CFG Bank is undertaking the largest capital raise in its 14-year history to support its growing commercial loan portfolio. CFG, the largest bank headquartered in Greater Baltimore, is currently reaching out to private investors to secure $200 million to $250 million and expects to close the fundraising round by year-end. The bank is growing its reserves because it faces a problem many banks would love to have: too many loan opportunities, many coming from parent company Capital Funding Group Inc.’s national health care clients.
CFG Bank looks to raise up to $250M — its largest capital round so far
October 24, 2023