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Bay Bank Announces Major Growth

June 2017

Bay Bancorp, Inc., the savings and loan holding company for Bay Bank, FSB, announced their highest ever quarterly net income on April 27. The figure was a net income of $0.96 million, compared to last quarter’s net income of $0.19 million. Bay Bank now has total assets of over $633 million between its 11 branches, and is the fifth largest community bank headquartered in the Baltimore region based upon deposit market share.

This growth can be attributed in part to Bay Bank’s recent merger with Hopkins Bancorp and Hopkins Federal Savings Bank.

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