OAKLAND, Md. - First United Corp. completed its acquisition of privately held Hometown Bancorp, Middlebourne, W. Va., through an exchange of shares.
The company said each share of Hometown common stock will be exchanged for 15.5 shares of First United common stock.
First United said that with the addition of Hometown it will have more than $425 million of total assets.
As previously reported, Hometown will become a subsidiary of First United but will retain its name.