Hamilton Bancorp in Towson, Md., has agreed to buy Fairmount Bancorp in Baltimore.
The $289 million-asset Hamilton said in a press release Thursday that it will pay $15.4 million, or $30 a share, in cash for the $77 million-asset Fairmount. The deal is expected to close by the end of this year.
"The addition of Fairmount will leverage our footprint and greatly enhance our operating performance," Robert DeAlmeida, Hamilton's president and chief executive, said in the release.
Fairmount had been
Keefe, Bruyette & Woods and Luse Gorman advised Hamilton. Olsen Palmer and Jones Walker advised Fairmount.