CBNK announces CFO departure; appoints Connie Egan to lead finance

Rhea-AI Filing Summary

Capital Bancorp, Inc. announced a leadership transition in its finance function. On October 10, 2025, Executive Vice President and CFO Dominic C. Canuso informed the company of his resignation, effective October 27, 2025, to pursue another opportunity. The company stated his decision was not due to any disagreement regarding operations, policies, or practices.

Effective October 28, 2025, the Board appointed Connie Egan, age 64 and the Bank’s Chief Accounting Officer since September 2020, as the company’s Principal Financial and Accounting Officer while a nationwide search is conducted for a permanent CFO. Egan previously led Financial Planning and Analysis and served as CFO of Embassy National Bank for over seven years. The filing notes no family relationships, no related‑party transactions under Item 404(a), and no new or amended compensatory arrangements or additional grants associated with her appointment.

Insights

Bank governance analyst

CFO transition with interim continuity; neutral operational impact.

Capital Bancorp disclosed its CFO’s resignation effective October 27, 2025, citing a personal decision and expressly noting no disagreements on operations, policies, or practices. The Board named Connie Egan as Principal Financial and Accounting Officer effective October 28, 2025, leveraging her tenure as Chief Accounting Officer since September 2020.

This provides continuity in financial reporting and controls, as Egan already oversees accounting and previously led FP&A. The company initiated a nationwide search for a permanent CFO. The appointment carries no new or amended compensation arrangements, and the filing notes no related‑party transactions.

Actual impact on performance depends on the duration of the search and seamless handoff of CFO responsibilities. Subsequent filings may provide updates on the permanent hire.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): October 16, 2025 (October 10, 2025)

CAPITAL BANCORP, INC.

(Exact name of registrant as specified in its charter)

Maryland			001-38671			52-2083046
(State or other jurisdiction of incorporation or organization)			(Commission file number)			(IRS Employer Identification No.)

2275 Research Boulevard, Suite 600, Rockville, Maryland 20850

(Address of principal executive offices) (Zip Code)

(301) 468-8848

Registrant’s telephone number, including area code

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class			Trading Symbol			Name of Each Exchange on Which Registered
Common Stock, par value $0.01 per share			CBNK			NASDAQ Stock Market

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 10, 2025, Dominic C. Canuso, Executive Vice President and Chief Financial Officer of Capital Bancorp, Inc. (the "Company") and its banking subsidiary, Capital Bank, N.A. (the "Bank"), informed the Company and the Bank of his decision to resign, effective October 27th, 2025. Mr. Canuso's resignation is due to a personal decision to pursue another opportunity and is not a result of any disagreement with the Company or the Bank on any matter related to the operations, policies or practices of the Company or the Bank.

Effective October 28, 2025, the Company's Board of Directors appointed Connie Egan, age 64, the Chief Accounting Officer of the Bank, to replace Mr. Canuso as the Company's Principal Financial and Accounting Officer while the Company engages in a nation-wide search for Mr. Canuso's replacement. Ms. Egan has served as the Bank's Chief Accounting Officer since September 2020, and previously served as the Bank's Senior Vice President, Director of Financial Planning and Analysis from August 2018 until September 2020. Prior to joining the Bank, Ms. Egan served as Chief Financial Officer of Embassy National Bank for over seven years. Ms. Egan has no family relationships with any of our executive officers or directors, and there have been no related party transactions between Ms. Egan and the Company that are reportable under Item 404(a) of Regulations S-K. In connection with her appointment as the Company's Principal Financial and Accounting Officer, the Company did not enter into any new, and did not amend any existing, compensatory arrangements, nor did the Company make any additional grants or awards to Ms. Egan.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			CAPITAL BANCORP, INC.
Date: October 16, 2025			By: /s/ Edward F. Barry
			Name: Edward F. Barry
			Title: Chief Executive Officer

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FAQ

What did Capital Bancorp (CBNK) announce about its CFO?

Dominic C. Canuso resigned as CFO, effective October 27, 2025, to pursue another opportunity, with no disagreements cited.

Who was appointed as Capital Bancorp’s Principal Financial and Accounting Officer?

Connie Egan was appointed effective October 28, 2025 while a nationwide search for a permanent CFO is underway.

Does the filing mention any compensation changes for Connie Egan (CBNK)?

No. The company made no new or amended compensatory arrangements and no additional grants or awards in connection with her appointment.

Did Capital Bancorp (CBNK) report any disagreements related to the CFO’s resignation?

No. The company stated the resignation was not due to any disagreement on operations, policies, or practices.

What is Connie Egan’s background at Capital Bank, N.A.?

She has been Chief Accounting Officer since September 2020 and previously served as SVP, Director of FP&A; earlier, she was CFO of Embassy National Bank.

Were there any related-party considerations noted for the appointment?

The filing states no family relationships and no related‑party transactions reportable under Item 404(a).