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Capital Crossing Bank
Ticker Symbol: CAPX* CUSIP: 140071101 Exchange: NNM
* NOTE: This security is no longer trading as of 1/25/2007
Company's Online Profile
BUSINESS: Capital Crossing Bank is a Massachusetts chartered, FDIC insured commerical bank headquartered in Boston, MA with two offices.
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Notes: On September 19, 2006, Capital Crossing announced that it had signed a definitive merger agreement whereby Capital Crossing would be acquired by Lehman Brothers Bank, FSB, a subsidiary of Lehman Brothers (NYSE: LEH), a global investment bank. Under the terms of the agreement, Lehman Brothers will pay $30.00 per share in cash in exchange for each outstanding share of Capital Crossing. The acquisition is subject to customary closing conditions and regulatory approvals. These approvals include the approval of the Office of Thrift Supervision (OTS), the Federal Deposit Insurance Corporation (FDIC), the Massachusetts Commissioner of Banks and the Board of Governors of the Federal Reserve System. The merger is also subject to a determination from the Board of Governors of the Federal Reserve System that the requirements under the Bank Holding Company Act of 1956, as amended, do not apply to Lehman Bank by virtue of its momentary ownership of Capital Crossing as a stand-alone bank prior to its merger into Lehman Bank. In November 2006, the Board of Governors of the Federal Reserve System determined that the requirements under the Bank Holding Company Act do not apply to Lehman Bank in the case of this transaction. In January 2007, Lehman Bank received the necessary approvals from the OTS and the FDIC. On January 22, 2007, a public hearing was held before the Massachusetts Board of Bank Incorporation pursuant to notice duly given. On January 23, 2007, Capital Crossing received the requisite shareholder approval to consummate the merger. Pursuant to the merger agreement, following approval of the transaction by the Massachusetts Commissioner of Banks and the Massachusetts Board of Bank Incorporation, the acquisition is expected to be completed within two business days.
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Previous Ticker Symbol: ATLB
Previous Name: Atlantic Bank and Trust Co.
Micro Cap Stock -
Market Value $85.2 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's SEC EDGAR Filings |
None Found |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 101 Summer Street, Boston, MA 02110 |
| Main Phone Number |
617-880-1000 |
| Fax Number |
617-880-1010 |
| Investor Contact (CEO)
Nicholas W. Lazares
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617-880-1000
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Toll Free Phone Number |
Unknown |
| CEO - Nicholas W. Lazares |
CFO - John L. Champion |
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