Capital Bancorp Inc. Agrees to Sell North Riverside, IL Branch

What Happened
Capital Bancorp, Inc. (the Company) reported on Form 8-K (Item 8.01) dated September 30, 2026 that its wholly owned bank subsidiary entered into a purchase and assumption agreement to sell the branch office in North Riverside, Illinois. The buyer will purchase the branch, certain loans and other assets attributed to the branch, and will assume certain deposits and liabilities. Luse Gorman, PC is serving as legal counsel. Consummation is subject to customary closing conditions and required regulatory approvals.

Key Details

• As of June 30, 2026, the North Riverside branch held approximately $123.9 million in deposits.
• Based on the branch deposit mix at June 30, 2026, the Company estimates a deposit premium of about $3.3 million if the transaction had closed on that date.
• The Bank will receive payment equal to the unpaid principal balance of loans transferred; parties will finalize which loans are included within 30 days of the agreement date.
• Closing remains subject to regulatory approvals and other customary conditions.

Why It Matters
The transaction will transfer a material pool of deposits and associated loans from the Bank, which can affect the Company’s deposit base, balance sheet composition and funding mix. The Company expects to receive a deposit premium (~$3.3M based on June 30 balances) and payment for loans transferred, but the timing and final economic impact depend on which assets are included and receipt of regulatory approvals. Investors should note the transaction is not final and is accompanied by customary regulatory and execution risks as disclosed in the filing.