that works with our OpenSky cardholders to help those impacted by the hurricanes,’ I said great, let’s do it!”

The Maryland-based regional bank has gone through a period of rapid, strategic growth over the past five years, increasing its commercial lending and mortgage banking territories and expanding to adjacent markets. The OpenSky division was acquired just prior to that time frame. Since then their market share in secured credit cards has increased and the card’s profile and reputation have gone up exponentially, mostly through customer-focused social media and consumer credit websites.

“I’m very proud of our team coming up with this idea to help the people of Texas, Florida, and other affected areas, some of whom are our card customers,” said Barry. “Our corporate goals have always included equipping employees with the skills to collaborate, innovate, and give back to the communities we serve.”

For more information or to set up an interview with CEO Ed Barry, please contact Ksenia Valentine at [email protected] or 301-468-8848, ext. 1272.

About Capital Bank
Capital Bank, N.A., is a leading privately-held business bank in the Washington, D.C. metropolitan area that offers a range of services encompassing cash management, commercial lending, consumer credit and residential mortgage/Veterans Administration home loans.  With double-digit asset growth over the past –four years, Capital Bank has nearly $1 billion in assets and is well positioned to fulfill its culture of collaborative partnerships and solutions for area businesses and consumers nationwide. For more information, visit https://capitalbankmd.com

Member FDIC. An Equal Housing Lender.  CAPITAL BANK, PARTNERS IN YOUR VISION

About OpenSky
OpenSky is a business line of Capital Bank, N.A. that focuses on delivering credit building tools and resources to help consumers establish or re-build their credit. OpenSky credit card products are designed to be easy to get, easy to use and offer variable credit lines, allowing consumers with any financial needs to build a solid credit history. The OpenSky® Secured Visa® Credit Card was named one of 2017’s best and easiest to get secured credit cards to build or rebuild credit by both NerdWallet.com and WalletHub.com. OpenSky is committed to helping consumers meet their financial goals through the power of strong credit and credit knowledge. For more information visit https://www.openskycc.com

ROCKVILLE, Md., June 15, 2017 /PRNewswire/ — Three years after opening a commercial lending team in the area, Capital Bank, N.A. is excited to announce the launch of its newest branch in Columbia, MD. With a grand opening on June 22, 2017, this new full-service office, located at 6711 Columbia Gateway Drive, Suite 170, Columbia, MD 21046, will serve both commercial and consumer customers in the surrounding region.

The team in Columbia has built up local businesses and created an expanded client base, so the next logical step was to open a new branch in the area. By expanding the Bank’s footprint, it is a meaningful step to meet demands of businesses and continue to grow.

“We are having significant traction in bringing Capital Bank to the Columbia marketplace and we felt it was time to expand our commitment to the area,” says Ed Barry, CEO of Capital Bank, N.A.

The Bank is deliberate on where and when they open new branches, as they continue to work with enhancements for digital based products to make banking easier. During the seven year span between branch openings, Capital Bank has been focused on building a digital base for its customers to keep them in their workplaces instead of in the branches.

This investment in digital strategies is part of the reason Capital Bank has been ranked in the top 4% of banks in the nation by S&P Global Market Intelligence, an organization which is the premier provider for financial data, for 2014, 2015 and 2016, for banks with less than $1 billion in assets. Capital Bank is committed to continued growth and digital improvements to make banking run smoothly for their clients.

For more information on Capital Bank, please contact Ksenia Valentine at 301-468-8848 ext. 1272 or visit www.CapitalBankMd.com.

About Capital Bank, N.A.

Capital Bank, N.A., is a mid-sized bank focused on serving the diverse needs of business owners in the greater Washington, D.C. metropolitan area. Capital Bank is headquartered in Rockville, Maryland and is a subsidiary of Capital Bancorp, Inc. and member of the Federal Reserve Bank system. Focusing more on interactions than transactions, Capital Bank has a corporate culture that emphasizes partnering with clients to help create value, sustaining their individual businesses as well as the larger community. Capital Bank offers a range of services, encompassing cash management, commercial lending, consumer credit and residential mortgage/Veterans Administration home loans.

Member FDIC. An Equal Housing Lender.

