Farmers and Merchants Bancshares Inc. will buy Carroll Bancorp for $25 million, continuing a consolidation wave spurred by community banks facing rising costs of new technology and regulatory compliance. The all-cash deal values Carroll Bancorp’s stock at $21.63 per share. Upperco-based Farmers and Merchants, the parent of Farmers and Merchants Bank, and Eldersburg-based Carroll Bancorp, the parent of Carroll Community Bank, expect the transaction to close in the second half of the year, pending…
from https://www.bizjournals.com/baltimore/news/2020/03/06/farmers-and-merchants-bank-makes-25-million.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/611859617296891904
No comments:
Post a Comment