12:06 PM EDT, 09/05/2024 (MT Newswires) -- Capital Bancorp ( CBNK ) said Thursday that all required approvals have been received for its merger with Integrated Financial Holdings.

The Office of the Comptroller of the Currency has greenlighted Capital Bancorp's ( CBNK ) proposed acquisition of IFH, which was previously approved by the Federal Reserve Bank of Richmond and shareholders of both companies, the company said.

The merger, which remains subject to other customary closing conditions, is expected to be completed early in Q4, Capital Bancorp ( CBNK ) said.

The combined company will have roughly $3 billion in assets, the company said.

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