Capital Bank, N.A., Announces Enhanced Online & Mobile Banking Convenience for Small-to-Medium Businesses

Rhea-AI Summary

Capital Bank, N.A. has upgraded its digital banking platform designed for small-to-medium businesses, enhancing mobile convenience and cash management functions. The new Enhanced Business Online Banking offers a user-friendly interface with features like real-time alerts, robust transaction history, and mobile banking. CEO Edward Barry emphasizes that the platform supports business owners in managing cash flow efficiently. As of June 30, 2020, Capital Bancorp held approximately $1.8 billion in assets and ranks as Maryland's seventh-largest bank, with its stock traded under the symbol CBNK.

Positive

• Upgraded digital banking platform enhances mobile convenience for small-to-medium businesses.
• Intuitive interface with robust functionalities such as cash flow management and security features.
• Provides 18 months of transaction history and real-time alerts.

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• None.

ROCKVILLE, Md., Aug. 10, 2020 /PRNewswire/ -- Leveraging its award-winning in-house technology development team, Rockville, Maryland-based Capital Bank, N.A., has upgraded their digital banking platform which integrates mobile convenience and cash management functionality that helps small-to-medium businesses stay nimble and responsive to today's fast-changing demands.

Capital Bank's "Enhanced Business Online Banking" offers a more intuitive user interface, point and click management of cash flows, greater access to historical transaction data, and stronger security.

"The technology and banking functionality we bring to our customers is designed with their business needs in mind," said Capital Bank, N.A., CEO Edward Barry. "We understand not only how tech-savvy today's business owners are, but also how important it is for them to save time and manage their cash flow with ease and speed."

Capital Bank has a longstanding tradition of investing in technology with an eye toward simplifying the banking experience allowing their commercial clients to focus on their business.

The upgraded platform provides businesses with the ultimate in digital convenience:

• One location for payments and transfers, including ACH, wires, payroll and bill pay.
• Robust access to 18 months of statement history, transactions and balances – free.
• Newly designed home screen provides a snapshot of client's current position, including real-time alerts and approvals.
• Mobile banking for on-the-go entrepreneurs.
• Card Controls safeguard debit cards from fraud with the touch of a button.
• Intuitive, at-a-glance navigation, while retaining current settings and templates.

Powerful, point and click functionality is right at the account holder's fingertips, including added security-based alerts and specialized controls that enable business owners to define where the company card can be used, limit purchases by dollar amount and type of merchant, report a lost or stolen card, and turn a card on or off – all from the mobile app.

"Capital Bank's new digital platform empowers business owners to stay on top of their working capital 24/7, and get the information they need in seconds, from the convenience of their smartphone or tablet," added Barry. "It's all about seeing your business's entire financial picture in one place."

About Capital Bank, N.A.
Capital Bank is a wholly owned subsidiary of Capital Bancorp, Inc., and is the seventh largest bank headquartered in Maryland at March 31, 2020.  Capital Bank has been providing financial services since 1999 and operates bank branches in five locations in the greater Washington, D.C., Northern Virginia/ Baltimore metro area.  Specializing in adapting traditional and current digitally based banking products to solve its customers' most pressing needs and providing personalized services; Capital Bancorp had assets of approximately $1.8 billion at June 30, 2020 and its common stock is traded in the NASDAQ Global Market under the symbol "CBNK." More information can be found at the Company's website www.capitalbankmd.com under its Investor Relations page.

Media Contact:
Kathy Fowler
On The Marc Media
410 963-2345
Kathleen@onthemarcmedia.com

View original content:http://www.prnewswire.com/news-releases/capital-bank-na-announces-enhanced-online--mobile-banking-convenience-for-small-to-medium-businesses-301108830.html

SOURCE Capital Bank, N.A.

FAQ

What is the new feature of Capital Bank, N.A.'s digital platform?

The upgraded platform features enhanced mobile banking convenience and cash management functionalities for small-to-medium businesses.

How does Capital Bank's Enhanced Business Online Banking assist business owners?

It provides an intuitive user interface for better cash flow management, real-time alerts, and mobile banking access.

What are the key benefits of the new digital banking platform?

Key benefits include easy management of payments, access to 18 months of past statements, enhanced security features, and mobile capabilities.

What is Capital Bancorp's asset size as of June 30, 2020?

Capital Bancorp held approximately $1.8 billion in assets on June 30, 2020.

Under what ticker is Capital Bancorp traded?

Capital Bancorp's stock is traded under the symbol CBNK.