Pursuits
Capital Bank Financial Considers a Sale After Approach
- Bank said to work with advisers, reach out to potential buyers
- Firm was founded after financial crisis by ex-BofA executives
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Capital Bank Financial Corp. is working with advisers to explore a sale after receiving an unsolicited approach, people familiar with the matter said. Its shares jumped as much as 10 percent.
The lender, which has a market value of about $2 billion, has begun reaching out to potential buyers, the people said, asking not to be identified as the deliberations are private. The talks are at an early stage and no final decisions have been made. A representative for the Charlotte, North Carolina-based bank declined to comment.