Delmarva Bancshares, Inc. Announces Acquisition of Easton Bancorp, Inc.
Cambridge, MD – March 31, 2015
Delmarva Bancshares, Inc. (“Company”), parent company of 1880 Bank (collectively with the Company, “Delmarva”) announced today the signing of a definitive merger agreement under which Delmarva will acquire Easton Bancorp, Inc. (“Easton”), the parent company of Easton Bank & Trust Company, for $8 million in cash. Delmarva expects this transaction to be completed late in the third quarter of 2015 or the fourth quarter of 2015, subject to the satisfaction of customary closing conditions, including regulatory approvals and the approval of the shareholders of Easton.
1st Community Bank to offer service on Maryland’s Eastern Shore and Delmarva Peninsula
Cambridge, Maryland, Jan. 14, 2015 – 1880 Bank now offers new and existing customers the online option to open checking, savings, and money market accounts through the bank’s website at www.1880bank.com. With the addition of online account opening, 1880 Bank continues to expand online and mobile banking capabilities to make it easier and more convenient for consumers to manage their finances.
Converts from federal to state-chartered community bank
Cambridge, MD – Delmarva Bancshares, Inc. announced today that the National Bank of Cambridge has converted from federal to state charter and has been renamed 1880 Bank. It will remain the only locally operated, independent bank headquartered in Dorchester County.
The 1880 Bank name is inspired by the institution’s founding year and its 134 years of service in Dorchester County. As a state-chartered community bank, it could no longer have the word ‘National’ in its name.
Take advantage of 1880 Checking, our no-fee, no minimum balance checking account ! Online banking saves paper and offers a more convenient way to manage your money from your computer, tablet, or smartphone.
At 1880 Bank we take pride in a 130-year tradition of serving our neighborhood. We invest in our customers—offering individuals and businesses a full menu of financial products and services that make banking with us convenient, dependable, and one hundred percent satisfying.