– USA, MD – Capital Bancorp, Inc., (NASDAQ: CBNK) the holding company of Capital Bank, N.A., today announced Jerome Bailey to its Board of Directors.
“We are pleased to have Jerome Bailey join us on the holding company board. Over the years, he has proven himself a seasoned and capable entrepreneur starting his own real estate development company while focusing on his many philanthropic initiatives to uplift the community in which he lives,” commented Board Chairman, Steve Schwartz.
He added: “At age 45, Bailey brings a wealth of experience and a fresh perspective to the board. He is well known in real estate development and construction in the metropolitan D.C. area, and his vast knowledge and intellect will be an exceptional complement to the directors of the Bank.”
Ed Barry, CEO said, “Capital Bancorp is well-positioned to continue its phenomenal growth with board members of exceptional caliber. We look forward to what Jerome Bailey will bring to the table in terms of growth, new initiatives, and all holding company matters, partnering with executive leadership.”
About Jerome Bailey
Jerome Bailey is a member of the Bank’s board and managing member of Bailey Real Estate Holdings, LLC in Washington, D.C., and has been a leader in the multifamily, affordable housing industry in the D.C. area for nearly two decades.
Since 2013, Bailey has held the position of Vice-Chairman of the Board of the Bank as well as Chairman of the Board Loan Committee.
Retiring from the board is Stephen Ashman. At various times, Ashman served as CEO of the Bank and Capital, and as Chairman of both boards—including when Capital went public in 2018. “Throughout Ashman’s tenure at Capital Bank, a collaboration between the board and executive team has grown the Bank to an impressive $2.2 billion. That’s a testament to Ashman’s invaluable recruitment and tutelage of other directors, his role with the multiple FDIC-assisted acquisitions completed during his tenure, and his recruitment of key C-suite employees,” said Jerome Schwartz.
About Capital Bancorp, Inc.
Capital Bancorp, Inc., Rockville, Maryland is a registered bank holding company incorporated under the laws of Maryland. The Company’s wholly-owned subsidiary, Capital Bank, N.A., is the fifth-largest bank headquartered in Maryland on September 30, 2020. Capital Bancorp has been providing financial services since 1999 and now operates bank branches in five locations in the greater Washington, D.C. and Baltimore, Maryland markets. Capital Bancorp had assets of approximately $2.2 billion on September 30, 2021.For more information: https://capitalbankmd.com/
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