2 Acquisitions of Companies in Baltimore

January 15, 2023
Acquisitions Hub

M&A activity has seen a steady increase across the globe over the past decade, especially in Baltimore. Startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 2 acquisitions that took place in Baltimore .

Hopkins Federal Savings Bank acquired by Bay Bank

Details about the transaction:

Acquisition amount:

$23,900,000

Announcement:

11 July 2016

Details about the company:

The financial entity Hopkins Federal Savings Bank is locally owned and run.

Headquarter:

Baltimore, Maryland, United States

Where to find them:

Industry:

Financial Services

Details about the buyer:

Bay Bank provides the best personal service and most practical financial solutions to meet the requirements of the neighborhood.

Headquarter:

Columbia, Maryland, United States

Where to find them:

Chesapeake Bank of Maryland acquired by Rosedale Federal Savings & Loan Association

Details about the transaction:

Acquisition amount:

$64,400,000

Announcement:

28 January 2022

Details about the company:

New Eastern Avenue Permanent Savings and Loan Association served as the precursor of Chesapeake Bank of Maryland's founding in 1913.

Headquarter:

Baltimore, Maryland, United States

Where to find them:

Industry:

Banking, Financial Services

Details about the buyer:

Locally owned and operated Rosedale Federal Savings & Lending Association is a cooperative savings and loan organization.

Headquarter:

Baltimore, Maryland, United States

Where to find them: