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Capital Bancorp, Inc. reports developments tied to its role as the bank holding company for Capital Bank, N.A., a commercial-focused community bank with regional banking and national specialty platforms. Recurring updates cover earnings, loan and deposit growth, credit trends, tangible book value, dividends, and the performance of commercial banking, government-guaranteed lending, mortgage, card, and related specialty businesses.
Company news also includes technology investments, digital banking capabilities, OpenSky product activity, SBA team expansion, and management or board-level changes. These developments reflect Capital Bank’s mix of relationship banking, national lending and servicing platforms, and capital actions as a Nasdaq-listed banking company.
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Capital Bank announces key executive transitions to strengthen leadership and enhance growth initiatives. Steve Poynot has been appointed as the new President of the Bank, overseeing commercial banking operations, while retaining his role as Chief Operating Officer. Scot R. Browning will shift to President of Specialty & CRE Lending, focusing on commercial real estate and specialty lending services. These changes aim to boost value for shareholders and customers.
Mr. Poynot brings over 25 years of experience in various banking sectors, and Brad Rodier joins as Executive Vice President and Chief Lending Officer, enhancing the bank's commercial lending capabilities. Capital Bank maintains over $2.2 billion in assets as of March 31, 2023, and continues to emphasize customer-centric banking.