Capital Bancorp, Inc., the bank holding company for Capital Bank, National Association, today announced that it has completed its initial public offering of 2,228,736 shares of its common stock at a price to the public of $12.50 per share, 1,500,000 shares of which were offered by the Company and 728,736 shares of which were offered by certain selling shareholders. Capital's common stock began trading on the Nasdaq Global Select Market on September 26, 2018 under the trading symbol "CBNK."

The underwriters have a 30-day option, which commenced on September 25, 2018, to purchase up to an additional 334,310 shares of common stock from the Company.

Keefe, Bruyette & Woods, A Stifel Company, and Stephens Inc. acted as joint book-running managers for the offering. Sandler O'Neill + Partners, L.P. and Hovde Group, LLC acted as co-managers for the offering. Capital was represented by Holland & Knight LLP. The underwriters were represented by Covington & Burling LLP.

About Capital Bancorp, Inc. 

Capital is a registered bank holding company for Capital Bank, National Association, headquartered in Rockville, Maryland. Capital Bank, National Association, is a commercial-focused national banking association that offers commercial and consumer banking services to clients in the Washington, D.C.and Baltimore, Maryland metropolitan areas, alongside two nation-wide consumer lending brands, Church Street Mortgage, a mortgage division that originates conventional and government-guaranteed residential mortgage loans, and OpenSky, which provides secured credit cards to under-banked populations and those looking to rebuild their credit scores. As of June 30, 2018, Capital had total assets of $1.1 billion, total loans held for investment of $920.8 million, total deposits of $938.4 million, and total stockholders' equity of $87.0 million.