Capital Bancorp, Inc. (NASDAQ: CBNK) has announced significant management changes and the renewal of Ed Barry’s employment agreement through December 2027. As part of the changes, Steve Poynot, the current President and Chief Operating Officer, will be elevated to the position of Chief Executive Officer of Capital Bank, N.A., while Mr. Barry will continue to serve as the Chief Executive Officer of Capital Bancorp.
The company, with $3.4 billion in assets as of September 30, 2025, is focused on creating a diversified financial services enterprise comprised of a core commercial bank and a set of differentiated, high-performing businesses. This move is aimed at supporting the company’s long-term vision.
Mr. Poynot, who joined Capital Bank in 2022, has over 25 years of experience in commercial banking and will continue to lead the Commercial Bank while retaining oversight of Windsor Advantage.
The announcement reflects the company's strategy to align its leadership structure to support its long-term growth plans and acknowledges the complexity of its enterprise, as it seeks to maximize the growth of its various lines of business. Today the company's shares have moved -2.6% to a price of $28.87. For more information, read the company's full 8-K submission here.
