People's Bancorp to acquire Capital Bancorp in $499M deal
People's Bancorp announced an agreement to acquire Capital Bancorp in a stock-for-stock merger worth approximately $499 million. The deal, pending regulatory approvals, is intended to enhance People's Bancorp's presence in the Maryland market.
AI-generated summary for informational purposes only. Always verify against the original filing. Not investment advice. BriefTape is not a registered investment adviser.
Get real-time financial news in your trading bot or app
START FREE — 10,000 calls/day, no key needed