SOURCE Capital Bank N.A.

ROCKVILLE, Md., May 25, 2017 /PRNewswire/ — Capital Bank, N.A. is proud to announce that its Chief executive Officer Ed “Jed” Barry is a 2017 regional finalist for the Ernst & Young Entrepreneur Of The Year® Award in the Mid-Atlantic region. This marks the second consecutive year in which Barry has been nominated for this prestigious award.

ROCKVILLE, Md., May 3, 2016 /PRNewswire/ — Capital Bank, NA, is again recognized as one of the best performing community banks in the nation in their asset class, according to annual rankings by S&P Global Market Intelligence (formerly SNL Financial).

In rankings released at the end of March 2016, Capital Bank performed in the top four percent of all banks in 2015 with assets less than $1 billion (ranking #170 out of 4258 in that category). Performance was ranked using six core financial performance metrics that focused on profitability, asset quality and growth for a 12-month period ending Dec. 31, 2015. With Midwest banks dominating the top rankings, Capital Bank – headquartered in Maryland – remains one of the top-performing banks in theWashington, DC metropolitan region.

“We’re a growing financial institution, acting on a philosophy of smart growth,” says Ed Barry, CEO of Capital Bank. “This recognition is a nice reward for sound decision-making across the organization.”

Commercial banking and diverse non-interest income divisions, alongside a well-capitalized portfolio have allowed for steady growth. Capital Bank has seen a return-on-asset growth of at, or nearly, two times its peer-group averages.  Balance sheet and earnings have realized a compounded annual growth rate of 30 percent in the last five years. And, in December 2015, Capital Bancorp, Inc. completed a capital raise of $13.5 million through a private placement with institutional investors. The capital raise was completed in a matter of days, reflecting marketplace validation of Capital Bank’s management and performance.

“Capital Bank has created stability for our clients, employees and investors,” says Scot Browning, President. “Just as important, we have a forward-thinking approach to finding solutions that create success for all our stakeholders. That’s what really drives our growth.”

About Capital Bank

Capital Bank, N.A., is a leading private commercial bank in the Washington, D.C. metropolitan area that offers a range of services encompassing cash management, commercial lending, consumer credit and residential mortgage/Veterans Administration home loans.  With double-digit asset growth over the past three years, Capital Bank has more than $770 million in assets and is well positioned to fulfill its culture of collaborative partnerships and solutions for area businesses and consumers nationwide. For more information, visit https://capitalbankmd.com

Member FDIC. An Equal Housing Lender.  CAPITAL BANK, PARTNERS IN YOUR VISION

Media Contact:

Ksenia Valentine
301-468-8848 ext. 1272

SOURCE Capital Bank N.A.

ROCKVILLE, Md., Feb. 2, 2016 /PRNewswire/ — Capital Bank, N.A., a mid-size bank with a reputation for supporting the growth of Washington, DC-area mid-market businesses, has rolled out an integrated mobile app to enhance clients’ banking experience. Mobility is an important consideration for companies searching for a bank with technology solutions – only about two percent of community banks offer apps for small-to-medium size businesses, according to American Banker.

Though the largest banks have mobile business apps, they usually support corporate clients. Apps for small businesses may be rare due to security concerns and the ability to approximate a user experience close to what consumers are used to, says American Banker. The Capital Bank business app places security at the top of the list. Users go through authentication for every money movement transaction as well as other interactions within the app. Business Mobile Banking users will be able to set alerts for push-through notifications, initiate transfers and Positive Pay as well as notify account holders of approvals.

“We serve our clients by giving them tools that make the business of managing their business easier and more convenient,” says Scot Browning, President of Capital Bank. “And today that means digital tools that give our clients greater access to their finances through technology, which are time-savers to small business owners already stretched to their limits.”

Creating a business mobile app is more complicated than a personal banking app, due to the levels of security and access. It also has to match multi-faceted business needs yet still be relatively simple to use. Capital Bank’s business app allows business owners to maintain an overview of finances by checking account balances and transactions at a glance, to transfer funds among accounts to manage cash flow and to pay money out.

Capital Bank Business app is available for Apple and Android devices. It is downloadable from the Apple store and Google Play and is free to Capital Bank online banking business customers.

For more information on Capital Bank or to interview Scot Browning, please contact Ksenia Valentine at 301-468-8848 or email.

ROCKVILLE, Md., Dec. 11, 2015 /PRNewswire/ — Capital Bancorp, Inc., parent of Capital Bank, N.A., recognized earlier this year as among the top-performing banks in the nation with assets under $2 billion by American Banker Magazine, has recently completed a capital raise of $13.5 million. Working with Sandler O’Neill + Partners, L.P., as placement agent and Holland & Knight as legal counsel, the Bank issued subordinated notes, due 2025, through a private placement with institutional investors.

The proceeds from the capital raise, completed at the end of November, will be used to support Capital Bank’s continued organic growth across its regional commercial banking business as well as its growing nationwide consumer-lending businesses in mortgages and credit cards. More immediately, the funds will give Capital Bank the ability to refinance outstanding debt and to buy back shares to further enhance shareholder value, as well as fund potential future acquisitions.

“We made the decision to raise capital with clear goals in mind,” says Ed Barry, CEO of Capital Bank, N.A. “With strong management and a solid infrastructure across all of our divisions, we are in a good place to accelerate our growth trajectory in the Washington DC-Baltimore MSA and believe that this capital infusion will help us expand our already proven strategy.”

Capital Bank has seen return-on-asset growth of at, or nearly, two times its peer group averages with a compounded annual growth rate of 27% since 2010. In addition, superior balance sheet and earnings have realized a compounded annual growth of 30% also in the last five years.

Capital Bank commercial lending uses an efficient local-based branch model that delivers high touch service to underserved business owners and investors with complex needs. The bank’s consumer lending platforms provide consumers with easy access to competitively priced mortgages including VA home loans, and a secured credit card offering helps consumers with little or poor credit history build credit.

For more information on Capital Bank or to interview Ed Barry, please contact Ksenia Valentine at 301-468-8848.

Capital Bank ranked 56 out of 5000 banks with up to $2 billion in assets.

Rockville, MD (PRWEB) June 23, 2015

Capital Bank, N.A. has been recognized as a top-performing bank in the nation. American Banker Magazine ranked Capital Bank in the top one percent among all public and private banks in the U.S. with assets totaling up to $2 billion—ranking the Washington, DC metro area bank at 56 out of 5000 in its category and placing it first in the region. The rankings, released in May, underscore Capital Bank’s accomplishments in 2014, ending a year of double-digit asset growth—the third in a row—with more than $600 million in assets.

“This is an exciting year for us,” says Ed Barry, CEO of Capital Bank, N.A. “I am proud of the team’s hard work and commitment to our clients that has resulted in this recognition.”

Since the beginning of 2015, Capital Bank has been ranked as a Top 100 best performing community bank in the U.S. in its asset class by SNL Financial, and named a “Future 50” fast-growth, mid-size company to watch in the Greater Washington, DC area by SmartCEO magazine. Capital Bank’s core commercial lending business also has been noted by the U.S. Small Business Administration as ninth in the nation for both number and size of SBA loans administered—outranking larger community and nationwide banking institutions.

For the American Banker Magazine rankings, Capital Performance Group analyzed financial data based on regulatory financials, ranking institutions in three categories—community banks (less than $2 billion in assets), midsize banks ($2 billion to $10 billion in assets) and large banks ($10 billion to $50 billion). High performers were approximately the top 10 percent of banks within each category, based on a three-year average return on equity from 2012 to 2014.

Capital Bank has concentrated its growth on the very things that the banking industry sees as integral to high performers. Capital Bank’s growth is scaled to the communities it serves in the DC metro area, and to measured growth into nearby regions. Investment has been in systems and solutions to support loan and core deposit growth, particularly by increasing technology and expert staff while keeping brick-and-mortar branches to a minimum. The bank’s double-digit asset growth over the past three years exceeds the median revenue growth of its peers, and is based on a diversified portfolio that includes mortgage loans and a consumer credit division.

