Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 1, 2013, Capital Bank, N.A. (the "Bank"), the wholly-owned subsidiary of Capital Bancorp, Inc., entered into an employment agreement with Scot R. Browning pursuant to which he serves as President of the Bank. The employment agreement provides for an initial term of two years, which automatically renews for successive twelve-month terms unless a party notifies the other at least 30 days and not more than 90 days prior to the anniversary date of the agreement of its or his decision not to renew the employment agreement. On November 30, 2020, the Bank provided Mr. Browning with a notice of non-renewal. The Bank and Mr. Browning are negotiating a new employment agreement, which will be effective one day after the expiration of the employment agreement on December 31, 2020.

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