Capital Bancorp announced that Jacob Dalaya will serve as Executive Vice President and Chief Financial Officer, effective immediately on November 14, 2025. Dalaya succeeds Connie Egan, who transitioned from the Principal Financial and Accounting Officer role on the same day.
Dalaya joins the bank after a successful tenure as Chief Strategy Officer, during which he led the acquisition of Integrated Financial Holdings. Prior to that, he was a Managing Director at Webster Financial Corporation, held leadership positions at Sterling Bancorp, and worked as a Vice President in the investment banking division of Keefe, Bruyette & Woods and at J.P. Morgan Securities. He earned his degree from New York University.
CEO Edward Barry praised Dalaya’s strategic influence, saying, “Jake has been instrumental in shaping Capital Bank’s long‑term strategy and strengthening our financial discipline. His combination of strategic insight, operational rigor, and deep industry experience is exactly what we need as we continue to scale the bank and advance our growth agenda.” Dalaya added, “Capital Bank has built a compelling strategy diversified across a strong core commercial bank and differentiated, high‑return verticals. I look forward to working with the team to continue generating best‑in‑class returns and growth for our shareholders.”
Capital Bancorp’s financial backdrop underscores the significance of the appointment. The bank reported $3.4 billion in assets as of September 30, 2025, and posted GAAP net income of $15.1 million, or $0.89 per share, in the third quarter of 2025—an increase from the same period a year earlier. The company also saw growth in gross loans and net interest income, reflecting healthy credit expansion and effective interest‑rate management.
Dalaya’s promotion from strategy to finance signals a deliberate shift toward integrating growth initiatives with disciplined capital allocation. His M&A and capital‑raising expertise, honed at major investment banks, positions him to evaluate future acquisitions, optimize the bank’s capital structure, and support the diversified strategy across commercial banking and specialty platforms. The internal promotion also preserves continuity, allowing the new CFO to build on the momentum generated by the IFH acquisition and the bank’s recent earnings strength.
The appointment is expected to reinforce Capital Bancorp’s focus on shareholder value creation, as the new CFO will oversee financial discipline while pursuing strategic growth opportunities. The move aligns with the bank’s broader objective of scaling its commercial banking footprint and deepening its high‑return verticals, thereby enhancing long‑term profitability and resilience in a competitive banking landscape.
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