secwatch.observer — SEC 8-K summary
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Issuer:     Capital Bancorp Inc (CBNK)
CIK:        0001419536
Form:       8-K
Filed at:   2024-10-01T23:59:59+00:00
Accession:  0001140361-24-042414
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Capital Bancorp completes acquisition of Integrated Financial Holdings; pro forma assets ~$3B
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- Merger consideration: 1.115 CBNK shares + $5.36 cash per IFHI share.
- Pro forma assets ~$3B, ~70% net income from commercial banking, ~38% loan portfolio C&I/owner-occupied CRE.
- Windsor Advantage services ~$2.5B in SBA/USDA loans; Mike Breckheimer remains as head.
- Marc McConnell appointed to board; Riddick Skinner and Melissa Marsal join as heads of govt lending and ops.
- ~20% of pro forma revenue from fees; transaction expected to create nationwide govt guaranteed lending leader.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419536/000114036124042414/0001140361-24-042414-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419536/000114036124042414/ef20036433_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-042414

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer