This merger allows Hamilton Bank to expand further in Baltimore County, a strategic market for the Bank, extending our personal approach to financial services to the Rosedale community
TOWSON, Md. (PRWEB) September 14, 2015
Hamilton Bancorp, Inc. (NASDAQ: HBK) and its subsidiary, Hamilton Bank (collectively, “Hamilton”), today announced the completion of its merger with Fairmount Bancorp, Inc. (OTC Pink: FMTB) and its subsidiary, Fairmount Bank (collectively “Fairmount”), effective Sept. 11, 2015.
As a result of the merger, Hamilton will acquire approximately $75 million in assets, $53 million in loans and $53 million in deposits. Hamilton will increase its branch network by one to total five locations in Greater Baltimore.
“This merger allows Hamilton Bank to expand further in Baltimore County, a strategic market for the Bank, extending our personal approach to financial services to the Rosedale community,” said Robert DeAlmeida, President and CEO of Hamilton. “Hamilton continues to execute its strategic plan through organic growth as well as acquisitions and mergers. We look forward to welcoming Fairmount’s employees and customers to Hamilton Bank.”
Keefe, Bruyette & Woods, Inc. acted as financial advisor to Hamilton throughout the transaction and Luse Gorman, PC acted as its legal counsel.
Hamilton will host a family-oriented grand opening event at the newly added Rosedale branch on Saturday, Oct. 24, 2015 for Rosedale customers and the surrounding community. Taking place from 10 a.m. to 2 p.m., the event is open to the public and will partner with local service organizations, businesses and media personalities to provide free food, entertainment, treats and prizes.
Please direct all media and event inquiries to Rob Weinhold at 410-420-2001 or by email at rob(at)fallstongroup.com. Please direct investor inquiries for Hamilton Bancorp to Robert DeAlmeida at 410-823-4510.
About Hamilton Bank
Founded in 1915, Hamilton Bank is a community bank with $285.4 million in assets and $44.8 million in regulatory capital. The bank employs more than 50 people and operates five branch locations across Greater Baltimore Metropolitan Area, serving the communities of Cockeysville, Pasadena, Rosedale, Towson and Baltimore in Maryland. Whether online or on the corner, Hamilton Bank is a community bank that cares about its customers. Together. Let’s Grow. http://www.hamilton-bank.com.
Member FDIC and Equal Housing Lender
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