Capital Bancorp, Inc. Completes Operational Conversion of Integrated Financial Holdings, Inc.

Core Viewpoint - Capital Bancorp, Inc. has successfully completed the integration of Integrated Financial Holdings, Inc. into its operations, enhancing service offerings for customers [1][3]. Group 1: Conversion and Integration - The conversion of Integrated Financial Holdings, Inc. into Capital Bancorp's systems was finalized between February 21 and February 24, 2025 [3]. - Customers of IFH, including those from the North Riverside, IL branch, now have access to a broader range of Capital Bancorp products and services, as well as the ability to bank at any CBNK location, through digital banking or ATMs [3]. - Ongoing communications were maintained with customers since the merger announcement on October 1, 2024, to ensure a smooth transition [4]. Group 2: Merger Details - West Town Bank & Trust and Windsor Advantage were previously subsidiaries of IFH, with West Town Bank merging into Capital Bank, N.A. and Windsor Advantage becoming a subsidiary of Capital Bancorp [2]. - A new branch is anticipated to open in Raleigh, NC on March 3, 2025, as part of the expansion following the merger [3]. Group 3: Company Overview - Capital Bancorp, Inc. is a registered bank holding company based in Rockville, Maryland, with assets of approximately $3.2 billion as of December 31, 2024 [5]. - The company operates bank branches in six locations, including Washington D.C., Reston, VA, Ft. Lauderdale, FL, Rockville, MD, Columbia, MD, and North Riverside, IL [5].