WASHINGTON, Jan. 9, 2014 /PRNewswire-USNewswire/ -- As
The National Capital Bank of Washington enters into its 125th year of
service to the Washington
metropolitan region, it is pleased to announce several recent
appointments to its Board of Directors and Senior Level
Management.
With the passing of Richard A. Didden,
Sr., the bank's Chairman and CEO late in 2013, the Board of
Directors elected Robert F. Comstock
to serve in both roles previously held by Mr. Didden.
Mr. Comstock has served on NCB's Board for 15 years, has been Chair
of its Executive Committee 10 times, and currently serves as legal
counsel. Robert Comstock has
practiced law in the District of
Columbia for over 40 years, and serves on the boards
of The Catholic University of America,
the Forward in Faith campaign of the Archdiocese of Washington and Basilica of the National Shrine
of the Immaculate Conception. Mr. Comstock served four years in
the United States Air Force and
brings to National Capital Bank considerable experience in
community banking, most notably as the former Chair and CEO of the
Baltimore Bank Corporation and Metropolitan Federal Savings and
Loan which was purchased by the Baltimore Bank Corporation. Mr.
Comstock has both an undergraduate and law degree from The Catholic University of America.
R. Andrew Didden, Jr., the son of
the late Chairman, was elected to the Bank's Board of Directors at
its December meeting. Mr. Didden has been an officer of the Bank
for 10 years, currently manages the Bank's investment department,
the National Capital Financial Group, and represents the fifth
generation of the Didden family to take an active role in the
company's management. Mr. Didden is a graduate of the University of Maryland and holds an MBA from the
Johns Hopkins University with a
concentration in Finance and a specialty in Portfolio
Management.
The Bank's senior management was further strengthened by the
appointment of Jeffrey Karafa as the
Bank's Chief Financial Officer. Mr. Karafa has 30 years of
experience in all aspects of financial management in the community
banking sector most recently as Chief Operating Officer and Chief
Financial Officer of Bank of Michigan. Prior to his role with Bank of
Michigan, Mr. Karafa served as
Head of Operations and Chief Financial Officer of Fidelity Bank in
Dearborn, Michigan, growing the
bank from a de novo to $1.2
billion in assets. Mr. Karafa has a Bachelor's Degree in
Business Administration from the University of
Michigan and an MBA with a concentration in Economics from
the University of Detroit.
"While the National Capital Bank family is saddened by the loss
of my brother Richard Didden, I am
confident these appointments to our Senior Executive team will help
ably guide our Bank through the difficult decisions we must make in
this challenging economic climate," says James M. Didden, President of the
Bank. "We remain committed to the principles of fiscal
responsibility, corporate integrity and community involvement that
have guided us for the past 125 years," added Mr. Didden, a member
of the fourth generation of Diddens to lead the Bank.
The National Capital Bank of Washington was founded in 1889 and is the
oldest bank in Washington D.C. It has been managed by the
Didden family since its founding. NCB has assets of
$423 million and is headquartered on
Capitol Hill with a second branch located in Friendship Heights. The Bank has been
recognized over the last decade with numerous accolades for its
safety and soundness, exceptional performance, small business
loans, and for being named one of the top banks and thrifts, a
100-year old small business of the year, and top commercial
lender. NCB trades under the symbol NACB. For more
information about NCB, go to www.nationalcapitalbank.com
Contact: David Glaser
Company: The National Capital Bank of Washington
Phone: 202-546-8000
Email: dglaser@ncbwash.com
SOURCE The National Capital Bank of Washington
