Posted inBanking & Finance

F.N.B. completes merger with Howard Bancorp

F.N.B. Corporation, of Pittsburgh, has successfully completed its merger with Baltimore-based Howard Bancorp. The customer and branch branding conversion is scheduled to be finalized on Feb. 7. As a result of the merger with Howard, FNB has approximately $42 billion in total assets, $27 billion in total loans and $33 billion in total deposits. FNB also has assumed the number six retail deposit share for banks […]

Posted inAnne Arundel County

Shore Bancshares, Severn Bancorp merger approved

Shore Bancshares, the holding company of Shore United Bank and Severn Bancorp, the holding company of Severn Savings Bank, announced that, at special meetings of their respective shareholders held on Oct. 22, Shore’s shareholders approved the merger of Severn with and into Shore. Shore will be the surviving corporation, with the issuance of shares of Shore’s common stock to the shareholders of Severn pursuant […]

Posted inAnne Arundel County

BayVanguard buys North Arundel Savings Bank

BayVanguard buys Arundel bank BV Financial, the parent company of BayVanguard Bank, and North Arundel Savings Bank, have entered into a definitive merger agreement whereby North Arundel Savings Bank will merge with and into BayVanguard Bank with BayVanguard Bank as the surviving entity. Under the terms of the merger agreement, depositors of North Arundel Savings Bank will become depositors of BayVanguard. […]

Posted inBanking & Finance

Maryland Bankers Association elects William Pasenelli chair

William Pasenelli, vice chairman and CEO of Community Bank of the Chesapeake, was elected 2021-2022 Chairman of the Maryland Bankers Association (MBA). Pasenelli is the CEO of Community Bank of the Chesapeake. He graduated magna cum laude from Duke University with a Bachelor of Arts degree in management science. Pasenelli is also a Certified Public Accountant and graduated from the […]