Maryland

KENSINGTON, Md. — Lafayette Federal Credit Union has entered into a unique partnership with Hitachi Government Finance to drive the CU's commercial lending.

Severn Bancorp in Annapolis, Md., has reported a loss for the second quarter, following a revision to its initial quarterly results.

Eagle Bancorp in Bethesda, Md., plans to raise $55 million by issuing subordinated debt.

Community Bank of the Chesapeake in Waldorf, Md., has a new chief executive.

Codorus Valley Bancorp in York, Pa., has agreed to buy Madison Bancorp in Baltimore.

Goodwill industries is investigating a possible theft of customer card data.

Hampton Roads Bankshares has hired four lenders from Northwest Savings Bank in Baltimore to run its new commercial lending office there.

Sandy Spring Bancorp's profits fell short of expectations in the second quarter as revenue from mortgage banking plummeted and litigation costs rose.

BALTIMORE — Bert Hash Jr., longtime president and CEO of MECU of Baltimore Inc., retired after 17 years at the helm of the now $1.2 billion credit union.

Community banks in the Old Line State have benefitted from a strong economy, but higher regulatory costs, rate pressure and competition could force many to consider selling in coming months.

Chesapeake Bank & Trust in Chestertown, Md., has begun searching for a new chief executive.

The $1 billion-asset company disclosed in a regulatory filing Tuesday that it sold Tri-State General Insurance Agency to an unnamed buyer for $2.9 million.

Eagle Bancorp (EGBN) in Bethesda, Md., has agreed to buy Virginia Heritage Bank (VGBK) in Tysons Corner, Va.

The Office of the Comptroller of the Currency has closed Slavie Federal Savings Bank in Bel Air, Md.

Sandy Spring Bancorp (SASR) in Olney, Md., said its second-quarter earnings will be reduced after a Maryland jury awarded a $6.05 million verdict in a case involving a former employee.

LAUREL, Md. — Jeffrey Goff has been named CEO of the $23 million WSSC FCU.

Midstate Bancorp in Baltimore has filed paperwork to sell up to $34.4 million in stock as part of a planned conversion to a stock company. Sandler O'Neill is assisting with the offering.

BALTIMORE — More than a quarter of a million videos turn up on YouTube when users search for the words "credit union."

Howard Bancorp in Ellicott City, Md., has agreed to buy a branch from Rising Sun Bancorp in Rising Sun, Md.

BALTIMORE — Securityplus FCU said it is now certified as a Community Development Financial Institution by the U.S. Treasury, making it one of just 177 CDFI-certified credit unions in the nation.