The merger allows Hamilton to expand its product offerings into Howard County and increase its presence in Baltimore.
Towson, MD (PRWEB) May 16, 2016
Hamilton Bancorp, Inc. (NASDAQ: HBK) and its subsidiary, Hamilton Bank (collectively, “Hamilton”), today announced it has completed its merger with Fraternity Community Bancorp (OTC Pink: FRTR) and its subsidiary, Fraternity Federal Savings and Loan Association (collectively “Fraternity”) effective May 13, 2016.
“The merger allows Hamilton to expand its product offerings into Howard County and increase its presence in Baltimore,” said President and CEO Robert DeAlmeida. “We are very pleased to continue to implement our strategic plan through organic growth as well as acquisitions and mergers.”
Hamilton will acquire approximately $161 million in assets, $113 million in loans and $112 million in deposits, and will increase its branch network with new locations in the Pigtown community in Baltimore City and Ellicott City, Maryland.
Please direct all media inquiries to Kathy Walsh at 410-420-2001 or by email at email@example.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 $393 million in assets and $62 million in regulatory capital. The bank has 60 full-time employees and operates five branch locations across Greater Baltimore, 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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