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 Patapsco’s consolidated assets to about $155 million, based on third-quarter financial information.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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