Maryland

Richmond, Virginia-based Atlantic Union is still integrating its recent acquisition of Sandy Spring Bank in Maryland. But CEO John Asbury has already begun plotting a new expansion course.

David Bunch joined the Maryland credit union as a member in 1979 and has worked there since 1987. He was appointed to lead the organization in 1996.

The company would gain its first branches around Annapolis after it buys Severn Bancorp in a deal valued at $146 million.

Richard Daugherty stepped down after more than three decades at the Maryland-based institution, including overseeing four mergers and asset growth of nearly 500%.

The Maryland-based credit union has promoted Chief Operating Officer Tonia Niedzialkowski to president of the organization with an eye toward eventually naming her CEO.

Members of $6.3 million-asset FIAFE Federal Credit Union will vote early next year on whether to merge into $43 million-asset Central Credit Union of Maryland.

The Baltimore institution said it would close on Nov. 3 with the intention that employees use the paid time off to participate in the democratic process.

Driver Management, a bank investor, alleges that First United in Maryland made false claims and improperly lobbied lawmakers to keep its nominees off the board. The bank asserts that it acted properly in response to an attempted hostile takeover.

MBFT Federal Credit Union serves just 131 members and holds less than $1 million in assets.

Delmar Bancorp will lose its regionally associated brand when it becomes Partners Bank.

The $338 million-asset institution already serves more than 3,000 members in the county who were able to join through affiliations with Harford County.

Delmarva Bancshares, which was on the brink of failure during the financial crisis, will be sold to BV Financial for $54 million.

The Baltimore-area credit union crossed the latest threshold despite a dip in net income during the first quarter as many organizations struggle with the coronavirus fallout.

Members of Maryland-based GEICO Federal Credit Union are set to vote on whether to merge into Illinois-based Baxter Credit Union.

The company will pay $25 million in cash for Carroll Bancorp in a deal between Baltimore-area banks.

The company, which sold the business to a group of former employees, will shut down its operation this quarter.

While the Maryland company claimed it has margins and credit issues under control, it couldn't provide any clarity on rising legal expenses.

Susan Riel succeeded Ronald Paul as CEO of the Maryland bank shortly before questions surfaced about credit quality and lending practices.

Howard Bancorp is planning a big push in CRE lending, first in its hometown of Baltimore and eventually in Washington.

Such credits, which reflect borrowers with financial challenges, increased significantly during the third quarter.