Maryland's FCNB Corp. announced plans this week to buy First Frederick Financial Corp. for $37 million in stock. Both companies are based in Frederick, 50 miles north of Washington.

First Frederick, parent of First Bank of Frederick, has $123 million of assets and six branches. Its president, Jacob H. Goldstein, would become chief lending officer at FCNB after the deal closes.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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