National Capital Bank (OTCMKTS:NACB) Announces New Additions to Construction and Commercial Lending Teams
Founded in 1889, National Capital Bank (OTCMKTS:NACB) is a wholly owned subsidiary of National Capital Bancorp, Inc. It is Washington’s oldest bank, with headquarters on Capitol Hill. It also operates residential mortgage and commercial lending offices and a wealth management services division. It provides personal loans, home equity lines of credit, residential mortgages, paycheck protection program loans, commercial lines of credit, term loans, and much more. Other services include cash management, disbursement services, online and mobile banking services, mobile deposits, escrow management, automated clearing house, remote deposit capture, lockbox services, merchant card processing, safe deposit boxes, and wealth management services.
Market Stats
On Tuesday, NACB stock ended flat at $186 with 207 shares, compared to its average volume of 38 shares. The stock moved within a range of $186.00 – 186.00 after opening trading at $185.75.
National Capital Bank Adds to Construction and Commercial Lending Teams
National Capital Bank (NCB) has announced about including Bradley J. Duncan and Sean A. Biehl, in its lending team. Bradley assumes the role of Senior Vice President, Construction Lending Director and Sean takes the responsibility of Vice President, Commercial Loan Officer.
Bradley J. Duncan
He has over three decades of real estate lending experience, which will be useful for managing NCB’s construction portfolio. He will also work towards developing new lending opportunities focused on new construction, renovation and expansion for the home building, multi-family, office, retail and industrial sectors. He has both Bachelor’s and Master’s degrees in Business Administration from Auburn University.
Sean A. Biehl
His prominent banking career spans almost a couple of decades, beginning with management positions in branch banking, before transitioning to a credit analyst and commercial loan officer. Using his expertise in the Northern Virginia market, Sean will be responsible for cultivating new C&I client relationships. He has a Bachelor of Science in Finance and Accounting with a minor in Business Administration from University of Maryland.
Richard B. (Randy) Anderson, Jr., Chief Executive Officer, has expressed great excitement on Brad and Sean joining NCB’s outstanding team of local commercial lenders. He is confident that their vast industry experience will fit in amazingly with NCB’s strategic plan to expand its business lending activities. He said the team is now in a much better position to meet the financial requirements of more local businesses in the Metropolitan Washington market.
Key Quote
“We are thrilled to have Brad and Sean join NCB’s outstanding team of local commercial lenders. Their industry experience fits perfectly with the Bank’s strategic plan to expand our business lending activities,” said Richard B. (Randy) Anderson, Jr., Chief Executive Officer. “Our team is now better positioned to meet the financing needs of more local businesses in the Metropolitan Washington market,” continued Anderson.
Traders Corner
NACB stock is trading above the 20-Day and 50-Day Moving averages of $185 and $181 respectively. However, the stock is trading below the 200-Day moving average of $200.
