Revere closes BlueRidge deal, creating 7th-largest Maryland-based bank

Revere Bank has closed its acquisition of BlueRidge Bank, creating a larger player in both the Baltimore and larger Maryland markets. Laurel-based Revere closed the acquisition after shareholders and regulators gave approvals, it said Wednesday evening. The completion comes months after the banks struck a $20 million stock deal announced in October. It creates a bank with about $1.1 billion in assets. Revere said that’s enough to make it the seventh-largest bank based in Maryland. BlueRidge was…

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