CBNK

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.