On June 24, 2024, Jennings "Jay" Walker, Chief Financial Officer of Capital Bancorp, Inc. and its banking subsidiary, Capital Bank, N.A., informed the Company and the Bank of his decision to resign, effective August 1, 2024. Mr. Walker's decision is due to personal reasons and is not a result of any disagreement with the Company or the Bank on any matter related to the operations, policies or practices of the Company or the Bank. The Company has initiated a nation-wide search for Mr. Walker's replacement.