Hamilton Bank depositors approve plan to go public

Hamilton Bank’s depositors have approved the bank’s plan to go public.

The Towson bank expects to raise $37 million by selling 3.7 million shares of stock at $10 apiece. The bank expects to complete its conversion to a stock bank, from a mutual bank, on Oct. 10. Hamilton expects its shares will start trading that day on the NASDAQ Capital Market exchange under the ticker symbol “HBK.”

Federal banking regulators in August gave their approval for Hamilton’s conversion from a bank owned…