{"id":816856,"date":"2025-02-24T10:48:34","date_gmt":"2025-02-24T15:48:34","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/capital-bancorp-inc-completes-operational-conversion-of-integrated-financial-holdings-inc\/"},"modified":"2025-02-24T10:48:34","modified_gmt":"2025-02-24T15:48:34","slug":"capital-bancorp-inc-completes-operational-conversion-of-integrated-financial-holdings-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/capital-bancorp-inc-completes-operational-conversion-of-integrated-financial-holdings-inc\/","title":{"rendered":"Capital Bancorp, Inc. Completes Operational Conversion\u00a0of Integrated Financial Holdings, Inc."},"content":{"rendered":"
\n

ROCKVILLE, Md., Feb. 24, 2025 (GLOBE NEWSWIRE) — Capital Bancorp, Inc. (\u201cCBNK\u201d) announced that it had completed the conversion of Integrated Financial Holdings, Inc. (\u201cIFH\u201d) into its operations and systems. This conversion integrates IFH customer accounts into CBNK\u2019s products and services.<\/p>\n

West Town Bank & Trust and Windsor Advantage previously operated as subsidiaries of IFH. In connection with the merger completed on October 1, 2024, West Town Bank & Trust merged with and into Capital Bank, N.A. and Windsor Advantage became a subsidiary of Capital Bancorp, Inc.<\/p>\n

“While Capital and IFH have already been effectively operating as one company, this conversion marks a major milestone,<\/em>” said Ed Barry, Chief Executive Officer of CBNK. “Now that the conversion is complete, we are well positioned to better serve our customers and continue to execute on the meaningful synergies that we expect to accrue in the merger.<\/em>\u201d<\/p>\n

CBNK completed the conversion between the close of business on February 21st<\/sup> and reopening on February 24th<\/sup>. IFH customers \u2013 including customers of its North Riverside, IL branch \u2013 now have access to a wide selection of CBNK products and services. In addition, they can bank at any CBNK location, through digital banking or ATM. In connection with the merger, CBNK also anticipates opening a branch in Raleigh, NC on March 3, 2025.<\/p>\n

Information about the conversion and transition to CBNK was mailed to these customers on October 1, 2024. Since then, we have maintained ongoing communications to support a smooth transition.<\/p>\n

\n ABOUT\u00a0CAPITAL BANCORP, INC.<\/strong>\n <\/p>\n

Capital Bancorp, Inc.,\u00a0Rockville, Maryland\u00a0is a registered bank holding company incorporated under the laws of\u00a0Maryland.\u00a0Capital Bancorp\u00a0has been providing financial services since 1999 and now operates bank branches in six locations including Washington D.C., Reston, VA, Ft. Lauderdale, FL, Rockville, MD, Columbia, MD and N. Riverside, IL. Capital Bancorp\u00a0had assets of approximately\u00a0$3.2 billion\u00a0at\u00a0December 31, 2024\u00a0and its common stock is traded in the NASDAQ Global Market under the symbol \u201cCBNK.\u201d More information can be found at the Company’s website\u00a0www.CapitalBankMD.com<\/a>\u00a0under its Investor Relations page.<\/p>\n

Capital Bank, N.A.
Media Contact:
Bryon Stevens
Investor Relations
Email: bstevens@capitalbankmd.com<\/a><\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

ROCKVILLE, Md., Feb. 24, 2025 (GLOBE NEWSWIRE) — Capital Bancorp, Inc. (\u201cCBNK\u201d) announced that it had completed the conversion of Integrated Financial Holdings, Inc. (\u201cIFH\u201d) into its operations and systems. This conversion integrates IFH customer accounts into CBNK\u2019s products and services. West Town Bank & Trust and Windsor Advantage previously operated as subsidiaries of IFH. In connection with the merger completed on October 1, 2024, West Town Bank & Trust merged with and into Capital Bank, N.A. and Windsor Advantage became a subsidiary of Capital Bancorp, Inc. “While Capital and IFH have already been effectively operating as one company, this conversion marks a major milestone,” said Ed Barry, Chief Executive Officer of CBNK. “Now that the conversion is complete, we … <\/p>\n

Continue reading “Capital Bancorp, Inc. Completes Operational Conversion\u00a0of Integrated Financial Holdings, Inc.”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-816856","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCapital Bancorp, Inc. 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