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Capital Bank Financial in Coral Gables, Fla., has gone more than a year since its last acquisition a common problem for M&A-minded banks these days. Its leaders urged shareholders to be patient in a sales pitch that other execs in the same bind could learn from.
September 9 -
Former managers of Southern Community Financial have filed a lawsuit against Capital Bank Financial in Coral Gables, Fla., claiming that the companies' merger agreement violated their employment contracts.
April 29
Capital Bank Financial (CBF) in Coral Gables, Fla., has hired a former Huntington (HBAN) executive for its top technology job.
Zahid Afzal has joined the $6.6 billion-asset Capital as chief technology and operations executive, it announced Friday. The company did not respond to a request for details on whom he replaced in those roles.
Before joining Capital, Afzal spent six years as chief information officer at the Columbus, Ohio-based Huntington. Previously he was chief information officer for Bank of America's (BAC) consumer and small-business banking division.
In October he was
"We are very pleased to announce that Zahid Afzal has joined our team at Capital Bank," Chairman and Chief Executive Gene Taylor said in a news release. "With his deep experience and strong leadership skills, [Afzal] will help us grow organically, improve efficiency and operate safely and soundly."
Capital Bank Financial was formed by private-equity firms to roll up smaller banks, and it did eight deals in its first two years. It
