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 (CBNK) Acquires Integrated Financial Holdings (IFHI) in Cash and Stock Deal

March 28, 2024 6:46 AM EDT

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 shareholders will, subject to certain adjustments, receive $5.36 in cash and 1.115 shares of CBNK common stock for each share of IFH common stock. Based on the... More