The focus of the bank’s growth has been on capturing a large share of the small- and mid-size business banking in its geographical market. In addition to commercial loans, Capital Bank offers flexible solutions and highly personalized services that attract area business clients. As a dynamic, growing company itself, Capital Bank understands the needs of businesses in growth mode. The bank develops products and services ranging from customized deposit technology to expert business bankers, meeting current client needs across many industries— commercial real estate, government contracting, health services, hospitality, nonprofit organizations and professional services—as well as preparing businesses for the future.

The bank has attracted top talent, with two loan officers from its Home Loans division recently recognized as among the top 50 mortgage originators in America by Mortgage Executive Magazine, with team member Brian Blonder ranked number 10 in the country and Brad Cohen ranked at 47. A new hire is industry heavy-hitter Anthony (“Tony”) J. Pica as Senior Vice President, Commercial Lending. Pica oversees three teams that provide financing and cash management solutions for middle-market size companies throughout the Washington, DC metropolitan area. He will be also working with the bank’s senior leadership to expand services into the Chesapeake and Northern Virginia regions.

“We remain committed to continued growth, and recognize that our success is directly related to our clients,” says Barry. “We are more than a transactional bank, we’re a partnership bank. We are as invested in our clients’ growth and stability as we are in our own.”

Updated digital storefront honors bank’s commitment to technology to meet client needs

Rockville, MD (PRWEB) June 16, 2015

Capital Bank, N.A., a top-rated bank, launches its new website today. The bank has updated its digital storefront with fresh features and a modern look-and-feel to meet the needs of a widening client base in the Washington, DC metropolitan region and beyond, as well as its nationwide mortgage business.

“We want to be ahead of the curve with our commitment to technology,” says Ed Barry, CEO of Capital Bank, N.A. “The new website has better navigation than before, which makes it easier for visitors to get the information they need and to get in touch with someone at the bank to continue the conversation.”

Capital Bank is dedicated to the use of technology for business and personal banking, limiting its brick-and-mortar branches and designing its new website as a foundation for increasing electronic capabilities. A study by banking industry analytics group Novantas LLC shows that the number of common transactions traditionally conducted within bank branches has been declining since 2006. The industry is increasingly moving toward online banking, mobile transactions, and on-site self-serve computer screens and kiosks while decreasing the number of tellers and branch offices, according to Bankrate.com. Banks overall are making front-end technological investments to attract more customers and reduce costs on the back-end. Some 30-40 percent of bank clients never set foot in a branch, according to Novantas.

Capital Bank’s new website offers products and solutions for the bank’s core small- to mid-sized business clients, with offerings tailored to specific industry sectors. A new feature provides easy connection to Capital Bank’s lending and commercial business experts in each sector. The bank has an established mobile check deposit for business accounts, and now has a mobile business-banking app in the works since volume from mobile devices has been steadily increasing.

In addition to personal banking online, the new website presents a streamlined Home Loans division with online resources that guide clients through a simple start-to-finish process. Individuals and families looking to purchase or refinance a home can complete their application and track their loan status electronically, from anywhere that is convenient.

With forward thinking and implementation that belies its size, it is no surprise that Capital Bank has been receiving high praise and recognition. Based in part on its three-year progression of double-digit asset growth 2012-2014 as well as other criteria of high performance, Capital Bank in 2015 is ranked one of the Top 100 best-performing community banks in the nation in its asset category by SNL Financial (ranked number 30) and American Banker Magazine (ranked number 56)—and was named a 2015 Future 50 Company to watch in the DC metro area by SmartCEO magazine. The U.S. Small Business Administration current ranking for Capital Bank is number two among community lenders and in the top 10 among all participating lenders in the Washington Metropolitan District for loan volume.

On June 11, Capital Bank hosted a customer appreciation event at Redwood Restaurant and Bar in Bethesda, and shared the new capitalbankmd.com website to great response from clients.

“Our client relations have always been the most important part of our success,” says Scot Browning, President of Capital Bank. “That’s why we’ve made the investment in technology that we have, to reach our clients where they live and work.”

Sources for Reviewers:
Paragraph 3, sentences 2 and 3: http://www.bankrate.com/finance/banking/tech-trends-future-of-banking.aspx#slide=1
Paragraph 3, final sentence: (as quoted in a May 9, 2015 article in The Economist) http://novantas.com/the-great-pruning-bank-branches/