National Capital Bancorp (OTC Pink:NACB) has announced key leadership changes. Richard B. (Randy) Anderson, Jr. has been appointed as Chairman of both National Capital Bancorp and The National Capital Bank of Washington (NCB), succeeding Harry Rauner. Anderson previously served as President and CEO of NCB from 2016 to 2022. Jimmy Olevson, current President and CEO of NCB, will additionally assume the role of President of National Capital Bancorp. Olevson, who joined NCB in April 2022, has led the bank to strong financial performance since becoming CEO in January 2023. Former Chairman Harry Rauner, who served from 2019 to 2025, will continue as Vice Chairman of both entities. These transitions are part of a strategic succession plan aimed at supporting continued growth and stability for Washington's oldest bank, founded in 1889.
National Capital Bancorp (OTC Pink:NACB) ha annunciato importanti cambiamenti nella leadership. Richard B. (Randy) Anderson, Jr. è stato nominato Presidente sia di National Capital Bancorp che di The National Capital Bank of Washington (NCB), succedendo a Harry Rauner. Anderson è stato in precedenza Presidente e CEO di NCB dal 2016 al 2022. Jimmy Olevson, attuale Presidente e CEO di NCB, assumerà anche il ruolo di Presidente di National Capital Bancorp. Olevson, entrato in NCB nell'aprile 2022, ha guidato la banca a ottime performance finanziarie da quando è diventato CEO nel gennaio 2023. L'ex Presidente Harry Rauner, in carica dal 2019 al 2025, continuerà a ricoprire il ruolo di Vicepresidente di entrambe le entità. Questi cambiamenti fanno parte di un piano strategico di successione volto a sostenere la crescita e la stabilità della banca più antica di Washington, fondata nel 1889.
National Capital Bancorp (OTC Pink:NACB) ha anunciado cambios clave en su liderazgo. Richard B. (Randy) Anderson, Jr. ha sido nombrado Presidente tanto de National Capital Bancorp como de The National Capital Bank of Washington (NCB), sucediendo a Harry Rauner. Anderson fue anteriormente Presidente y CEO de NCB desde 2016 hasta 2022. Jimmy Olevson, actual Presidente y CEO de NCB, asumirá además el cargo de Presidente de National Capital Bancorp. Olevson, que se unió a NCB en abril de 2022, ha llevado al banco a un sólido desempeño financiero desde que se convirtió en CEO en enero de 2023. El ex Presidente Harry Rauner, que estuvo en el cargo de 2019 a 2025, continuará como Vicepresidente de ambas entidades. Estas transiciones forman parte de un plan estratégico de sucesión destinado a apoyar el crecimiento y la estabilidad continuos del banco más antiguo de Washington, fundado en 1889.
National Capital Bancorp (OTC Pink:NACB)는 주요 리더십 변화를 발표했습니다. Richard B. (Randy) Anderson, Jr.가 National Capital Bancorp와 The National Capital Bank of Washington (NCB) 두 곳의 회장으로 임명되어 Harry Rauner의 뒤를 잇게 되었습니다. Anderson은 2016년부터 2022년까지 NCB의 사장 겸 CEO로 재직한 바 있습니다. 현재 NCB의 사장 겸 CEO인 Jimmy Olevson은 National Capital Bancorp의 사장 직도 함께 맡게 됩니다. 2022년 4월 NCB에 합류한 Olevson은 2023년 1월 CEO가 된 이후 은행의 뛰어난 재무 성과를 이끌어왔습니다. 2019년부터 2025년까지 회장직을 맡았던 전 회장 Harry Rauner는 두 기관의 부회장으로 계속 활동할 예정입니다. 이번 변화는 1889년에 설립된 워싱턴에서 가장 오래된 은행의 지속적인 성장과 안정성을 지원하기 위한 전략적 승계 계획의 일환입니다.
National Capital Bancorp (OTC Pink:NACB) a annoncé des changements clés dans sa direction. Richard B. (Randy) Anderson, Jr. a été nommé président à la fois de National Capital Bancorp et de The National Capital Bank of Washington (NCB), succédant à Harry Rauner. Anderson a précédemment occupé les postes de président et CEO de NCB de 2016 à 2022. Jimmy Olevson, actuel président et CEO de NCB, assumera également la fonction de président de National Capital Bancorp. Olevson, qui a rejoint NCB en avril 2022, a conduit la banque à une solide performance financière depuis sa nomination en tant que CEO en janvier 2023. L'ancien président Harry Rauner, en poste de 2019 à 2025, continuera de servir en tant que vice-président des deux entités. Ces transitions s'inscrivent dans un plan stratégique de succession visant à soutenir la croissance continue et la stabilité de la plus ancienne banque de Washington, fondée en 1889.
