About the Post

Author Information

Revere Bank to Buy Monument Bank For $65.1M

Laurel-based Revere Bank is making good on its quest to grow in the I-270 corridor, announcing a $65.1 million deal Tuesday evening to buy Monument Bank of Rockville.

The combination of the two privately held banks will create an institution with more than $1.7 billion in assets and $1.37 billion in total deposits. It will have 10 branches.

The deal comes just weeks after the ambitious Revere Bank, the 29th largest in Greater Washington at the end of 2015, closed on its acquisition of Frederick-based Blueridge Bank, another step in its move up Interstate 270.

Read the full article from the Washington Business Journal.



No comments yet.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: