Stephens Upgrades Capital Bancorp (CBNK) to Overweight, 'Strategically and Financially Compelling Deal'

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Go back to Stephens Upgrades Capital Bancorp (CBNK) to Overweight, 'Strategically and Financially Compelling Deal'

Capital Bancorp, Inc. Announces Acquisition of Integrated Financial Holdings, Inc.

March 28, 2024 6:45 AM EDT

Further Diversifies CBNK with a Niche C&I Business that is Capital Efficient, High-Return and Generates Meaningful Fee Income

ROCKVILLE, Md., March 28, 2024 (GLOBE NEWSWIRE) -- Capital Bancorp, Inc. ("CBNK or Capital") (NASDAQ: CBNK) and Integrated Financial Holdings, Inc. (IFH) (OTCQX: IFHI) today announced that they have entered into a definitive merger agreement under which CBNK will acquire IFH in a cash and stock transaction valued at $66 million, exclusive of the value of a dividend to be received by IFH shareholders at or immediately prior to closing.

Under the terms of the merger agreement, IFH... More