Capital Bank, N.A., has been named a 2015 Future 50 company to watch in the Greater Washington area by SmartCEO magazine. According to SmartCEO standards for selection, Capital Bank and the other award winners “embody the spirit of leadership and success in their industries” making these companies a representative sample of the future of the region’s economy.
“It’s great to be recognized by SmartCEO for our success, which is directly related to sharing our clients’ vision of what their businesses can be—that’s what has built our reputation,” says Ed Barry, Capital Bank CEO.
The Future 50 award winners represent the area’s fast-growth, mid-size companies based on a three-year average of employee and revenue growth. Capital Bank has seen consistent, double-digit asset growth year-over-year for the past three years, with 26% asset growth in 2014 alone as they ended the year with more than $600 million in assets and no acquisitions.
Capital Bank’s secret sauce is in their culture of measured growth and in their approach to working with their clients. In an industry where business customers typically have specific transactions but limited interaction, Capital Bank has proven to be more than just a transactional bank; it has a collaborative culture of bankers that work with their clients to find a solution.
“Understanding the connecting points around a business is what enables us to adopt a personalized, long-term approach with all of our clients. It’s not just about the transaction,” says Scot Browning, Capital Bank President, “It’s about helping businesses succeed and grow.”
This evidence of successful customer solutions is found across all of the bank’s business areas. Capital Bank’s core commercial lending business was noted in the top ten by the U.S. Small Business Administration Washington Metropolitan District Office for quantity and volume of SBA loans administered—outranking larger community and national banking institutions.
And, it’s not just in commercial lending either. Capital Bank’s consumer lending divisions adopt a similar model. The credit card division, OpenSky, has been focused on providing credit rebuilding tools and financial education to its customers. Similarly, Capital Bank Mortgage, which originates almost half a billion dollars a year in loan volume, employs three of the top mortgage originators in the nation – who are able to continue to achieve that notoriety because of their expertise and their dedication to helping their customers get the right loan.
Based on the bank’s excellent reputation, Capital Bancorp, parent company of Capital Bank, completed $5 million of senior debt financing in less than two days in August 2014, sourced solely through local private investors. The level of investor interest and amount of funds available validates Capital Bank’s financial performance and growth strategy.
“We have big plans for growing Capital Bank even further,” says Barry. “And we’re committed to providing our clients with the information and insight they need to plan for their growth, too.”
Capital Bank brings great value to individual clients and broader initiatives to the community at large, such as the Thinking Ahead business series—events that bring knowledgeable experts to the area as a resource to help local businesses learn, plan and grow. Events have attracted hundreds of attendees and are an impressive financial and time commitment for a bank of their size, but Capital Bank believes that investing in area businesses makes sound economic sense for the future of the metropolitan Washington region.