Capital Bank in Rockville, Maryland, has named Mary Ann Scully, a longtime community banker who founded and led Howard Bank, as its new board member.
Scully will provide "valuable insights and strong leadership acumen" as the $2.2 billion-asset Capital looks to expand further in the Washington, D.C., metro area, according to a press release Friday. Capital currently has four branches in the D.C. area.
Scully has worked in the Maryland banking industry for 40 years. She started Howard Bank in 2004 after leaving an executive vice president role at Allfirst Bank when it was sold to M&T Bank. Scully grew Howard to $2.5 billion of assets before it was sold to First National Bank of Pennsylvania, the banking unit of FNB Corp., in 2022. Howard was the largest locally headquartered bank in the greater Baltimore area at the time of its sale.
"Mary Ann Scully's addition to our board of directors is a significant milestone for Capital Bank," Ed Barry, CEO of Capital Bank, said in the press release. "Her extensive experience and deep understanding of the industry will undoubtedly contribute to the continued growth and success of our bank."
Scully told American Banker in 2017 that she founded Howard with the intention of creating "a bank in Baltimore that's like the banks of the 1970s and 1980s" that could serve any company in the city.
Scully led Howard Bank through the 2008 financial crisis and then through its
American Banker
Scully described herself in 2017 as a "passionate advocate for community banks."
"I would make these speeches: `These are the banks that are doing things that resonate with the customers. Stop dismissing them. Stop looking down on them,'" she previously told American Banker.
