Baltimore County Savings Bank is looking to switch to a Maryland chartered bank from a federal thrift.
The $623 million-asset BCSB Bancorp Inc., the thrift's parent, said Friday that it has filed a charter application with the Maryland Office of the Commissioner of Financial Regulation and will soon file an application with the Federal Reserve to convert. If approved, the conversion would likely occur in the third quarter.
"We believe conversion to a Maryland-chartered commercial bank positions BCSB best to compete in our market and to further execute our business strategy," Joseph Bouffard, the bank's president and chief executive, said in a press release.
