Capital Bank, NA Expands OpenSky® Card Offering to

ROCKVILLE, Md., November 30, 2021 (GLOBE NEWSWIRE) – OpenSky®, the digital banking division of Capital Bank, NA, is pleased to announce the expansion of its product offering with the addition of the OpenSky Visa® card Gold. The OpenSky Gold Card is an unsecured credit card that complements the popular OpenSky® Secured Visa® credit card, labeled with ADVISOR Forbes as a “good option to help you rebuild your credit”. This new addition provides an uninterrupted experience for OpenSky customers who can now more easily continue their journey from a secure to partially secure to unsecured credit card.

Capital Bank has a long tradition of investing in value-added products and services to better serve its clients, by intelligently combining technology and data analytics. Leveraging proprietary data for credit modeling, the new OpenSky® Visa® Gold card is transformative for OpenSky cardholders. It will initially serve exclusively as a graduation product for customers who are doing well with their secure credit card. According to Karl Dicker, COO and President of OpenSky, “We are delighted to invest in this expansion as it provides clients with additional access to credit on their journey to achieving their financial goals. “

Capital Bank has a proven track record of innovating around the needs of its clients and OpenSky is no exception. Ed Barry, CEO of Capital Bank, NA, adds Ed Barry: “This expansion of our digital banking aligns with the Bank’s strategic direction as we continue to move all of our divisions forward to find new ways to deliver value to our customers. whether it’s moving to a more digital platform or launching new products. We see great potential in the OpenSky business and look forward to developing it further. “

Capital Bank, NA, is the fifth bank headquartered in Maryland on September 30, 2021. Capital Bank has been providing financial services since 1999 and now operates bank branches in five locations in the Greater Washington, DC, Virginia markets. North and Baltimore, Maryland. Capital Bank is a wholly owned subsidiary of Capital Bancorp, Inc. which held assets of approximately $ 2.2 billion as of September 30, 2021. The common shares of Capital Bancorp are traded on the NASDAQ Global Market under the symbol “CBNK “. Further information is available on the Company’s website under its investor relations page.

FINANCIAL CONTACT: Alan Jackson (240) 283-0402
MEDIA CONTACT: Ed Barry (240) 283-1912