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These 2 Md. banks just wrapped up acquisitions

Sandy Spring Bank in Columbia, Md. (Sandy Spring Bank photo)

Sandy Spring Bank in Columbia, Md. (Sandy Spring Bank photo)

Two banks headquartered in Maryland completed acquisitions of other banks on Monday.

Sandy Spring Bancorp Inc., which is based in Olney, acquired WashingtonFirst Bankshares Inc. in a deal worth roughly $447 million. Sandy Spring expects WashingtonFirst bank’s systems to convert fully in the first quarter of this year.

The Community Financial Corp., the holding company for Community Bank of the Chesapeake, based in Waldorf, completed its acquisition of County First Bank. That deal was estimated to be worth about $34.3 million when it was announced in August.


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