The Baltimore Sun is reporting today that the parent of Cambridge-based 1880 Bank has announced a plan to buy the Easton Bank & Trust Company for $8 million cash.
Parent Delmarva Bancshares expects to close on the deal later this year, after the approval of banking regulators and the shareholders of Easton Bank. 1880 Bank, which was known as National Bank of Cambridge until it was renamed in October, serves the Eastern Shore and has about $192 million in assets and $166 million in deposits.
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