Capital Bancorp and Integrated Financial Holdings receive all regulatory approvals for merger

Capital Bancorp Inc

Received OCC approval on September 4, 2024, and previously Federal Reserve Board approval for the merger.
Shareholders of both Capital Bancorp and Integrated Financial Holdings approved the merger on August 15, 2024.
Merger expected to close early in Q4 2024, subject to customary closing conditions.
Pro forma combined company expects approximately $3.0 billion in assets and 70% net income from commercial banking.
CEO Ed Barry stated the acquisition will add immediate scale in USDA and SBA lending verticals.

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