Business
Capital Bank Launches New Mortgage Brand; Changing Division Name to Capital Bank Home Loans
ROCKVILLE, Md., April 22, 2019 /PRNewswire/ -- Capital Bank, N.A., the banking subsidiary of Capital Bancorp, Inc. (the "Company") (NASDAQ: CBNK), today
About this update from Capital Bancorp, Inc.
[{"type":"text","content":"ROCKVILLE, Md., April 22, 2019 /PRNewswire/ -- Capital Bank, N.A., the banking subsidiary of Capital Bancorp, Inc. (the \"Company\") (NASDAQ: CBNK), today announced it has changed the name of its mortgage business, Church Street Mortgage, to Capital Bank Home Loans. The name change unifies the Company's operations under a set of common corporate values, goals and commitments.\n\"The new name, Capital Bank Home Loans, and rebranding provide us with a common corporate identity and go-to-market presence that better reflects who we are as a Company and creates a platform for continued growth and market expansion,\" said Ed Barry, CEO of Capital Bank. \"Over the past two years, our business model has fueled profitable, organic growth that puts Capital Bank in a position to create long-term value for our customers and for the shareholders of Capital Bancorp.\"\nThis rebranding corresponds with the launch of the new Capital Bank Home Loans website www.capitalbankmd.com/homeloans and the Capital Bank Home Loans QuickClose application process. QuickClose is a cutting edge digital mortgage application experience designed for today's home-buyer. It is device-agnostic allowing users to start, update and complete their application from any device, offers in-application verification of income and assets, and provides updates and step-by-step instructions along the way.\nAbout 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 eighth largest bank headquartered in Maryland. Capital Bank has been providing financial services since 1999 and operates bank branches in five locations in the greater Washington, D.C., Northern Virginia and Baltimore, Maryland markets to serve its clients in and beyond that geography. Capital Bank also has two nation-wide consumer lending brands, Capital Bank Home Loans, a mortgage division that originates conventional and government-guaranteed residential mortgage loans, and OpenSky® which provides secured credit cards to under-banked individuals and those who look to rebuild their credit scores. With a specialization in adapting traditional and current digitally based banking products to solve its customers' most pressing needs and providing personalized service...