Bradford Bancorp, a mutual holding company in Baltimore, said Thursday that it has a deal buy Golden Prague Federal Savings and Loan, a $29 million-asset mutual thrift in Baltimore.
Because it would be a merger of mutuals, no cash would change hands. Golden Prague's operations are to be consolidated into Bradford's.
This is the second deal the $458 million-asset Bradford has announced in the past six months. On July 31 it said it was buying the $50 million-asset Valley Bancorp in Hunt Valley, Md., for $9.6 million. That deal is expected to close in the first quarter and the Golden Prague deal next quarter.
Bradford's thrift subsidiary, Bradford Bank, has six branches in the Baltimore area. Golden Prague's two branches would be merged into Bradford Bank.
