Finance

BDO USA, an accounting and advisory firm, announced the expansion of its Wealth Advisory Practice in the Baltimore-Washington market through the addition of 10 partners and professionals from Biegel Waller Investment Advisory Services, of Columbia.  Biegel Waller Investment Advisory Services is a wealth management firm delivering investment strategies to high net worth clients. Founded in […]

Sandy Spring Bancorp, the parent company of Sandy Spring Bank, and Revere Bank have jointly announced that they have entered into a definitive agreement for Sandy Spring to acquire the Maryland-based Revere. With combined assets of $11.2 billion, this acquisition deepens Olney-based Sandy Spring’s presence in its core market and authoritatively pushes the company through […]

Old Line Bancshares, of Bowie, and WesBanco have announced a definitive agreement and plan of merger providing for the merger of Old Line with and into WesBanco. Under the terms of the agreement and plan of merger, which has been approved by the boards of directors of both companies, WesBanco will exchange shares of its […]

Howard Bancorp, the parent company of Howard Bank has received a non-objection letter from the Federal Reserve Bank, of Richmond, Va., to allow the company to repurchase shares of its common stock. Under the repurchase program, management is authorized to repurchase an aggregate amount of up to $7 million of the outstanding shares of the […]

NXG Bank could become the first de novo to be founded in Maryland in a decade. The proposed newly chartered bank would be headquartered in Howard County and target small businesses and mortgage lending using financial technology. In addition to its focus on the needs of small and medium-sized businesses, the bank would undertake national […]