BALTIMORE Baltimore Bancorp said those attending a recent stockholder's meeting overwhelmingly approved its agreement to merge with First Fidelity Bancorp.
Shareholders of Baltimore Bancorp will receive $20.75 in cash for each share of common ,stock at the effective date of the merger.
Baltimore Bancorp is a Baltimore-based community bank holding company with $2.2 billion in assets. Its principal subsidiary, The Bank of Baltimore, founded in 1818, operates 41 branches within the Baltimore-Annapolis-Washington market.