National Capital Bancorp (OTC Pink:NACB) hat bedeutende Führungswechsel bekannt gegeben. Richard B. (Randy) Anderson, Jr. wurde zum Vorsitzenden sowohl von National Capital Bancorp als auch von The National Capital Bank of Washington (NCB) ernannt und folgt damit auf Harry Rauner. Anderson war zuvor von 2016 bis 2022 Präsident und CEO von NCB. Jimmy Olevson, derzeit Präsident und CEO von NCB, wird zusätzlich die Rolle des Präsidenten von National Capital Bancorp übernehmen. Olevson, der im April 2022 zu NCB kam, hat die Bank seit seiner Ernennung zum CEO im Januar 2023 zu einer starken finanziellen Leistung geführt. Der ehemalige Vorsitzende Harry Rauner, der von 2019 bis 2025 im Amt war, wird weiterhin als Vizevorsitzender beider Unternehmen tätig sein. Diese Veränderungen sind Teil eines strategischen Nachfolgeplans, der darauf abzielt, das weitere Wachstum und die Stabilität der ältesten Bank Washingtons, gegründet 1889, zu unterstützen.
Positive
Smooth leadership transition with experienced executives maintaining continuity
Former leaders remaining involved in key positions, preserving institutional knowledge
WASHINGTON, D.C. / ACCESS Newswire / May 7, 2025 / National Capital Bancorp, Inc. (the "Company") (OTC Pink:NACB), the holding company for The National Capital Bank of Washington ("NCB" or the "Bank") announced key leadership transitions as part of a strategic succession plan that supports continued growth and stability.
Richard B. (Randy) Anderson, Jr. has been appointed Chairman of both National Capital Bancorp, Inc. and The National Capital Bank of Washington, succeeding Harry Rauner in the role. Anderson brings decades of banking experience and leadership to the position, having served as President and CEO of NCB from 2016 until his retirement in 2022. Since then, he has remained actively involved as President and CEO of the Company and a member of the Board of Directors.
Anderson remarked "I appreciate this opportunity to step into a greater leadership role and work with Jimmy and his management team to continue their good work in advancing the Bank and Company's performance."
With Anderson stepping into the Chairman role, Jimmy Olevson, current President and CEO of National Capital Bank, will take on the additional role of President of National Capital Bancorp, Inc. Olevson joined NCB in April of 2022 serving as President and was promoted to CEO in January of 2023. Under his leadership, NCB has delivered strong financial performance and deepened its community engagement.
"I am honored to take on the added role of President at our holding company level alongside my duties as President and CEO of The National Capital Bank of Washington," said Olevson. "I would also like to extend my heartfelt thanks to our outgoing Chairman, Harry Rauner, for his extraordinary leadership since 2019. Harry has been a pillar in the greater DC banking community for his entire career and will thankfully continue to represent National Capital Bank as Vice Chairman. I am equally excited to welcome Randy Anderson as the new Chairman and I look forward to continuing to work with him as we strive to grow National Capital Bank and enhance shareholder value."
We express our deepest appreciation to Rauner for his outstanding leadership as Chairman of both NCB and the Company from 2019 to 2025. A board member since 2018, Rauner will continue to serve as Vice Chairman of both entities, where his guidance and institutional knowledge remain invaluable.
These leadership transitions reflect NCB's long-term commitment to continuity, community banking excellence, and sustainable growth. The Bank remains deeply focused on serving individuals, families, businesses, and the community with a customer first philosophy and personalized service.
National Capital Bancorp, Inc. is the holding company for The National Capital Bank of Washington which was founded in 1889 and is Washington's Oldest Bank. NCB is headquartered on Capitol Hill with offices in the Friendship Heights community in Northwest D.C., the Courthouse/Clarendon community in Arlington, Virginia and the Fox Hill senior living community of Bethesda, Maryland. NCB also operates residential mortgage and commercial lending offices and a wealth management services division. NCB product and service offerings include personal and business deposit accounts, robust online and mobile banking services and sophisticated treasury management solutions - all delivered with top-rated personal service. NCB is well positioned to serve all the banking needs of those in our communities. For more information about NCB, visit www.nationalcapitalbank.bank.
Forward Looking Statements
This news release may contain certain forward-looking statements, such as statements of the Company's plans, objectives, expectations, estimates and intentions. Forward-looking statements may be identified using words such as "expects," "subject," "will," "intends," "will be" or "would," These statements are subject to change based on various important factors (some of which are beyond the Company's control) and actual results may differ materially. Accordingly, readers should not place undue reliance on any forward-looking statements (which reflect management's analysis of factors only as of the date of which they are given). These factors include general economic conditions, trends in interest rates, the ability of the Company to effectively manage its growth and results of regulatory examinations, among other factors. The foregoing list of important factors is not exclusive.
Who is the new Chairman of National Capital Bancorp (NACB)?
Richard B. (Randy) Anderson, Jr. has been appointed as Chairman of both National Capital Bancorp and The National Capital Bank of Washington, succeeding Harry Rauner.
What changes were made to NACB's executive leadership in May 2025?
Randy Anderson became Chairman, Jimmy Olevson added the role of President of National Capital Bancorp to his existing position as President and CEO of NCB, and former Chairman Harry Rauner transitioned to Vice Chairman.
What is Jimmy Olevson's role at National Capital Bank (NACB)?
Jimmy Olevson serves as President and CEO of The National Capital Bank of Washington and has now also assumed the role of President of National Capital Bancorp, Inc.
How long has National Capital Bank been operating?
The National Capital Bank of Washington was founded in 1889 and is Washington's Oldest Bank.
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