Maryland

Bay Bancorp in Columbia, Md., has named one of its largest investors, Steven Hovde, to its board.

Bank United in Miami Lakes, Fla., has appointed two former Capital One Financial executives to lead its new equipment and franchise finance subsidiary.

Delinquencies on non-owner-occupied commercial real estate loans ticked up in the first quarter after years of steady declines. Some are shrugging off the increase, saying it was expected given the strong demand for CRE loans, but others say there's good reason to be concerned.

The $189 million-asset credit union has asked approval from state and federal regulators to convert to a state-chartered mutual savings bank.

Severn Bancorp in Annapolis, Md., has agreements in place to raise $11 million through a private placement of common stock.

Community Financial Corp. in Waldorf, Md., has agreement to support a director nominated by the activist investor Basswood Capital Management.

Kopernik Bank and Liberty Bank of Maryland, both mutual thrifts in Baltimore, have agreed to merge. No money would change hands given the mutual-ownership structures involved in the deal.

Glen Burnie Bancorp in Maryland has appointed a successor to its outgoing president and chief executive.

Chesapeake Bank & Trust in Chestertown, Md., has named former community bank chief executive Ray Tarrach to its board. Tarrach had been president and CEO of Chestertown Bank, which was renamed Mercantile Eastern Shore Bank in 2004.

Eagle Bancorp in Bethesda, Md., has hired four bankers to a develop a business line making Federal Housing Administration-insured loans for multifamily rental properties.