---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-014077"
form_type: "8-K"
ticker: "CBNK"
cik: "0001419536"
company_name: "Capital Bancorp Inc"
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T04:26:03.368566+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Capital Bancorp to acquire Integrated Financial Holdings for $5.36 cash + 1.115 shares per IFHI share

## Summary
- Per IFHI share: 1.115 Capital shares + $5.36 cash, subject to adjustment based on IFHI's tangible equity and credit sales.
- IFHI will distribute Dogwood State Bank shares as a pre-closing dividend to its shareholders.
- Directors and certain officers of IFHI entered voting agreements to support the merger; termination fee of $3 million under specified conditions.
- Merger requires shareholder and regulatory approvals; Capital shares to be listed on Nasdaq.
- IFHI options assumed by Capital and converted into economically equivalent options; unvested restricted shares fully vest at close.

## SEC filing metadata
- accession: 0001628280-24-014077
- form_type: 8-K
- ticker: CBNK
- cik: 0001419536
- company_name: Capital Bancorp Inc
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1419536/000162828024014077/0001628280-24-014077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1419536/000162828024014077/cbnk-20240327.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-014077
- JSON: https://secwatch.observer/filing/0001628280-24-014077.json
- Plain text: https://secwatch.observer/filing/0001628280-24-014077.txt

## Key facts
- Material Agreements
  Capital Bancorp Inc entered into Agreement and Plan of Merger and Reorganization with Integrated Financial Holdings, Inc. (effective 2024-03-27).
  - Action: entry
  - Agreement: merger
  - Counterparty: Integrated Financial Holdings, Inc.
  - Effective: 2024-03-27
  source text: On March 27, 2024, Capital Bancorp, Inc., a Maryland corporation (“Capital”), and Integrated Financial Holdings, Inc., a North Carolina corporation (“IFHI”), entered into an Agreement and Plan of Merger and Reorganization (the “Merger Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1419536/000162828024014077/0001628280-24-014077-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.