Investing.com - Financial Markets Worldwide

Capital Bancorp announces CFO resignation and interim appointment

Published 16/10/2025, 21:50
Capital Bancorp announces CFO resignation and interim appointment
CBNK
-1.65%

Capital Bancorp Inc (NASDAQ:CBNK), a $472 million market cap regional bank with strong profitability metrics and a 13% return on equity, reported that Dominic C. Canuso, its Executive Vice President and Chief Financial Officer, informed the company and its banking subsidiary of his decision to resign, effective October 27. According to a statement released in a recent SEC filing, Mr. Canuso’s departure is based on a personal decision to pursue another opportunity and is not related to any disagreement with the company or its banking subsidiary regarding operations, policies, or practices.

The company’s Board of Directors has appointed Connie Egan, currently Chief Accounting Officer of Capital Bank, N.A., as the interim Principal Financial and Accounting Officer effective October 28. Ms. Egan, age 64, has served as Chief Accounting Officer since September 2020 and previously held the position of Senior Vice President, Director of Financial Planning and Analysis from August 2018 until September 2020. Prior to joining Capital Bank, she was Chief Financial Officer at Embassy National Bank for more than seven years.

Capital Bancorp stated that Ms. Egan has no family relationships with any executive officers or directors and there have been no related party transactions between her and the company that require disclosure. The company also noted that no new or amended compensatory arrangements, grants, or awards were made in connection with her appointment.

The company has begun a nationwide search for a permanent replacement for Mr. Canuso. This information is based on a press release statement included in a recent SEC filing. With the company’s next earnings report due on November 4, investors can access comprehensive analysis and additional insights through InvestingPro, which features 6 more key tips about Capital Bancorp’s performance and outlook.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.