Question 1

What is Capital Bank?

Accepted Answer

Capital Bank is a commercially-focused national bank headquartered in Rockville, Maryland, serving the Washington, D.C. metropolitan area and beyond. As a subsidiary of Capital Bancorp, Inc. (NASDAQ: CBNK), a publicly traded company with over $3.2 billion in assets, Capital Bank specializes in business banking for entrepreneurs, small businesses, and startups.

The bank operates with a consultative, relationship-driven approach, positioning itself as a partner in its customers' vision rather than just a financial services provider. Capital Bank serves both commercial and retail customers across the Mid-Atlantic region, with a strong emphasis on supporting local business growth and community development.

Question 2

When was Capital Bank founded?

Accepted Answer

Capital Bank was originally established as Harbor Capital National Bank on December 14, 1999, by a group of local entrepreneurs who identified a gap in community banking services for small businesses in the Washington, D.C. metropolitan area. The bank was founded with the specific purpose of providing personalized banking solutions to entrepreneurs and growing businesses that were underserved by larger financial institutions.

On April 2, 2003, the institution underwent a name change to Capital Bank, National Association. This founding principle of supporting entrepreneurial ventures continues to shape the bank's approach today, emphasizing personalized service and a deep understanding of the regional business landscape.

Question 3

Where is Capital Bank headquartered?

Accepted Answer

Capital Bank is headquartered in Rockville, Maryland, at 2275 Research Boulevard, Suite 600. The bank relocated to this corporate headquarters location on October 9, 2018. Prior to this move, the main office was located at One Church Street in Rockville (from May 2004 to October 2018).

Rockville, located in Montgomery County, positions Capital Bank strategically within the Washington-Arlington-Alexandria metropolitan area, one of the nation's most dynamic economic regions.

Question 4

Where does Capital Bank operate?

Accepted Answer

Capital Bank maintains a targeted regional presence with 8 branches across multiple states, primarily concentrated in the Mid-Atlantic region. The bank operates branch locations in Maryland (Rockville and Columbia), Washington, D.C., Virginia (Reston), Florida (Fort Lauderdale), Illinois (North Riverside), and North Carolina (Raleigh).

While the bank's physical footprint focuses on the greater Washington metropolitan area, its digital banking capabilities allow it to serve customers across the country. Capital Bank customers also have access to thousands of surcharge-free ATMs nationwide through the MoneyPass network.

The bank's service area encompasses the Washington-Arlington-Alexandria, DC-VA-MD-WV Combined Statistical Area, a region known for its diverse economy, federal government presence, and thriving entrepreneurial ecosystem.

Question 5

What services does Capital Bank offer?

Accepted Answer

Capital Bank provides a comprehensive range of business and consumer banking services. On the commercial side, the bank offers business loans ranging from $150,000 to $5 million with terms up to 7 years, commercial real estate financing, cash management solutions, and lines of credit. The bank maintains SBA lending capabilities and works extensively with small and medium-sized enterprises.

For retail customers, Capital Bank offers traditional deposit products including checking and savings accounts, certificates of deposit, and residential mortgage loans. The bank also provides consumer credit products to meet personal banking needs.

Digital banking services are a key component of Capital Bank's offerings. Customers can access accounts through online banking and the Capital Bank N.A. Mobile app, which features mobile check deposit, bill pay, fund transfers, account monitoring, and 128-bit SSL encryption security. The mobile app is available for both iOS and Android devices and provides 24/7 access to banking services.

Question 6

What makes Capital Bank unique?

Accepted Answer

Capital Bank distinguishes itself through its entrepreneurial spirit and deeply personalized approach to business banking. The bank's philosophy is captured in its motto: "Think Big, Act Local." Rather than relying on desktop underwriting, Capital Bank bankers sit across the table from customers to understand their businesses beyond what appears on paper.

The bank was ranked the 5th top-performing bank with assets between $2 billion and $10 billion by American Banker in 2023, validating its distinctive approach. Capital Bank takes pride in being an advocate for small customers with big dreams, viewing itself as being "in a client's corner" rather than just in their zip code.

The bank's growth strategy has included several government-assisted mergers, including the acquisitions of Public Savings Bank (Pennsylvania, 2011), American Eagle Savings Bank (Pennsylvania, 2012), and Pisgah Community Bank (North Carolina, 2013). This expansion approach has allowed Capital Bank to grow while maintaining its community banking focus.

Capital Bank's leadership team, including CEO Ed Barry and Vice Chairman Jerome Bailey, brings extensive experience in financial services and entrepreneurial endeavors, creating a culture that emphasizes humanity, dependability, and equity as driving forces.

Question 7

What type of financial institution is Capital Bank?

Accepted Answer

Capital Bank is classified as a National Bank with a federal charter, supervised by the Office of the Comptroller of the Currency (OCC). As a national bank, it operates under federal banking regulations and maintains membership in the Federal Reserve System.

The bank also holds FDIC insurance (Certificate #35278), protecting depositors' funds up to applicable limits. Capital Bank functions primarily as a commercial bank with a strong community banking orientation, focusing on relationship-based lending and business banking services.

As a subsidiary of Capital Bancorp, Inc., Capital Bank operates as part of a bank holding company structure, allowing it to leverage resources and capital while maintaining its local market focus. The bank is designated as an Equal Housing Lender and complies with all federal and state banking regulations.

Question 8

What is Capital Bank's approach to community development?

Accepted Answer

Capital Bank demonstrates a strong commitment to community reinvestment and local economic development. The bank's operating philosophy centers on taking deposits from local businesses and reinvesting them in building communities throughout the Washington metropolitan region.

Bank leadership actively participates in community organizations, with executives serving on boards such as Rockville Economic Development, Inc. (REDI). The bank has been instrumental in transforming neighborhoods, particularly in Washington, D.C., where it has helped launch numerous restaurants and small businesses along corridors like 14th Street.

Capital Bank takes particular pride in working with diverse entrepreneurs, including immigrants who have built successful businesses with the bank's support. The bank's senior vice presidents and business bankers maintain deep relationships with local business communities, providing not just financial services but mentorship and guidance.

The bank's relatively small footprint compared to nationwide competitors provides an advantage in agility and responsiveness to changing economic circumstances, allowing it to quickly pivot to meet the evolving needs of Washington metropolitan businesses.

Question 9

Who leads Capital Bank?

Accepted Answer

Capital Bank's leadership team brings extensive experience in financial services and entrepreneurial endeavors. Ed Barry serves as Chief Executive Officer, leading the bank's strategic vision and growth initiatives. Jerome Bailey holds the position of Vice Chairman of the Board and brings a unique perspective as someone who started as a Capital Bank customer while growing Bailey Real Estate Holding.

Steve Poynot serves as President and Chief Operating Officer, focusing on operational excellence and market expansion. The bank's Chief Financial Officer oversees financial planning and performance management, while senior vice presidents like Paul Merritt lead regional business development efforts.

Nikhil Bijlani, Head of Deposit, Product and Operations, serves on Rockville Economic Development, Inc.'s Board of Directors, representing the bank's commitment to regional economic growth. The leadership team's combination of banking expertise and entrepreneurial experience enables Capital Bank to understand and serve its business customers effectively.

Capital Bank

in the United States 🇺🇸

Crypto-Friendliness

All done!

About Capital Bank in the United States