ST. LOUIS-AREA BANK AND CAPITAL MERGE

The merger of the Bank of South County in St. Louis with Capital Bancorporation Inc., a multibank holding company headquartered at Cape Girardeau, has been completed.

Capital Bancorporation announced Thursday that the South County bank had been merged with a subsidiary of Capital Bancorporation, Capital Bank and Trust, with its principal office at 8182 Maryland Avenue in Clayton.

The Bank of South County, 9100 Gravois, will be operated as a branch of Capital Bank and Trust.

The merger has increased the presence of Capital Bancorporation in the St. Louis market to approximately $140 million.

With the acquisition, Capital Bancorporation has total assets of approximately $930 million, Capital Bancorporation said in announcing the merger.

The transaction was completed by an exchange of 432,346 shares of Capital Bancorporation common stock for the outstanding shares of Bank of South County.

Capital Bancorporation operates 31 banking facilities through six subsidiary banks in Missouri.