John Delaney (Maryland politician)
John Kevin Delaney (born April 16, 1963) is an American politician, businessman, and former attorney who was the United States representative for Maryland's 6th congressional district from 2013 to 2019.[1] He was a candidate in the 2020 Democratic presidential primaries.
For other people named John Delaney, see John Delaney (disambiguation).
John Delaney
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On July 28, 2017, Delaney became the first Democrat to announce his run for president in 2020.[2] Delaney did not run for re-election to Congress in 2018, choosing to focus on his presidential campaign. In November 2018, fellow Democrat David Trone was elected to succeed Delaney in Congress, and subsequently endorsed him for President in 2020. Delaney suspended his campaign on January 31, 2020, citing low poll numbers and wanting to avoid pulling support from other candidates.[3][4] He later endorsed Joe Biden for president.
Early life and education[edit]
Delaney grew up in Wood-Ridge, New Jersey, the son of Elaine (Rowe), and Jack Delaney, an electrician. He is the nephew of former Aetna CEO John Rowe.[5] He is of three quarters Irish and one quarter English descent.[6][7] Delaney spent part of his youth working at his father's construction sites.[8]
Delaney graduated from Bergen Catholic High School.[9] Scholarships from his father's labor union (IBEW Local 164) as well as the American Legion, VFW, and the Lions Club helped Delaney attend college; he earned a B.A. degree from Columbia University in 1985, and a J.D. degree from Georgetown University Law Center in 1988.[10][11][12]
Business career[edit]
Delaney co-founded two companies that were publicly traded on the New York Stock Exchange. He won the Ernst & Young Entrepreneur of the Year Award in 2004.[13]
In 1993, Delaney co-founded Health Care Financial Partners (HCFP), to make loans available to smaller-sized health care service providers said to be ignored by larger banks.[14] HCFP went public in 1996, and its stock began trading on the New York Stock Exchange in 1998.[15] Health Care Financial Partners was acquired by Heller Financial in 1999.[16]
In 2000, Delaney co-founded CapitalSource, a commercial lender headquartered in Chevy Chase, Maryland; the company provided capital to roughly 5,000 small and mid-size businesses before his departure.[17] In 2010, while Delaney was CEO, CapitalSource was awarded a Bank Enterprise Award from the Community Development Financial Institutions Fund by the U.S. Treasury Department for its investment in low-income and economically distressed communities.[18] In 2005, CapitalSource was named one of Washingtonian magazine's best places to work for its company culture and employee benefits.[19]
CapitalSource continued to be publicly traded on the NYSE after Delaney's election, making him the only former CEO of a publicly traded company to serve in the 113th United States Congress.[20] In 2014, the lender merged with PacWest Bancorp.[21]
