Washington's Oldest Bank Elects Newest Directors

WASHINGTON, Aug. 23, 2016 /PRNewswire/ -- The National Capital Bank of Washington (NCB) has elected two industry leaders to its Board of Directors.  Grace L. Hinchman and Stephen L. Venti will help the Capitol Hill lender as it expands into new markets.

Grace Hinchman, a graduate of the University of Maryland, received her M.B.A. from George Washington University. She most recently served as Vice President of Government Affairs & External Relations of the Financial Accounting Standards Foundation. While there, she was instrumental in the passage of the Governmental Accounting Standards Board (GASB) amendment (Section 978) of the 2010 Dodd-Frank bill. Grace was formerly Executive Director of the American Academy of Actuaries, Senior Vice President of Financial Executives International and served as Executive Assistant to Senator Daniel Patrick Moynihan.

Steve Venti brings with him a wealth of experience in residential mortgage lending.  His background includes many years as a Director of Spillane Consulting Associates Inc., a firm specializing in consulting for residential mortgage banking clients.  He also served as Senior Vice President of Hanover Capital Partners as a specialist in secondary mortgage sales and advised the Resolution Trust Corporation in the liquidation of loan portfolios.  Mr. Venti is also a Director on the Board of The Cooperative Bank in Roslindale, Massachusetts.

"The National Capital Bank of Washington will benefit greatly from the addition of these two talented individuals," said Board Chair, Thomas A. Barnes.  "They bring the skills needed to grow our lending portfolio consistent with the safety and soundness for which we are known."

The National Capital Bank of Washington was founded in 1889 and is Washington's Oldest Bank.  NCB has assets of $408 million and is headquartered on Capitol Hill with a second branch located in Friendship Heights. The bank was recently recognized as the most profitable bank in Greater Washington and trades under the symbol NACB.  For more information about NCB, go to www.nationalcapitalbank.com

SOURCE The National Capital Bank of Washington

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https://www.nationalcapitalbank.com