The last time Bradford Bank in Baltimore tried to go public it had growth in mind, but this time its proposed conversion is more about pumping up capital to satisfy regulators.

The $526.7 million-asset mutual thrift announced in March of last year that it would convert to a public company and use much of the proceeds to buy Patapsco Bancorp Inc. of Baltimore, but Bradford failed to raise the capital it needed, and in January the deal was called off.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.