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Revere Bank leaves door open on Baltimore-area expansion after $15.5M capital raise

Rick Seltzer

Reporter- Baltimore Business Journal

The latest moves from Revere Bank keep begging questions about Baltimore-area expansion plans.

Revere, a Laurel-based bank with $750 million in assets, months ago completed an oversubscribed offering raising $15.5 million. That followed a recent expansion toward Baltimore that had the bank hiring a new commercial banking team in Howard County and opening a Columbia-area location.

The bank’s leaders have committed to growing, setting a target of $1 billion in assets by the end of 2017 and eventually going public. But ask them where they want to grow on the map, and they’ll make no specific promises.

Read full article here from Baltimore Business Journal

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