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Hamilton Bancorp acquired by Orrstown Financial Services (BBJ Story)

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The Baltimore Business Journal
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Recent acquisitions by competitors of Hamilton Bancorp Inc. convinced CEO Robert DeAlmeida it was time to make a deal. The bank said late Tuesday it is in a deal to be acquired by Shippensburg, Pennsylvania-based Orrstown Financial Services Inc. for $58.5 million in cash and stock, pending approval by Hamilton's board and government regulators. 

Hamilton Bank had been an acquirer in recent years, buying a couple of smaller banks in 2015 and 2016. Major deals by Howard Bank and Old Line Bank made it difficult for Hamilton to keep up, DeAlmeida said.

READ THE FULL STORY AT BBJ WEBSITE.

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