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

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.

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