Capital Funding Bancorp, Inc. Completes $160 Million Capital Raise

Jan 11, 2024•almost 2 years ago

Amount Raised

$160 Million

BaltimoreBanking

Investors

J.C. Flowers & Co. Llc

Description

Capital Funding Bancorp, Inc announced the completion of a $160 million capital raise, comprising a $125 million equity investment from J.C. Flowers & Co. LLC and a $35 million preferred equity investment through a private placement.

Company Information

Company

Capital Funding Bancorp

Location

Baltimore, Maryland, United States

About

CFG Bank, headquartered in Baltimore, Maryland, provides flexible financing and online banking solutions to the national healthcare and multifamily markets and the Mid-Atlantic region. CFG Bank is the 6th largest bank in the Baltimore area based on deposits and the largest that is based in Baltimore. CFG Bank has grown from $1 billion in assets at the end of 2019 to over $5 billion in assets at the end of 2023 and is among the five largest and most experienced healthcare bridge-to-HUD lenders in the country, serving its clients and helping them grow for over 30 years. CFG Bank transforms the banking experience by delivering big bank capabilities and expertise, coupled with relationship-driven boutique bank service. CFG Bank has branches in Lutherville and Baltimore City, and a cashless branch in Annapolis.

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