J.C. Flowers Makes $125M Equity Investment in Capital Funding Bancorp (CFG Bank)
December 20, 2023
J.C. Flowers & Co. has completed a $125 million all-primary equity investment (expandable to $165 million) for a minority stake in Capital Funding Bancorp, Inc., the holding company for Baltimore-based CFG Bank. The growth-capital investment will support CFG Bank’s expansion of its national healthcare and multifamily lending businesses and bolster the bank’s ongoing growth trajectory.
- Buyers
- J.C. Flowers & Co. LLC
- Targets
- Capital Funding Bancorp, Inc. (CFG Bank)
- Industry
- Financial Services
- Location
- Maryland, United States
- Transaction Type
- Growth capital
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