Sequoia National Bank is leaving its hometown of Baltimore in favor of the glitzier Washington area.

Sequoia agreed to sell its three Baltimore-area branches to Harbor Federal Savings Bank, a small, old-line Baltimore thrift that has been looking for expansion opportunities for a year, according to Harbor chief executive Robert Williams. Terms of the deal were not disclosed.

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.