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Article: United States: Parent company of Annapolis Community Bank to be bought by Capital Funding Bancorp.
- Article from:
- TendersInfo
- Article date:
- April 15, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: sander03
The Towson-based parent company of Annapolis Community Bank will be bought by a firm that plans to inject the financial institution with more than $35 million in capital.AmericasBank Corp. announced last week the decision to sell to Capital Funding Bancorp, a holding company formed by Baltimore businessman Jack Dwyer early this year.Under the deal, Capital Funding Bancorp will become the parent company of AmericasBank and assume ownership of the bank's three locations in Annapolis, Towson and Highlandtown.
Bank officials said they don't expect the deal to affect operations at the Annapolis branch, which opened at 1419 Forest Drive in ...
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