GlobeNewswire Inc | Jan 25, 2021 07:56AM EST

January 25, 2021

ROCKVILLE, Md., Jan. 25, 2021 (GLOBE NEWSWIRE) -- Capital Bancorp, Inc., (NASDAQ: CBNK) (Bancorp) the holding company of Capital Bank, N.A., today announced the appointment of Joseph (Jody) A. Greene to its Board of Directors effective January 1, 2021. Following his appointment, the Boards 11 members, 9 of whom are independent, own approximately 41% of the outstanding shares of Bancorp.

Joseph A. Greene has been a member of the Capital Bank Board since 2009 and has extensive experience in real estate, commerce and financing. He is President and CEO of Greene & Associates which is based in the Washington, DC area. His company invests in, develops and renovates commercial, corporate and residential properties in D.C., New York, South Carolina and Georgia.

Steven J. Schwartz, Chairman of Bancorp said, Having worked with Jody for over 10 years, I have come to appreciate his professionalism, intellect and expertise and look forward to his skill set continuing to make a significant contribution to the future success and growth of Bancorp. Jodys success as a businessman has been substantially achieved within the Washington, DC area, a community Bancorp serves.

Adds Greene, Ive seen Capital Bank grow and Im excited to continue to help drive its future growth and furthering our reach in the community.

ABOUTCAPITAL BANCORP, INC.Capital Bancorp, Inc.,Rockville, Marylandis a registered bank holding company incorporated under the laws ofMaryland. The Companys wholly-owned subsidiary,Capital Bank, N.A., is the fifth largest bank headquartered inMarylandatSeptember 30, 2020.Capital Bancorphas been providing financial services since 1999 and now operates bank branches in five locations in the greaterWashington, D.C.andBaltimore, Marylandmarkets.Capital Bancorphad assets of approximately$1.9 billionatDecember 31, 2020and its common stock is traded in the NASDAQ Global Market under the symbol CBNK. More information can be found at the Companys websitewww.CapitalBankMD.comunder its investor relations page.

FINANCIAL CONTACT: Alan Jackson (240) 283-0402MEDIA CONTACT: Ed Barry (240) 283-1912WEB SITE:www.CapitalBankMD.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b8bb17be-a4b4-4e72-8750-04f29e250230