July 28, 2017 11:19 AM ET

Banks

Company Overview of Fraternity Community Bancorp, Inc.

Company Overview

As of May 13, 2016, Fraternity Community Bancorp, Inc. was acquired by Hamilton Bancorp, Inc. Fraternity Community Bancorp, Inc. is a bank holding company for Fraternity Federal Savings and Loan Association, that provides personal and commercial banking services in Maryland. The company offers various deposit products, which include noninterest-bearing demand deposits, such as checking accounts; interest-bearing demand accounts, such as negotiable order of withdrawal and money market accounts; passbook accounts; savings accounts; and certificates of deposit. Its loan portfolio comprises real estate mortgage loans consisting primarily of one-to four-family mortgage loans; commercial real esta...

764 Washington Boulevard

Baltimore, MD 21230

United States

Founded in 2010

Phone:

410-539-1313

Fax:

410-752-3806

Key Executives for Fraternity Community Bancorp, Inc.

Fraternity Community Bancorp, Inc. does not have any Key Executives recorded.

Fraternity Community Bancorp, Inc. Key Developments

Fraternity Community Bancorp, Inc. Announces Earnings Results for the Nine Months Ended September 30, 2015

Fraternity Community Bancorp, Inc. announced earnings results for the nine months ended September 30, 2015. For the period, the company realized a net loss of $428,700 compared $82,700 a year ago. The net loss is primarily attributable to an increase in provision for loan losses. Net interest income decreased $199,800 from $3.3 million for the nine months ended September 30, 2014 to $3.1 million for the nine months ended September 30, 2015. Non-interest expense decreased $383,000, from $3.6 million for the nine months ended September 30, 2014, to $3.2 million for the nine months ended September 30, 2015.

Fraternity Community Bancorp, Inc. Announces Earnings Results for the Six Months Ended June 30, 2015

Fraternity Community Bancorp, Inc. announced earnings results for the six months ended June 30, 2015. For the six months, the company announced that it realized a net loss of $453,800 compared to net income of $62,100 for the six months ended June 30, 2014. The net loss is primarily attributable to an increase in the company’s provision for loan losses. Net interest income decreased $137,700, from $2,244,700 for the six months ended June 30, 2014, to $2,107,000 for the six months ended June 30, 2015.

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Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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