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Hamilton Bank to be sold to Pennsylvania bank for $58.5M
Towson-based Hamilton Bank is being sold to Orrstown Financial Services of south central Pennsylvania for $58.5 million in stock and cash, officials announced Tuesday afternoon. The combined company is expected to have about $2.5 billion in assets, $1.7 billion in loans and $2.1 billion in deposits. The agreement has been unanimously approved by the boards […]
Cybersecurity efforts continue to grow for banks
At Hamilton Bank, a Towson-based financial institution with seven branches, cybersecurity used to be one employee’s part-time job a few years ago and an outside security company would come in every three years for a couple of days to check the security systems. Today, the security team includes three well-trained employees, and that outside company […]
Community banks use technology to hang with national competition
Small and community banks can use technology to their advantage as they compete with each other and larger banks.
Community banks feel the pressure of big bank regulations
Right up front, Howard Bank CEO Mary Ann Scully is clear about one thing: She thinks banking should be a regulated industry. But since the recession, Scully has been feeling the regulatory pressures suited for big banks mounting on small community banks like hers. In general, Scully has seen an uptick in financial institution letters […]
Hamilton Bank announces 13 percent revenue growth in 2Q
The acquisition of Fairmount Bancorp at the end of Hamilton Bank’s second quarter grew the community bank’s total assets to $363.9 million as of Sept. 30, growing its assets by 25 percent since March 31, the company announced this week. Hamilton reported a net loss of $201,000, or $0.06 per common share, for the quarter […]
Revere Bank to acquire BlueRidge Bank
Revere Bank has entered an agreement to buy BlueRidge Bank that will bring the bank’s value to $1 billion in assets. Revere, which currently has five locations, will take over BlueRidge’s Frederick and Baltimore branches, the banks announced Monday. As of June 30, BlueRidge had approximately $205 million in assets, $175 million in gross loans […]
Hamilton Bancorp seeks to acquire Fraternity Community
Hamilton Bancorp, Inc. and Fraternity Community Bancorp, Inc. have agreed to merge, the banks jointly announced today. Under the terms of the merger agreement, Fraternity Community Bancorp, Inc. and its subsidiary Fraternity Federal Savings and Loan Association will merge into Hamilton Bancorp, Inc. and its subsidiary Hamilton Bank in a cash transaction valued at $19.25 […]
Hamilton Bancorp merging with Fairmount
Hamilton Bancorp Inc. and its subsidiary, Hamilton Bank, are merging with Fairmount Bancorp Inc. and its subsidiary, Fairmount Bank. Hamilton received the required regulatory approval for the merger on Thursday. Hamilton will acquire approximately $75 million in assets, $53 million in loans and $53 million in deposits, and will increase its branch network by one. […]
Hamilton Bancorp posts third-quarter profit
The parent company of Hamilton Bank posted a net loss of $173,000 for the nine months ending Dec. 31 -- an improvement from the same period the previous year.
