Delmarva Bancshares, Inc. (“Delmarva”), the parent company of 1880 Bank, announced that the acquisition of Easton Bancorp and its subsidiary, Easton Bank & Trust Company (“Easton Bank”), through the merger of Easton Bank with and into 1880 Bank, became effective July 15, 2015.
As a result of the merger, 1880 Bank — with approximately $330 million in assets, $225 million in loans and $280 million in deposits – becomes the sixth largest community bank on the Delmarva Peninsula. 1880 Bank will have six full service banking offices in Talbot and Dorchester counties focused on building long-term relationships with businesses, professionals and individuals.
“Together, we now offer clients six branch locations in Dorchester & Talbot counties, a higher borrowing capacity, more electronic banking services and added financial planning resources,” said Kim C. Liddell, Chairman, President and CEO. “Most importantly, we are extending the personal, hometown customer service that clients have enjoyed at both banks for so many years. We welcome Dr. Hill and the team of Easton Bank professionals to our combined company.”