Find companies:

Capital Bank

Job Work/Life Balance
Compensation/Benefits
Job Security/Advancement
Management
Job Culture
28 reviews

About Capital Bank

Capital Bank Corporation owns about a quarter of Capital Bank, NA, which  has more than 140 offices in the Carolinas, Florida, Tennessee, and Virginia. The bank provides consumer and commercial banking services such as savings, checking, and health savings accounts, as well as CDs, IRAs, and credit cards. Real estate loans, including commercial and – more... residential mortgages, as well as construction, land development, and farmland loans, make up about 85% of the bank's loan portfolio. Business and consumer loans help to round out its lending activities. The bank offers private banking, trust, and investment services through affiliate Naples Capital Advisors. 

Capital Bank Financial (formerly North American Financial Holdings or NAFH) owns about 83% of Capital Bank Corporation after agreeing to pay some $181 million for its stake in 2010 (the deal was finalized early the following year). Capital Bank Financial went public in 2012, and Capital Bank Corporation will eventually be merged into the company.

The former NAFH was formed in 2009 to invest in struggling and failed banks, primarily in the southern US. It has acquired several banks in its target market, including Capital Bank, GreenBank, TIB Bank, Metro Bank, Turnberry, and 1st National Bank of the South. The company merged the banks into the newly formed Capital Bank, NA, which took the place of the former Capital Bank in 2011. In addition to Capital Bank Corporation's stake, Capital Bank Financial and TIB Financial each own about 20% of Capital Bank, NA, while Green Bankshares holds more than a third.

Capital Bank Corporation's interest in Capital Bank, NA translated to losses of about $64 million in fiscal 2010 as the bank continued to stockpile provisions for loan losses. Credit quality improved, however, along with the broader economy in 2011, and the company turned a modest profit of some $5 million on revenues of nearly $40 million.

Like many financial institutions, the former Capital Bank was negatively impacted by the economic downturn that began in 2008. As its nonperforming assets mounted, the company implemented cost-saving measures such as instituting a pay freeze and reducing the size of its board of directors. The company attempted to raise capital through a 2009 stock offering through outside private equity investors. However, the stock offering, after being delayed, ended up bringing in much less money than originally hoped, and a deal involving an unnamed private equity investor lapsed and never materialized. The former NAFH stepped in the following year. – less

Capital Bank Employer Reviews

Assistant Branch Manager (Former Employee), Rockville, MDSeptember 19, 2013
Commercial Real Estate Portfolio Manager (Current Employee), Rockville, MDMarch 16, 2014
Teller I (Current Employee), Graham, NCApril 16, 2014
Sr. Commercial Portfolio Manager (Former Employee), Nashville, TNMarch 5, 2014
Personal Banker (Former Employee), miami flFebruary 6, 2014

Working at Capital Bank

  • What are the average starting salaries, bonuses, benefits and travel requirements like at Capital Bank? What do you like best about working at Capital Bank? Are there any...
  • Do you work at Capital Bank? How did you find the job? How did you get that first interview? Any advice for someone trying to get in?
  • It's always hard to know what to expect when going in for that interview -- and preparation can make all the difference. What is the interview process like at Capital Bank...
  • Every business has its own style. What is the office environment and culture like at Capital Bank? Are people dressed in business casual, jeans and t-shirts, or full-on s...
  • What do you think - will Capital Bank grow fast? Are they expanding their staff? How does Capital Bank stack up against the competition?