Capital Bancorp realigns leadership: CEO Ed Barry renewed through 2027; Steve Poynot named Bank CEO

Capital Bancorp (CBNK [https://seekingalpha.com/symbol/CBNK]) announced [https://seekingalpha.com/pr/20350813-capital-bancorp-implements-management-changes-to-align-leadership-structure-and-advance-long] a strategic realignment of its executive leadership team, the board of directors has formally renewed the employment agreement of Ed Barry as CEO of Capital Bancorp through December 2027.

The company announced the promotion of Steve Poynot, currently serving as President and COO, has been named CEO of Capital Bank, N.A. (the company’s primary banking subsidiary).

Poynot will continue to manage the core banking franchise and retain oversight of Windsor Advantage, the company’s SBA loan service provider.

Poynot joined Capital Bank in 2022 as President and COO and has over 25 years of experience in commercial banking.

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* Seeking Alpha’s Quant Rating on Capital Bancorp [https://seekingalpha.com/symbol/CBNK/ratings/quant-ratings]
* Historical earnings data for Capital Bancorp [https://seekingalpha.com/symbol/CBNK/earnings]
* Dividend scorecard for Capital Bancorp [https://seekingalpha.com/symbol/CBNK/dividends/scorecard]
* Financial information for Capital Bancorp [https://seekingalpha.com/symbol/CBNK/income-statement]