CapStone Bank has stretched over the Raleigh roots.
The bank voiced this sunrise that it not long ago non-stop a loan prolongation bureau in Cary and in the future expects to open a full-service bend in Cary. The new bureau is at 1140 Kildaire Farm Road.
CapStone, that focuses to one side on small and midsize businesses, non-stop the flagship bureau in Raleigh in Aug 2006.
Unlike alternative banks, the commercial operation indication -- identical to alternative business-only banks such as Paragon Commercial Bank in Raleigh and KeySource Commercial Bank in Durham -- doesnt rely on carrying countless locations. Its commercial operation business lend towards to bank remotely, that includes online promissory note as well as submitting checks electronically.
"You dont unequivocally need to come in the banks," pronounced CEO Steven Ogburn.
Ogburn pronounced that CapStones enlargement was driven by the accessibility of Jonathan Taylor, who was hired as comparison clamp boss to lead the Cary operation. Taylor, a maestro of BBT and Crescent State Bank, majority not long ago was handling partner of Everest Group, a genuine estate investment association formed in Cary.
Although most banks are struggling, Capstone had the most appropriate year ever last year. Its 2009 distinction totaled $925,000, up from $287,000 a year earlier.
CapStone finished 2009 with $185 million in assets, up from $152 million in 2008.
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