Shore United Bank is acquiring three local branches from Northwest Bank, marking the Eastern Shore bank’s initial entry into the Baltimore market. The deal includes $214 million in deposits, $152 million of performing loans and $40 million of cash from Northwest Bank. Shore United Bank, a subsidiary of Easton-based Shore Bancshares Inc. (NASDAQ: SHBI), will pay an 8 percent premium on the deposits being transferred. The three Northwest Bank branches are in Elkridge, Owings Mills and Arbutus. The…
from http://www.bizjournals.com/baltimore/news/2017/01/10/shore-united-bank-entering-baltimore-area-with.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/155690358492
No comments:
Post a Comment