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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 31, 1997
CAPITAL BANCORP
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(Exact name of registrant as specified in its charter)
Florida 2-26080 59-2160717
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1221 Brickell Avenue, Miami, Florida 33131
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (305) 536-1500
Not Applicable
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(Former name or former address, if changed since last reported)
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Item 5: OTHER EVENTS.
Attached hereto as Exhibit 20.1 is the press release regarding the
announcement by Capital Bancorp stating that it is in discussions with several
parties concerning a possible merger transaction.
Item 7: FINANCIAL STATEMENTS AND EXHIBITS
(a) Not Applicable
(b) Not Applicable
(c) Exhibits:
20.1 Press Release
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: August 7, 1997 CAPITAL BANCORP
BY: /s/ Lucious T. Harris
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Lucious T. Harris, Senior Vice
President and Treasurer
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EXHIBIT 20.1
IMMEDIATE RELEASE Contact: Lucious T. (Tim) Harris, Treasurer
- ----------------- Capital Bancorp
(305) 536-1677
Jean Woodcock
Rubin Barney & Birger
(305) 448-7450
CAPITAL BANCORP IN DISCUSSION WITH SEVERAL PARTIES
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MIAMI -- July 31, 1997 -- Capital Bancorp (Nasdaq: CBCP) said today
that it is in discussions with several parties concerning a possible merger
transaction. The Company said there can be no assurance as to whether or when
it would enter into any agreement with respect to such a transaction. The
Company also said that it would have no further comment on this subject pending
either the announcement of a transaction or the abandonment of all merger
discussions.
Miami-based Capital Bank, which has 28 South Florida offices, is a
wholly owned subsidiary of Capital Bancorp. The Bank had assets of
approximately $1.9 billion and deposits of approximately $1.2 billion as of
June 30, 1997. Capital Bank owns approximately 81 percent of Capital Factors
Holding, Inc., which is a specialized financial services company headquartered
in Boca Raton with offices in Los Angeles, New York City, Charlotte and
Atlanta. Capital Bancorp's Common Stock is traded on the Nasdaq National Market
under the symbol CBCP. Capital Factors Holding, Inc's Common Stock is traded
on the Nasdaq National Market under the symbol CAPF.
