Message from the Founder and Executive Chairman

John K. Delaney
Founder, Executive Chairman and Chairman of the Board

CapitalSource, in our ninth year as a business, is in the midst of a strategic transformation. The company isn’t changing as much as we are evolving. We are evolving to a commercial banking model. The formation of CapitalSource Bank and the commencement of its operations in July 2008 was an important and defining step for our franchise. Establishing CapitalSource Bank marks the realization of a strategy that we’ve been working towards for quite some time, which is to pair our market leading commercial lending business with a depository of significant scale.

While we are writing a new chapter, our evolution won’t change the fact that we are a leading middle-market commercial lender in the United States. Nor will it change our focus on asset quality, credit performance, or managing the business to achieve high returns on equity.

We are growing our commercial lending business at CapitalSource Bank, in sectors we know well. We target specific industries where we have deep expertise and strive to achieve a diverse and balanced portfolio anchored in defensive sectors, particularly healthcare.

We view ourselves as an important source of credit to credit-starved, middle-market businesses which are the backbone of our economy. We want clients to think of CapitalSource first because we are highly skilled experts and squarely focused on serving their needs. This isn’t aspirational. Discipline, collaboration, and accountability have defined our culture since inception.

We decided from the very beginning of our company that we couldn’t control business cycles, but we could control our reactions to them. We have evolved and will continue to do so. It is a privilege to lead CapitalSource.

Header photo credit: ( c ) 2008, The Washington Post. Photograph by Nikki Kahn. Reprinted with Permission.