Capital Bank, N.A. has been ranked number 30 in the Top 100 community banks in the U.S. for 2014 by SNL Financial in their annual ranking of best performing community banks between $500 million and $5 billion in assets. Based on the criteria outlined by SNL Financial, 805 companies were eligible for the $500 million to $5 billion ranking.
This ranking placed Capital Bank as the first bank listed for the Washington, DC metropolitan region and comes on the heels of being recognized as one of the Top 50 growing companies in the area by SmartCeo magazine in December. Capital Bank’s smart growth strategy combined with the strength of their customer experience are propelling the company forward as a leading bank in the region and one to keep an eye on for the future.
Capital Bank has seen consistent, double-digit asset growth year-over-year for the past three years with 26% asset growth in 2014 alone, ending the year with more than $600 million in assets. Included in the SNL evaluation was the pace of the bank’s organic growth (versus banks that grew by mergers and acquisitions) while still generating value for the firm and its shareholders. SNL ranked banks with between $500 million and $5 billion in assets and evaluated them based on core performance metrics reached in 2014.
“This is terrific recognition for the team,” said Ed Barry, CEO of Capital Bank. “And it’s further validation that with our emphasis on client service we are headed in the right direction.”
Capital Bank focuses more on interactions than transactions. As the company has minimized its number of brick-and-mortar branches and maximized the use of technology, its relationship bankers often travel to business clients to work out solutions for banking needs onsite. With a specialty in serving small- to mid-size businesses, the bank also sponsors a series of speakers during the year to provide information and growth strategies on issues affecting the area economy. Capital Bank’s corporate culture emphasizes partnering with clients to help grow and sustain individual businesses as well as the larger community.
“What the SNL Financial ranking does is tell everyone else what we already knew, that we at Capital Bank are in high growth but also sustainable growth mode,” said Barry. “Our level of investor interest, client loyalty, and financial performance just keeps getting stronger.”
SNL Financial is the premier provider of breaking news, financial data and expert analysis on business sectors critical to the global economy: Banking, Insurance, Financial Services, Real Estate, Energy, Media & Communications and Metals & Mining.