Capital Bancorp CBNK

Capital Bancorp, Inc. is a bank holding company that operates primarily through its wholly-owned subsidiary, Capital Bank, N. A., a commercial-focused community bank serving the Washington, D. C. and Baltimore metropolitan areas. The company provides relationship-driven banking services to businesses, not-for-profit associations, entrepreneurs, and individuals across multiple states including Maryland, Delaware, Florida, Illinois, and North Carolina. Capital Bancorp, Inc. maintains a national banking charter enabling certain divisions to operate on a nationwide scale through specialized lending and deposit verticals.

Capital Bancorp, Inc. generates revenue through interest income from loans and investments, fee-based services, and gains from loan sales. The Commercial Banking division earns interest on commercial and industrial loans, commercial real estate, construction, and government-guaranteed lending, while also generating fee income from deposit services and loan servicing rights. OpenSky ™ generates revenue from interest and fees on secured, partially secured, and unsecured credit cards issued to under-banked consumers seeking to rebuild credit. Capital Bank Home Loans (CBHL) earns income from residential mortgage origination, with most loans sold into the secondary market on a servicing-released basis. Windsor Advantage ™ produces fee income by servicing, processing, and packaging SBA and USDA loans for financial institution clients, including Capital Bank.

The company operates through the following segments: Commercial Banking, OpenSky ™ , Windsor Advantage ™ , and Capital Bank Home Loans (“CBHL”).

• Commercial Banking: This division provides relationship-driven banking services including commercial and industrial lending, commercial real estate financing, construction loans, and government-guaranteed lending such as SBA and USDA loans. It retains non-guaranteed portions of government loans and associated servicing rights to generate recurring income while selling guaranteed portions into the secondary market for one-time gains. The division also operates national deposit verticals serving homeowners associations, title companies, political action committees, and not-for-profit organizations through specialized relationship managers and business development officers focused on core deposit growth.
• OpenSky ™ : This division offers secured, partially secured, and unsecured credit cards on a nationwide basis to under-banked populations and individuals rebuilding their credit scores. Secured cards require a minimum deposit of $100 and allow maximum deposits of $3,000 per card and $10,000 per individual, with the deposit held as collateral in a noninterest-bearing demand account. The product operates on a digital and mobile-enabled platform using proprietary scoring models, AI-driven fraud detection, and behavioral analytics to manage credit risk and optimize account profitability over the customer lifecycle.
• Windsor Advantage ™ : This division serves as a loan service provider offering community banks and credit unions a comprehensive outsourced platform for SBA and USDA loan servicing, processing, and packaging. It generates fee revenue for the company through these activities, with gross government loan servicing revenue totaling $19.6 million for the year ended December 31, 2025, including $4.1 million from Capital Bank-related servicing. At December 31, 2025, Windsor Advantage™ managed a total servicing portfolio of $3.1 billion, of which $1.3 billion was attributable to Capital Bank.
• Capital Bank Home Loans (“CBHL”): This division originates conventional and government-guaranteed residential mortgage loans on a nationwide basis primarily for sale into the secondary market, with loans sold servicing released. Approximately 78.5% of CBHL loan originations by volume occur within Maryland, Virginia, Delaware, and Washington, D. C., while the remainder originate nationally through a direct-to-consumer model utilizing consumer marketing and social media applications. The retained residential portfolio focuses on high-quality, lower-risk loans, including mortgages on primary residences within the company’s operating markets where commercial lending relationships may also be pursued.

Capital Bancorp, Inc. operates as a commercial-focused community bank with a national reach through specialized verticals, differentiating itself from traditional regional banks by combining local relationship banking with scalable digital platforms. The company competes with other mid-sized bank holding companies and fintech firms in the secured credit card and mortgage origination spaces, leveraging its national charter and technology-enabled strategies to serve niche markets such as credit rebuilders and government loan servicing clients. Its competitive advantages include expertise in government-guaranteed lending, a strong core deposit growth focus, and integrated cross-selling capabilities across its OpenSky ™ , CBHL, and Commercial Banking divisions.

Capital Bancorp, Inc. serves businesses, not-for-profit associations, entrepreneurs, and individuals seeking commercial lending, deposit services, and financial solutions in the Washington, D. C., Baltimore, and broader Mid-Atlantic regions. The company also serves under-banked consumers nationwide through its OpenSky ™ credit card product targeting those rebuilding credit scores. Additionally, Capital Bank Home Loans serves residential mortgage borrowers primarily in Maryland, Virginia, Delaware, and Washington, D. C., with a national direct-to-consumer channel. Windsor Advantage™ serves financial institution clients, including community banks and credit unions, that require outsourced SBA and USDA loan servicing, processing, and packaging capabilities.