Recent Updates — CBNK
Capital Bancorp, Inc. dismissed Elliott Davis, PLLC as its independent registered public accounting firm and appointed Crowe LLP for the fiscal year ending December 31, 2026. The Audit Committee selected Crowe to access larger resources and industry specialization supporting the company's growth. Previous audit reports contained no adverse opinions or qualifications, though a material weakness in internal control over financial reporting was disclosed in the 2025 Form 10-K. There were no other accounting disagreements or reportable events with the former auditor. Capital Bancorp operates as a bank holding company providing financial services.
The Board of Directors of Capital Bancorp, Inc. unanimously approved proposals to submit to stockholders to eliminate the company's classified board structure and all supermajority voting provisions in its Articles of Incorporation. If approved, future director elections would transition to annual one-year terms. Capital Bancorp, Inc. is a financial services company providing banking services.