About Us

Products & Service

Online Banking Info

Contact Us

News & Events

Links

Customer Service

EZ - Switch

Se Habla Español

 

Remote Deposit Login

 

Verified by Visa
Verified by Visa

Lost or Stolen
Visa Card?
Click Here!

  All Location Hours  
Lobby
Mon-Wed
8:30 AM – 5:00 PM
Thur-Fri
8:30 AM – 6:00 PM
Saturday
9:00 AM – 1:00 PM

Drive-Thru
Mon-Thur
8:00 AM – 6:00 PM
Friday
8:00 AM – 7:00 PM
Saturday
9:00 AM – 1:00 PM

Press Release

FOR IMMEDIATE RELEASE
October 28, 2015

CONTACT:
David J. Hanrahan
856-457-6360
dhanrahan@capitalbanknj.com

Capital Bank Reports Results through September 30;
Completes Stock Repurchase

Capital Bank of New Jersey, the South Jersey community bank owned by hundreds of local stockholders, has announced its results through the third quarter. The bank reported a net income of $2,956,000 for the nine months ended September 30, 2015, a 11.5% increase over the same period in 2014. Capital Bank also reported that its total assets at September 30, 2015 were $369 million.

David J. Hanrahan, President and CEO, commented, “We are very pleased with our results so far this year. Loan growth in 2015 continues to be excellent, up 14% between September 30, 2014 and September 30, 2015. Our niche as a locally-owned commercial bank making fast and flexible loan decisions continues to attract new customers.”

On October 2 Capital Bank completed its previously-announced 2015 Stock Repurchase Program. Under that initiative the bank repurchased 66,000 shares of its own stock at a price of $15.15 per share, for a total repurchase amount of approximately $1 million.

Dominic J. Romano, Chairman of the Board, said, “We are very pleased to have successfully concluded our first-ever Stock Repurchase Program. Our goals for the program were to enhance future periods’ earning per share and to provide a liquidity option to our stockholders. We believe we accomplished both.”

Capital Bank opened in Vineland in 2007. Today it has four locations – two in Vineland, one in Woodbury Heights, and one in Hammonton. Capital Bank lends money to businesses and individuals throughout South Jersey, is an Approved SBA Lender and a NJEDA Premier Lender. It is also 5-Star rated by BauerFinancial and was named in the 2015 Top 15 Percent of Community Banks by Seifried & Brew.