Brief: Capital Bancorp Announces Acquisition Of Integrated Financial Holdings

Capital Bancorp

28/03/2024 10:31

March 28 (Reuters) - Capital Bancorp Inc  CBNK.O :
    * CAPITAL BANCORP, INC. ANNOUNCES ACQUISITION OF INTEGRATED
FINANCIAL HOLDINGS, INC.
    * CAPITAL BANCORP - ENTERED INTO  DEFINITIVE MERGER
AGREEMENT
UNDER WHICH CO WILL ACQUIRE IFH IN A CASH AND STOCK TRANSACTION
VALUED AT $66 MILLION
    * CAPITAL BANCORP -  IFH SHAREHOLDERS WILL, RECEIVE $5.36 IN
CASH
AND 1.115 SHARES OF CBNK COMMON STOCK FOR EACH SHARE OF IFH
COMMON STOCK
    * CAPITAL BANCORP - AT DEAL CLOSING, CAPITAL SHAREHOLDERS
WILL OWN
ABOUT 84% & IFH SHAREHOLDERS WILL OWN APPROXIMATELY 16% OF
COMBINED COMPANY

Source text for Eikon:  ID:n0001628280-24-013438 
Further company coverage:  CBNK.O 

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