September 26, 2017 4:25 PM ET

Banks

Company Overview of Bay Bank, FSB

Company Overview

Bay Bank, FSB provides community banking services to local consumers, small and medium size businesses, professionals, and other valued customers. It offers personal banking services, such as checking accounts, savings/CDs/IRAs, loans, online banking, and other services. The company also provides business banking services, which include checking accounts, savings accounts, cash management, commercial lending, online banking, and remote deposit services. In addition, it offers mortgage services. The company was founded in 2010 and is based in Lutherville, Maryland with a branch in Columbia. Bay Bank, FSB operates as a subsidiary of Carrollton Bancorp.

2328 West Joppa Road

Suite 325

Lutherville, MD 21093-4637

United States

Founded in 2010

Phone:

410-494-2580

Fax:

410-494-2589

Key Executives for Bay Bank, FSB

Chairman, CEO and President
Age: 52
Chief Financial Officer and Chief Financial Officer of Bay Bancorp Inc
Age: 56
Senior Vice President and Head of Marketing & Investor Relations
Age: 54
Chief Credit Officer
Age: 60
Senior Vice President and Residential Mortgage Sales Manager of Carrollton Mortgage Services
Compensation as of Fiscal Year 2017.

Bay Bank, FSB Key Developments

Michael J. Chiaramonte to Resign from the Board of Bay Bancorp, Inc. and Bay Bank, FSB

On March 29, 2017, Michael J. Chiaramonte notified the boards of directors of Bay Bancorp, Inc. and Bay Bank, FSB of his decision to resign, effective immediately, from those boards. Mr. Chiaramonte's decision was not due to a disagreement with the company or the bank on any matter relating to their operations, policies or practices.

Bay Bancorp, Inc. and Bay Bank, FSB Elect Steven D. Hovde to Serve as a Director

On June 20, 2016, the boards of directors of the Bay Bancorp, Inc. and its wholly-owned subsidiary, Bay Bank, FSB elected Steven D. Hovde to serve as a director on these boards. Mr. Hovde is the Chairman and Chief Executive Officer of Hovde Group. Mr. Hovde co-founded Hovde Group in 1987 with Eric D. Hovde, who also serves on the boards of directors of the Company and the Bank. Before co-founding Hovde Group, Mr. Hovde was Regional General Counsel and Vice President of a national commercial real estate development firm, Vantage Companies.

Bay Bank Appoints Alvin Lapidus as Chairman

Bay Bancorp Inc. and Hopkins Bancorp Inc. announced the next step in their merger. The acquisition by Bay Bancorp. Inc. of Hopkins Bancorp. Inc. and Hopkins Federal Savings Bank has been approved by the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency. The closing of the transaction is subject to various conditions, including approval by the stockholders of Hopkins Bancorp Inc. Subject to the satisfaction or waiver of those conditions, the parties expect to consummate the transaction no later than July 2016. Alvin Lapidus, chairman of Hopkins Federal Savings Bank, will serve as Bay Bank's chairman emeritus, and will help ensure a successful transition and ongoing service to clients.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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