Congressman-Elect Delaney Leaves CapitalSource, Named to Banking Panel

Print
Email
Reprints
Comment
Twitter
LinkedIn
Facebook
Google+

CapitalSource (CSE) in Los Angeles said that John Delaney, who was elected to Congress last month, is stepping down as its chairman.

CapitalSource said Thursday that Delaney, who founded the $8.7 billion-asset commercial finance company in 2000, had resigned, effective immediately. William Bynes, a CapitalSource director, succeeded Delaney.

Separately, Rep. Nancy Pelosi, the Democratic leader, announced Thursday that Delaney will serve on the House Financial Services Committee in the 113th Congress.

Delaney said in a news release his areas of interest include helping to "stabilize the housing market and shape the future of housing finance" and working "to create a large scale public-private partnership funding enterprise to rebuild our nation's infrastructure."

Delaney, a political newcomer from Potomac, Md., took a leave of absence from CapitalSource to run for Congress. He is expected to be sworn in on Jan. 3.

JOIN THE DISCUSSION

SEE MORE IN

RELATED TAGS

No Toaster for You: Offbeat Promotions to Attract Deposits
As bankers anticipate a rise in interest rates, they're looking for ways to attract and hold on to depositors. Many institutions are simply offering cash, but others are making more creative pitches. Here's a look at some of the unconventional methods banks are using to lure deposits.

(Image: Fotolia)

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.