Hamilton Bancorp, Inc. (NASDAQ: HBK)and its subsidiary, Hamilton Bank, today announced the completion of its merger with Fairmount Bancorp, Inc. (OTC Pink:FMTB) and its subsidiary, Fairmount Bank, effective September 11, 2015.
As a result of the merger, Hamilton will acquire approximately $75 million in assets, $53 million in loans and $53 million in deposits. Hamilton will increase its branch network by one to five locations in Greater Baltimore.
“This merger allows Hamilton Bank to expand further in Baltimore County, a strategic market for the Bank, extending our personal approach to financial services to the Rosedale community,” said Robert DeAlmeida, President and CEO of Hamilton. “Hamilton continues to execute its strategic plan through organic growth as well as acquisitions and mergers. We look forward to welcoming Fairmount’s employees and customers to Hamilton Bank.”
Hamilton will host a family-oriented grand opening event at the newly added Rosedale branch on Saturday, October 24, 2015 for Rosedale customers and the surrounding community. Taking place from 10 a.m to 2 p.m., the event is open to the public and will partner with local service organizations, businesses and media personalities to provide free food, entertainment, treats and prizes.
Please direct all media and event inquiries to Rob Weinhold at 410-420-2001 or by email at firstname.lastname@example.org. Please direct investor inquiries for Hamilton Bancorp to Robert DeAlmeida at 410-823-4510.