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
SOURCE The National Capital Bank of Washington