CAPE SUBSIDIARY, ST. LOUIS-AREA BANK APPROVE MERGER

The shareholders of the Bank of South County in St. Louis on Tuesday approved a merger of the bank with a subsidiary of Capital Bancorporation Inc., a multibank holding company headquartered in Cape Girardeau.

The merger will increase the presence of Capital Bancorporation in the St. Louis market. When combined with Capital's affiliate, Capital Bank & Trust Co. of Clayton, total assets of the resulting bank will be approximately $140 million.

With the acquisition, Capital Bancorporation will have consolidated total assets of approximately $930 million, Capital said in announcing the merger. Required regulatory approvals have been received. The acquisition is expected to be closed Aug. 31.

Capital Bancorporation operates 29 banking facilities through six subsidiary banks in Missouri.