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The number of community banks in Maryland is shrinking

Across Maryland in recent years, small banks have been buying up smaller banks and pieces of failed institutions.

Hamilton Bancorp announced plans last week to buy Fraternity Community Bancorp, a three-branch savings and loan bank based in Pigtown, for $27 million. Just a month earlier, Towson-based Hamilton closed on its purchase of Rosedale-based Fairmount Bank and its lone branch.

Those deals follow on the heel of other acquisitions by the parents of Old Line Bank, Howard Bank and 1880 Bank on the Eastern Shore.

Read full article here from Baltimore Sun



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