CBNK /
IFH
Capital Bancorp to combine with IFH in bank merger
What happened
Capital Bancorp and IFH entered into a merger agreement on March 27, 2024. Capital Bancorp will be the surviving corporation, and the banks will also merge, with Capital Bank as the surviving bank.
IFH specializes in small business lending solutions. Its shareholders will receive 1.115 shares of CBNK common stock and $5.36 in cash for each share, subject to applicable adjustment.
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Capital Bancorp to combine with IFH in bank merger
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