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Business

Fairmount Bancorp completes acquisition of thrift

Fairmount Bancorp, the holding company of its namesake bank in Rosedale, announced Thursday that it had completed the acquisition of Baltimore's Fullerton Federal Savings Association.

Under the deal, Fairmount sold $793,000 of its common stock to Fullerton Federal depositors and to Fairmount's employee stock ownership plan. Shares were also offered to the public.

Hanah.cho@baltsun.com

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