Capital Bancorp, Inc. (NASDAQ: CBNK) announced that Ed Barry’s employment agreement has been renewed through December 2027 and that Steve Poynot, the current President and Chief Operating Officer, will become Chief Executive Officer of Capital Bank, N.A. The promotion, effective January 1 2026, follows approvals on December 24 2025 and was disclosed on December 30 2025.
The change reflects the company’s strategy to give dedicated executive oversight to its growing commercial banking franchise and its national specialty platforms. Chairman Steven J. Schwartz said the alignment “acknowledges the complexity of our enterprise and ensures that we continue to harvest the investments that we have made in our commercial banking franchise, while continuing to maximize the growth of our other lines of business.” Barry will remain responsible for the holding company’s enterprise strategy, while Poynot will focus on commercial banking operations and oversee Windsor Advantage, the outsourced SBA and USDA lending platform acquired through the IFH integration.
Capital Bancorp reported $3.4 billion in assets as of September 30 2025 and revenue of $63.1 million for the third quarter of 2025, a 40.23% increase from the same period a year earlier. The growth is driven by expansion in the commercial banking segment and the integration of the IFH acquisition, which added West Town Bank & Trust and Windsor Advantage to the group.
The commercial banking division has seen steady demand for small‑business loans, while Windsor Advantage continues to grow its SBA and USDA loan book. The IFH acquisition, completed in February 2025, has been fully integrated, providing a broader national footprint and additional loan origination capacity that supports the company’s diversification strategy.
Chief Financial Officer Jacob Dalaya, who joined the company as Executive Vice President and CFO, emphasized that the leadership realignment will allow the company to focus resources on high‑growth specialty businesses while maintaining disciplined cost management. Barry’s continued focus on enterprise strategy signals confidence in the long‑term direction of the holding company.
The announcement does not indicate any immediate operational or financial changes beyond the leadership transition, but the realignment is expected to influence how Capital Bancorp allocates resources between its commercial banking core and its high‑growth specialty businesses.
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