Bradford Bancorp Inc. in Baltimore is buying the $50 million-asset Valley Bancorp in Hunt Valley, Md., for $9.6 million in cash.
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The deal, announced Monday, is expected to close in the first quarter.
The acquisition would be the second for Bradford in its 103-year history. In February 2003 it bought the $70 million-asset Wyman Park Bancorp in Lutherville.
The $431 million-asset Bradford has six branches, in Baltimore and the nearby suburbs. Valley Bancorp is the parent of the two-branch Valley Bank of Maryland.
