Capital Bank Announces the Appointment of Don Busick to Its Board Leadership Team

Capital Bank (NASDAQ: CBNK) appointed Don Busick to its Bank board.

Rhea-AI Summary

Capital Bank (NASDAQ: CBNK) appointed Don Busick to its Bank board. Busick is a senior product and technology executive with 22 years at Capital One, where he led a 5,000+ person digital team and major cloud and data initiatives.

He will guide Capital Bank’s digital transformation across commercial, mortgage, OpenSky and specialty lines.

Positive

• Seasoned digital executive Don Busick joins Capital Bank’s board
• Busick previously led a 5,000+ person enterprise digital products team
• Experience supporting mobile adoption growth to over 30 million users
• Background in cloud, data strategy, and customer experience
• Board appointment aligns with Bank’s digital modernization focus

Negative

• None.

Argus Jun 11 session

+0.48% close to close 1.2x rel. volume Open Argus

Details

News Market Reaction – CBNK

On Jun 11, the first trading day after this news, CBNK closed 0.48% above the previous close.

Data tracked by StockTitan Argus for the Jun 11 session.

Key Figures

Team size led: 5,000+ associates Mobile users: more than 30 million users

Team size led

5,000+ associates

Team Don Busick led as EVP at Capital One

Mobile users

more than 30 million users

Mobile application adoption at Capital One under Busick’s leadership

Historical Context

3 past events · Latest: Apr 27

3 events

1. Apr 27

   1Q26 results, strategy

   24h Move

   -4.6%

   Strong 1Q26 loan and deposit growth with tech investments and dividend.

2. Jan 26

   4Q25 earnings, record year

   24h Move

   +2.0%

   Record FY 2025 earnings, strong ROA/ROE, balance-sheet growth and capital returns.

3. Dec 30

   Leadership structure changes

   24h Move

   -0.6%

   Executive leadership changes and CEO contract renewal to support long-term strategy.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

digital transformation, enterprise technology, cloud transformation, data strategy

4 terms

digital transformation technical

"deep experience in digital transformation, product management, enterprise technology"

Digital transformation is the process of using digital technologies to fundamentally change how organizations operate, deliver value, and connect with customers. It often involves updating systems, automating tasks, and improving digital tools to increase efficiency and stay competitive. For investors, it signifies a company's ability to adapt to technological advances, which can impact its growth prospects and long-term success.

enterprise technology technical

"digital transformation, product management, enterprise technology, credit card operations"

Enterprise technology is the software, hardware and services that large organizations use to run core operations—think of it as the backbone and toolbox a company relies on for finance, HR, security, data and customer management. Investors watch this space because enterprise tech often creates steady, repeatable revenue, higher profit margins and customer lock-in, so adoption rates and contract size signal future earnings and competitive strength.

cloud transformation technical

"advanced the company’s data strategy, and helped lead a comprehensive cloud transformation"

Cloud transformation is the process of moving a company’s software, data and operations from in‑house servers to internet-based services and rethinking how technology supports the business. Like switching from owning and maintaining a car to using a ride‑service, it can cut upfront costs, speed product launches and make scaling easier, but also changes ongoing expenses, risk exposure and regulatory or vendor dependencies — all factors that can affect future revenue and valuation for investors.

data strategy technical

"helped grow mobile application adoption to more than 30 million users, advanced the company’s data strategy"

A data strategy is a company’s clear plan for collecting, organizing and using its information—like a blueprint that decides what data to keep, how to protect it, and how to turn it into useful decisions or products. For investors, a strong data strategy signals that a business can cut costs, spot opportunities faster, comply with rules and create repeatable advantages, while a weak one can mean missed revenue, higher risk and potential regulatory trouble.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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ROCKVILLE, Md., June 10, 2026 (GLOBE NEWSWIRE) -- Capital Bank, N.A. (the “Bank”), a wholly owned subsidiary of Capital Bancorp, Inc. (NASDAQ: CBNK), continues its proud tradition of strong leadership with the announcement of new Bank board member Don Busick.

Mr. Busick is a senior product and technology executive with deep experience in digital transformation, product management, enterprise technology, credit card operations, and customer experience. He is currently Managing Partner at Arica, a Board Member at Koalafi, and Founder of Small Venue Music.

