Rosedale Federal Savings and Loan Association completed the acquisition of CBM Bancorp, Inc..
The transaction is subject to the satisfaction of customary closing conditions, including regulatory approvals and the approval of CBM Bancorp's stockholders. The transaction has been approved unanimously by the Boards of Directors of both entities. The merger is expected to be consummated during the first half of 2022. Performance Trust Capital Partners, LLC is serving as financial advisor, and Lawrence Spaccasi, Kent Krudys, Thomas Hutton and Gregory Sobczak of Luse Gorman, PC is serving as legal counselors to Rosedale Federal in this transaction. Piper Sandler & Co. is serving as financial advisor, and Edward B. Crosland, Jr. and Ricky Fisch of Jones Walker LLP acted as the legal advisor to CBM Bancorp.
Rosedale Federal Savings and Loan Association completed the acquisition of CBM Bancorp, Inc. (OTCPK:CBMB) on July 7, 2022.