Joseph A. Cicero and Alan M. Leberknight will hold key posts at Bank of Baltimore after its merger with First Fidelity Bancorp. is completed later this year.
Mr. Cicero will serve as vice chairman and chief operating officer and Mr. Leberknight will be president and chief commercial banking officer of the Maryland bank.
In March, First Fidelity and Baltimore Bancorp announced a definitive agreement under which First Fidelity agreed to pay $346 million, or $20.75 per-common share, for the $2.2 billion-asset company and its subsidiaries, including the $2 billion-deposit, 41-branch Bank of Baltimore. That transaction is expected to close in the fourth quarter of this year.
Mr. Cicero joined Baltimore Bancorp and the Bank of Baltimore as executive vice president and chief financial officer in January 1992 after serving as senior executive vice president and chief financial officer of Perpetual Savings Bank, Vienna, Va, and treasurer and chief financial officer of its parent company, Perpetual Financial Corp. He has been a director of the bank and the holding company since 1993."
Mr. Leberknight became president of Bank of Baltimore and Baltimore Bancorp in November 1991. He was elected a director of the parent company in June 1992.