Capital Bancorp unit to sell North Riverside, Illinois branch with $123.9M in deposits

Capital Bancorp Inc

Capital Bank, N.A. entered a purchase and assumption agreement on Sept. 29, 2026 to sell its North Riverside, Illinois branch to another financial institution.
Approximately $123.9 million of deposits were held at the branch as of June 30, 2026; the Bank would have received a deposit premium of about $3.3 million at that date.
The buyer will purchase certain loans and assume certain deposits and liabilities; the Bank will receive payment equal to the unpaid principal balance of transferred loans.
The transaction is subject to customary closing conditions, including required regulatory approvals; Luse Gorman, PC is serving as legal counsel to the Bank.

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