March 28 (Reuters) - Capital Bancorp Inc ( CBNK ):
* CAPITAL BANCORP, INC. ( CBNK ) ANNOUNCES ACQUISITION OF INTEGRATED
FINANCIAL HOLDINGS, INC.
* CAPITAL BANCORP ( CBNK ) - ENTERED INTO DEFINITIVE MERGER
AGREEMENT
UNDER WHICH CO WILL ACQUIRE IFH IN A CASH AND STOCK TRANSACTION
VALUED AT $66 MILLION
* CAPITAL BANCORP ( CBNK ) - IFH SHAREHOLDERS WILL, RECEIVE $5.36 IN
CASH
AND 1.115 SHARES OF CBNK COMMON STOCK FOR EACH SHARE OF IFH
COMMON STOCK
* CAPITAL BANCORP ( CBNK ) - AT DEAL CLOSING, CAPITAL SHAREHOLDERS
WILL OWN
ABOUT 84% & IFH SHAREHOLDERS WILL OWN APPROXIMATELY 16% OF
COMBINED COMPANY
Source text for Eikon:
Further company coverage: