Capital City Bank to acquire remaining 49% of Capital City Home Loans effective Jan 1, 2025

CAPITAL CITY BANK GROUP INC

Bank to buy 49% membership interest from BMGBMG, LLC via put option exercise; price based on Dec 31, 2024 capital accounts (not yet set).
Transfer effective Jan 1, 2025; Bank already consolidates CCHL as 51% owner since 2020.
CCHL operates 27 mortgage banking offices in the Southeast, offering FHA/VA/conventional loans.
Put option was initiated by BMG in December 2023; Assignment signed November 15, 2024.

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