Capital Bancorp, a community bank serving the Baltimore and Washington, DC MSAs, filed on Friday with the SEC to raise up to $35 million in an initial public offering.
The Rockville, MA-based company was founded in 1999 and booked $13 million in net income for the 12 months ended June 30, 2018. It plans to list on the Nasdaq under the symbol CBNK. Capital Bancorp filed confidentially on May 9, 2018. Keefe Bruyette Woods and Stephens Inc. are the joint bookrunners on the deal. No pricing terms were disclosed.
