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Article: American Home Mortgage Holdings To Acquire Valley Bancorp, Inc.; Transaction to be Significantly Accretive to Earnings.
- Article from:
- Business Wire
- Article date:
- August 27, 2001
CopyrightCOPYRIGHT 2001 Business Wire. 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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Business Editors
NEW YORK--(BUSINESS WIRE)--Aug. 27, 2001
Strategic Acquisition Solidifies American Home's Business Objective
on Becoming a Diversified Financial Institution
American Home Mortgage Holdings, Inc. (Nasdaq: AHMH), ("American Home" or the "Company"), one of the nation's largest independent retail mortgage bankers, today announced that it has entered into an agreement to acquire Valley Bancorp, Inc. and its wholly owned subsidiary Valley Bank of Maryland, a federal savings bank located in suburban Baltimore, Maryland, for a combination of American Home shares and cash valued at approximately $5.5 million.