Capital Bancorp, parent company of Capital Bank N.A., announced that it recently completed $5 million of senior debt financing. This senior debt financing was sourced solely through local private investors without the need of any institutional investors. “We were very pleased with the outcome of this offering,” said Ed Barry, CEO of Capital Bank. “Not only by the depth of support within the local investor community, but also by the speed with which we raised the necessary funding.”
The debt needs of Capital Bancorp were oversubscribed within a mere two days, forcing the company to turn away potential investors demonstrating the notoriety of the Capital Bank leadership team, as a strong team that continues to make the right decisions in steering Capital Bank towards its future. “The level of interest and amount of funds available to us validates our growth strategy and financial performance” said Barry.
Capital Bank N.A, headquartered in Rockville, MD is a leading private business bank in the Washington, D.C. metropolitan area. With more than $560 million in assets and an annualized growth rate of 24%, the Capital Bank leadership team has proven its decision making acumen and its ability to take the right kinds of risks to grow. These results continue to put Capital Bank in a strong position of being able to source funding from a wide variety of options and at attractive rates.