News Topic: maryland

A company that operates mostly in rural markets is finally making a push into the thriving mid-Atlantic markets of Washington and Baltimore with its deal for Old Line Bancshares. ... Read full article

WesBanco, which is based in West Virginia, will have more than $15 billion in assets when it completes the acquisition. ... Read full article

The $60 million acquisition will allow ACNB, which is based in Pennsylvania, to enter a new market. ... Read full article

Theresa LaPlaca, one of four new directors at the company, ran an office Wells formed to address issues tied to its sales and reporting practices. ... Read full article

Many community banks have given up on national mortgage platforms as not worth the effort, but organizers of NXG Bank in Maryland say they have a plan to make one work. ... Read full article

Lori Bettinger is one of the organizers of NXG Bank, which has applied to open in Columbia, Md. ... Read full article

The Maryland company has hired interim CEO Susan Riel to officially take over the post. ... Read full article

Banks from the North and South are converging on the city, spurred by a spike in deposits and employment numbers that trump national averages. ... Read full article

Paul, one of American Banker's Community Bankers of the Year in 2012, made Eagle a formidable Washington-area institution. ... Read full article

McLean Mortgage is not going forward with a potential acquisition by Congressional Bank of Bethesda, Md., saying reaching an agreement that made sense for all parties wasn't possible. ... Read full article

Bankers are eager to expand there through M&A, de novos or other means, encouraged by strong employment and disruption created by recent consolidation. ... Read full article

Credit union and bank executives say the federal work stoppage hasn’t hit business lines yet, but that could change if things drag on much longer. ... Read full article

The sale should increase Shore's capital levels and allow it to expand its banking activities. ... Read full article

In a rare move, Maryland Financial is voluntarily liquidating after its customer base shrank and efforts to sell itself failed. ... Read full article

Virginia Partners will operate as a separate bank unit after the deal closes. ... Read full article

Orrstown will pay $59 million in cash and stock to gain seven branches and $409 million in deposits. ... Read full article

The bank's public offering comes three years after it raised $16 million in a private placement. ... Read full article

The company and certain investors plan to sell $35 million in stock through the proposed offering. ... Read full article