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Announced

Capital Bancorp to acquire Integrated Financial Holdings for $66m.

Synopsis

Capital Bancorp, a registered bank holding company, agreed to acquire Integrated Financial Holdings, financial holding company, for $66m. “We are excited for this partnership with Capital and for the benefits that it brings to both banks. With a larger balance sheet and our combined lending and deposit-gathering capabilities we believe that we can secure and grow our position as a leader in nationwide government guaranteed lending,” Marc McConnell, IFH Chairman, President and CEO.

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