The Maryland Black Bears announced that Severn Bank will be the sponsor of the Ticket Center located in the front entrance of the Piney Orchard Ice Arena. The bank will be being strongly integrated into the presence the Black Bears have in their home arena and throughout the Central Maryland Community. The main components of […]
Finance
Posted inBusiness News
Sandy Spring to acquire Rembert Pendleton Jackson
Sandy Spring Bancorp, the parent company of Sandy Spring Bank, has reached an agreement to acquire Rembert Pendleton Jackson (RPJ), an investment and financial advisory firm located in Falls Church, Va., with more than $1.3 billion in assets under management (AUM). Upon closing the transaction, the combined AUM under Olney-based Sandy Spring’s wealth management arms […]
Posted inFinance
Sandy Spring Bancorp to acquire Revere Bank
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 […]
Posted inBusiness News
Old Line Bancshares, WesBanco merging in $500M deal
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 […]
Posted inBusiness News
Howard Bank offers stock buy back
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 […]
Posted inBusiness News
De novo bank slated for Howard County
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 […]
Posted inGovernment
Howard announces $200M bond sale at lowered rate
A total of $200,230,000 of Consolidated Public Improvement, Metropolitan District and refunding bonds were priced and have been sold by Howard via a competitive bidding process. The bonds are highly valued in the marketplace, in large part due to Howard County’s AAA credit rating, which was affirmed by all three bond rating agencies last month. […]
Posted inFinance
Bureau of Engraving & Printing may come here
The U.S. Bureau of Engraving & Printing (BEP) is evaluating a 100-acre parcel on the U.S. Department of Agriculture’s Beltsville Agricultural Research Center, in Beltsville, as the potential location for a new production facility that would print U.S. paper currency and other federal security products. BEP is partnering with the USDA and the U.S. Army […]