Maryland

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.

RKJS Bank, an interim company formed by a group of local Baltimore investors, won First Mariner's bankruptcy auction Tuesday after National Penn Bancshares (NPBC) in Allentown, Pa., withdrew its offer.

Sandy Spring Bancorp in Olney, Md., said its first-quarter profit rose 3% from a year earlier, to $10.9 million. The improvement was largely because of loan growth, changes in funding costs and efforts to increase wealth management and insurance revenue, the company said.

F.N.B. Corp. (FNB) in Hermitage, Pa., has agreed to buy OBA Financial Services (OBAF) in Germantown, Md.

National Bank of Cambridge in Cambridge, Md., has been freed from a formal agreement with the Office of the Comptroller of the Currency.

The Federal Home Loan Bank of Atlanta has appointed Bank of Georgetown Chairman Michael Fitzgerald to its board of directors.

SUITLAND, Md. — Andrews FCU here has completed a core conversion to Symitar's Episys core system.

Third Federal Savings and Loan in Cleveland is planning to expand its residential lending into several additional states.

Cardinal Financial (CFNL) in Tysons Corner, Va., has merged its two banks.

Madison Bancorp (MDSN) in Baltimore, Md., plans to deregister its common stock and stop reporting to the Securities and Exchange Commission.

First United (FUNC) in Oakland, Md., has received regulatory approval to catch up on interest payments for certain obligations.