Crestar Financial Corp. said it closed its purchase of Citizens Bancorp, Laurel, Md., on Dec. 30.

An agreement announced in September specified an exchange of 0.835 share of Crestar common stock for each Citizens share outstanding. The purchase was accounted for as a pooling of interests.

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.