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Baltimore County Savings Bank to sell 4 branches

Baltimore Sun

American Bank of Rockville is buying four branches from BCSB Bancorp Inc., the holding company for Baltimore County Savings Bank. The deal includes the assumption of about $81 million in deposits, leases at three banks and a fourth branch property. No loans are being sold in the transaction, which is expected to be completed in the second quarter. The branches are located in Catonsville, Owings Mills, Ellicott City and Baltimore City. BCSB will continue to operate 14 branches once the sale is completed. The bank was looking to cut costs, improve capital ratios and focus its business in Northeast Maryland along the Interstate 95 corridor, where many of its branches are located.

- Andrea K. Walker

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