Mr. Busick spent nearly 22 years at Capital One, where he held a variety of senior leadership roles across digital, technology, product, and operations. Most recently, he served as Executive Vice President, leading a 5,000+ associate team responsible for enterprise-wide digital products and platforms. In that role, he partnered with the CEO, CIO, and business line presidents to develop and drive digital transformation strategy, helped grow mobile application adoption to more than 30 million users, advanced the company’s data strategy, and helped lead a comprehensive cloud transformation.

At Capital Bank, Mr. Busick will provide strategic guidance as the Bank continues to modernize its digital capabilities across multiple business lines, including commercial banking, mortgage, Opensky, and other specialty businesses. His experience leading large-scale digital platforms, customer-facing product innovation, data strategy, and technology transformation will support Capital Bank’s continued focus on building more connected, scalable, and customer-centric banking experiences.

Jim Whalen, Chairman of the Capital Bank Board, stated, “We are honored to welcome Don Busick to the Capital Bank Board of Directors. Don brings a rare combination of banking, product, technology, and operational leadership experience. As Capital Bank continues to evolve across a diverse set of business lines, his guidance will be invaluable in helping us think strategically about digital transformation, customer experience, and the systems needed to support long-term growth.”

Mr. Busick stated, “I am excited to join the Capital Bank Board at an important moment in the Bank’s growth. Capital Bank has built a differentiated business by combining entrepreneurial thinking with a strong commitment to customers. I look forward to working with the Board and management team as the Bank continues to strengthen its digital capabilities and create more seamless experiences across its lines of business.”

Mr. Busick graduated from the University of Virginia’s McIntire School of Commerce with a Bachelor of Science degree. He resides in Glen Allen, Virginia.

About Capital Bank

Capital Bank has been providing exceptional banking services since its inception in 1999. With over 25 years of experience, we have grown into a publicly traded company with more than $3.8 billion in assets as of 3/31/2026 (NASDAQ: CBNK). At Capital Bank, we pride ourselves on banking on human potential. Our commitment to human-centric banking has allowed us to make sound banking decisions based on factors beyond just what is on paper. As a member of the Federal Reserve Bank system, Member FDIC, and Equal Housing Lender, we are committed to helping our customers achieve their goals while upholding our fiduciary duty to our shareholders.

CONTACT INFORMATION:
Capital Bank, N.A.
Media Contact:
Bryon Stevens
Investor Relations
Email: bstevens@capitalbankmd.com
Phone: 917-848-5896

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What board change did Capital Bank (NASDAQ: CBNK) announce on June 10, 2026?

Capital Bank announced the appointment of Don Busick to its Bank board of directors. According to Capital Bank, he will provide strategic guidance as the Bank modernizes digital capabilities across commercial banking, mortgage, OpenSky, and other specialty business lines.

Who is Don Busick, the new Capital Bank (CBNK) board member?

Don Busick is a senior product and technology executive with extensive digital banking experience. According to Capital Bank, he spent nearly 22 years at Capital One, most recently as Executive Vice President leading a 5,000+ associate team for enterprise-wide digital products and platforms.

How will Don Busick’s appointment affect Capital Bank’s digital strategy (CBNK)?

Busick is expected to guide Capital Bank’s ongoing digital transformation efforts. According to Capital Bank, his expertise in large-scale digital platforms, customer-facing product innovation, data strategy, and technology transformation will support building more connected, scalable, and customer-centric banking experiences across multiple business lines.

What specific experience does Don Busick bring to the Capital Bank (CBNK) board?

Busick brings experience leading enterprise digital products, platforms, and cloud transformation. According to Capital Bank, he helped grow mobile app adoption beyond 30 million users, advanced data strategy, and partnered with senior leadership to drive digital transformation and customer experience improvements at a large national bank.

Why is Capital Bank adding a digital-focused leader like Don Busick to its board?

Capital Bank is emphasizing digital modernization across its diverse business lines. According to Capital Bank, Busick’s combination of banking, product, technology, and operational leadership is intended to support long-term growth, digital transformation, and enhanced customer experience across commercial, mortgage, OpenSky, and specialty operations.

Does the appointment of Don Busick to Capital Bank’s board change financial guidance for CBNK shareholders?

The announcement does not mention any change to Capital Bank’s financial guidance. According to Capital Bank, the focus of Busick’s appointment is strategic oversight of digital capabilities and customer experience, rather than immediate revisions to earnings outlook or previously communicated financial targets.