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Stock impact report

Capital Bancorp, Inc. and Integrated Financial Holdings, Inc. Complete Merger

Capital Bancorp, Inc. (CBNK) 
Last capital bancorp, inc. earnings: 4/30 07:59 am Check Earnings Report
Company Research Source: GlobeNewswire
ROCKVILLE, Md. , Oct. 01, 2024 (GLOBE NEWSWIRE) -- Capital Bancorp, Inc. ("CBNK” or “Capital") (NASDAQ: CBNK) today announced the completion of its previously announced merger with Integrated Financial Holdings, Inc. (“IFHI”) (OTCQX: IFHI). At the effective time of the merger, IFHI merged with and into Capital, with Capital continuing as the surviving corporation. The transaction is expected to create a best-in-class nationwide leader in government guaranteed lending across both U.S. Department of Agriculture (“USDA”) and U.S. Small Business Administration (“SBA”) lending. The transaction will also create opportunities to scale Windsor Advantage, one of the nation’s largest SBA Lender Service Providers, which currently services approximately $2.5 billion in loans across SBA and USDA. Pursuant to the terms of the Merger Agreement, each holder of IFHI’s common stock, par value $1.00 per share (“IFHI Common Stock”) was converted into the right to receive (a) 1.115 shares of common s Show less Read more
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