Investor rights law firm Halper Sadeh LLC is investigating whether Capital Bancorp, Inc. obtained a fair price in its proposed merger with Peoples Bancorp Inc., where Capital shareholders would receive 1.11 shares of Peoples stock per share and own approximately 32% of the combined entity. The investigation examines potential breaches of fiduciary duties, fairness of the sales process, and adequacy of disclosures.

Capital Bancorp shares rallied 10.3% after Peoples Bancorp announced an agreement to acquire the company in an all-stock transaction valued at approximately $728.1 million. CBNK shareholders will receive 1.11 Peoples shares for each Capital Bancorp share, implying a value of $43.75 per share, representing a significant premium to the previous closing price of $35.65. The merger is expected to create a larger financial-services franchise with roughly $14 billion in assets and expanded Mid-Atlantic presence.

Capital Bank, N.A. announced the appointment of James 'Jay' Como III as Chief Operating Officer. Como brings over two decades of financial services leadership experience, most recently from T. Rowe Price where he led global data governance and AI initiatives. He will focus on modernizing operations, strengthening coordination, and leveraging data, automation, and AI across the organization.

Capital Bank, N.A. announced the appointment of Don Busick to its board of directors. Busick brings 22 years of experience from Capital One, where he led digital transformation initiatives and managed a 5,000+ person team. At Capital Bank, he will provide strategic guidance on modernizing digital capabilities across commercial banking, mortgage, and specialty businesses.

Capital Bancorp renewed CEO Ed Barry's employment agreement through December 2027 and restructured its executive leadership. Steve Poynot, currently President and COO, was elevated to CEO of Capital Bank, N.A., to focus on the commercial banking franchise while the parent company pursues diversification. The changes aim to support the company's long-term vision as a diversified financial services enterprise with $3.4 billion in assets.

Capital Bank has launched a new digital banking platform in partnership with Q2, a leader in digital transformation for financial services. The platform aims to enhance efficiency and meet the demands of today's business environment, providing advanced digital treasury management capabilities and scalability for expansion.

Capital Bancorp announced the expansion of its Commercial Banking operations in Delaware with the addition of several experienced relationship managers. This strategic move is part of the bank's broader effort to strengthen its Commercial Banking footprint across the Mid-Atlantic region.

Capital Bank has appointed Dominic C. Canuso, CFA, as its new Chief Financial Officer. Canuso brings extensive experience in finance and operations, having previously served as EVP and CFO at WSFS Bank and in various roles at Barclays Bank, Advanta Bank, and Arthur Andersen Consulting.

Capital Bank, N.A., a leading provider of financial services in the greater Washington, D.C. metropolitan area, is thrilled to announce the relocation and

Capital Bank (NASDAQ: CBNK), is proud to announce the appointment of Jim Witty as Senior Vice President - Director of Contractor Banking.

TORONTO, May 03, 2024 (GLOBE NEWSWIRE) -- (TSX: CBNK) Mulvihill Canadian Bank Enhanced Yield ETF has declared a monthly cash distribution in the amount of $0.058333 per unit, payable on June 7, 2024 to unitholders of record on May 31, 2024.

Capital Bank (NASDAQ: CBNK) is pleased to announce Todd Warren as the new SVP and Market Executive for the Greater Chesapeake and Baltimore region.