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SOURCE Capital Bank
ROCKVILLE, Md., Sept. 24, 2013 /PRNewswire/ -- Capital Bank is pleased to announce that Jerome R. Bailey has been elected to its Board of Directors. Mr. Bailey is currently Managing Member of Bailey Real Estate Holdings, LLC in Washington, DC. Bailey Real Estate Holdings, LLC develops residential and commercial real estate and has assisted the District of Columbia's initiative to house homeless, transitional, and disabled families by offering affordable housing to low-to-moderate income residents. He oversees staff and contractors in the areas of business operations, property maintenance and tenant relations. He also has expertise in acquiring, financing and developing multi-family properties.
"Mr Bailey brings the right blend of strategic and entrepreneurial acumen that will help guide Capital Bank to continued success," said Ed Barry, CEO of Capital Bank. "Jerome has already been a great asset to the Bank as a customer and Advisory Board member and we see his impact increasing as he joins the Board."
Bailey is also a Managing Member of Redwood Ventures, LLC, a full service development and construction firm focused on redeveloping neglected and underutilized residential and commercial buildings throughout the District.
In addition, he is a Managing Member of Smith Commons, LLC a restaurant and bar located in the H Street corridor.
Bailey received a Bachelor of Business Administration from Howard University with a concentration in Actuarial Science.
Capital Bank is a full service commercial bank dedicated to providing the friendliest, most responsive banking services to businesses, professionals, not-for-profit organizations and investors in the Washington, DC metropolitan area. With over $4000 million in assets and branches centrally located in Montgomery County, MD and Washington, DC. Capital Bank is well positioned to offer a full range of banking services including, online banking, cash management and commercial and residential mortgage lending services. For more information about the Bank, visit the Bank's website at www.capitalbankmd.com.
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