Bay Bank has closed its acquisition of Hopkins Federal Savings Bank. The deal cost Columbia-based Bay Bancorp Inc. (NASDAQ: BYBK) $23.9 million, or $98.75 per share, slightly more from the original deal announced in December. The deal gives Bay Bank total assets of $650 million and 12 branches in the Baltimore-Washington corridor. Bay Bank acquired two branches from Hopkins Federal Savings Bank in the Baltimore market, one in Pikesville and one in Highlandtown. Bay Bank said it will rebrand the…
from http://www.bizjournals.com/baltimore/news/2016/07/11/bay-bank-closes-23-9-million-acquisition-of.html?ana=RSS%26s=article_search
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