Insights
InsightsSubscribe
Press Releases
June 22, 2020
Team Represents Delmarva Bancshares in Merger with BV Financial
Yahoo Finance
A deal team led by Ben Barnhill represented Delmarva Bancshares, Inc., parent company of 1880 Bank in Cambridge, Maryland, in the announcement of a merger with BV Financial, Inc., the parent company of Bayvanguard Bank in Baltimore, MD, on June 17, 2020. The Nelson Mullins team also included Lee Kiser, Ricky Davis, and Brittany McIntosh (corporate, securities, and bank regulatory) as well as Kathy Solley (employee benefits and executive employment matters). The combined organization will have approximately $800 million in assets and 16 branch locations throughout Maryland. The aggregate deal value of the all-cash transaction is approximately $54 million and is one of the nation’s first bank mergers announced since the onset of the COVID-19 pandemic.
Professionals in the News
Media Contact
Caroline Balchunas
T 843.534.4121
caroline.balchunas@nelsonmullins.com
These materials have been prepared for informational purposes only and are not legal advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Internet subscribers and online readers should not act upon this information without seeking professional counsel.
