VINELAND — Capital Bank of New Jersey announces the promotion of Nia Coombs to Vice President. Coombs is a commercial loan officer who has been employed by Capital Bank since 2007. In addition to managing a commercial loan portfolio, she is also the bank’s SBA loan officer.
Joseph F. Rehm, chief lending officer of the bank, commented “Nia has been instrumental in helping the bank build its SBA Lending Program. We look forward to her continuing to develop this niche.”
At its annual stockholders meeting held on April 27 the bank also recognized the retirement of William J. Hallissey from its Board of Directors.
Romano said, “The Board is pleased to recognize Bill’s 10 years of service as a director and the important role he played as one of the two Principal Organizers of Capital Bank.”
The bank also announced its plan to open a new Loan Production Office (LPO) in Marlton. The LPO will open in the summer.
David J. Hanrahan, President and CEO, remarked “Capital Bank has been lending money to businesses throughout South Jersey since we opened for business. This new LPO, under the leadership of Brad Cusick, our Camden and Burlington County market manager since 2012, will further support our ability to do so.”
The bank reported at its annual meeting that it had earnings of $ 1,286,000 for the three months ended March 31, 2017, an increase of $ 226,000 (21 percent) compared to the first quarter of 2016. It reported total assets of $ 472 million at March 31, 2017.
At the annual meeting all eight of Capital Bank’s nominated directors were re-elected by its stockholders. In addition to Romano and Hanrahan, the bank’s directors are John J. DiDonato, Harry E. Hearing, Daniel R. Kuhar, Patricia Pilone, Salvatore A. Pipitone, and George H. Stanger, Jr.
This item submitted by Barbara Leistner for Capital Bank.