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-Capital Bancorp approves new stock repurchase program

Feb 04, 2021 - Global Banking News

Global Banking News - 04 February 2021

Capital Bancorp Inc. (NASDAQ: CBNK), the holding company for Capital Bank, NA, has said that its board of directors has approved a new stock repurchase program, under which the company may repurchase up to USD7.5m of its outstanding common stock.

'We believe having the option to repurchase shares offers an effective capital management tool for building long-term shareholder value,' said Ed Barry, Capital Bancorp Inc CEO.

The new sto...