Capital Bancorp, Inc. (CBNK or Capital) and Integrated Financial Holdings, Inc. (IFH) announced that they have entered into a definitive merger agreement under which CBNK will acquire IFH in a cash and stock transaction valued at $66 million, exclusive of the value of a dividend to be received by IFH shareholders at or immediately prior to closing. Upon closing of the transaction, Marc McConnell, Chairman, President and CEO of IFH, will join the board of directors of Capital Bancorp, Inc.
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- Capital Bancorp, Inc. Appoints Marc McConnell as Board of Director