Capital Funding Bancorp Completes $160 Million Capital Raise

Capital Funding Bancorp, Inc., the holding company for CFG Bank, a top-performing Baltimore-based bank that provides nationwide financing and banking solutions to the healthcare and multifamily industries, today announced the completion of a $160 million capital raise. The capital infusion comprises the previously announced $125 million equity investment from J.C. Flowers & Co. LLC on December 19, 2023, and a $35 million preferred equity investment through a private placement on December 29, 2023. The J.C. Flowers & Co. LLC investment can increase up to $165 million, which would bring the total capital contribution up to $200 million over the next five years.

The combined transactions meet the Company’s growth capital target and complete its capital raise. At the end of 2023, CFG Bank’s total equity capital exceeded $500 million.

About CFG Bank

CFG Bank, headquartered in Baltimore, Maryland, provides flexible financing and online banking solutions to the national healthcare and multifamily markets and the Mid-Atlantic region. CFG Bank is the 6th largest bank in the Baltimore area based on deposits and the largest that is based in Baltimore. CFG Bank has grown from $1 billion in assets at the end of 2019 to over $5 billion in assets at the end of 2023 and is among the five largest and most experienced healthcare bridge-to-HUD lenders in the country, serving its clients and helping them grow for over 30 years. CFG Bank transforms the banking experience by delivering big bank capabilities and expertise, coupled with relationship-driven boutique bank service. CFG Bank has branches in Lutherville and Baltimore City, and a cashless branch in Annapolis. For more information, visit, and follow CFG Bank on LinkedInFacebookInstagram and Twitter.