Bay Bank announced Wednesday it has moved its corporate headquarters from Lutherville to Columbia in a move intended to grow its business in the Baltimore-Washington corridor.
The bank has grown in recent years with the 2013 acquisition of Carrollton Bank and the absorption of some assets of Slavie Bank after that bank's failure. In late April, Bay Bank opened the new, full-service branch at 7151 Columbia Gateway Drive that will serve as its new headquarters. More than 60 employees now work in the new location.
"Howard County has seen tremendous development over the past decade, and moving our corporate headquarters to Columbia is the logical next step for Bay Bank as we continue to seek opportunities for growth," said Joseph J. Thomas, president and CEO of Bay Bank. "We've always been invested in our local communities, and this location in the heart of the Baltimore Washington Corridor will allow us to better serve entrepreneurs throughout the region."
With more than $480 million in assets, Bay Bank has 11 branches across the region.