Chairman’s son named to Capital Bank board
William Carter Keller of Sanford has been appointed to a seat on the board of both Raleigh-based Capital Bank (Nasdaq: CBKN) and the bank’s holding company, Capital announced in a U.S. Securities and Exchange Commission filing.
He is the son of current board chairman O. A. Keller III.
The bank says William Keller will serve as a class I director with his position as a holding company director expiring on the date of the bank’s next shareholder’s meeting guaranteed payday loans. His spot on the bank board will expire at the time of a director’s meeting in October 2010.
“The election of Mr. Keller was not pursuant to any arrangement or understanding between Mr. Keller and any third party,†the bank says in the filing, adding that Keller won’t be serving on any board committees.
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