BALTIMORE Patapsco Bancorp, the parent company of Patapsco Bank, has completed its acquisition of Northfield Bancorp, the parent holding company of Northfield Federal Savings Bank of Baltimore County, Md.
Shares of Northfield common stock were converted into the right to receive $12.50 in cash and 0.24 convertible preferred shares of Patapsco. The acquisition brings Patapscos consolidated assets to about $155 million, based on third-quarter financial information.