CBM Bancorp, Inc. operates as a bank holding company for Chesapeake Bank of Maryland. Its deposit products include non-interest bearing and interest-bearing demand deposits, time deposits, money market deposits, and certificates of deposit, as well as savings and individual retirement accounts. The company's loan portfolio comprises one-to four-family residential real estate loans, nonresidential real estate loans, construction and land development loans, home equity loans and lines of credit, commercial business loans, and consumer loans. It also invests in various investment securities. The company operates through a main office located in Baltimore County, Maryland; and three branch offices located in Arbutus, Bel Air, and Pasadena, Maryland. CBM Bancorp, Inc. was founded in 1913 and is headquartered in Baltimore, Maryland.
IPO Year: 2018
Exchange: NASDAQ
Website: chesapeakebank.com
Rosedale Federal Savings & Loan Association ("Rosedale Federal") announced that its acquisition of CBM Bancorp, Inc. ("CBM Bancorp") (OTCMKTS - "CBMB") was completed effective July 7, 2022. Under the terms of the merger agreement, CBM Bancorp stockholders will receive $17.75 in cash for each share of common stock they own, or aggregate merger consideration of approximately of $64.4 million. The merger will result in Rosedale Federal's asset size growing to approximately $1.3 billion. This transaction expands Rosedale Federal's footprint in Maryland and complements its ongoing strategy of continuous growth to benefit account holders and drive business goals. "We are thrilled to announce th
BALTIMORE, Jan. 28, 2022 /PRNewswire/ -- Rosedale Federal Savings & Loan Association ("Rosedale Federal") and CBM Bancorp, Inc. ("CBM Bancorp") (OTCMKTS- "CBMB") jointly announced the signing of a definitive merger agreement pursuant to which Rosedale Federal will acquire CBM Bancorp, the Baltimore, Maryland, based holding company and parent of Chesapeake Bank of Maryland, in an all-cash transaction for an aggregate purchase price of $64.4 million. Under the terms of the merger agreement, which has been approved unanimously by the boards of directors of both entities, stockho
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