Two Maryland banks that announced plans to merge in April have extended the deadline for completing the deal as they await approval from the Federal Reserve Board.

Jefferson Bancorp of Lutherville and Carrollton Bancorp (CRRB) of Columbia announced Friday that they have agreed to extend the deadline for terminating the deal until Feb. 28. Under their original merger agreement, either side could have called off the deal if it was not completed by Dec. 31.

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