Revere Bank (Revere) announced the completion of their previously announced merger with BlueRidge Bank (BlueRidge). The merger was concluded following receipt of shareholder approval from both institutions and all required regulatory approvals. Immediately following the closing of the merger BlueRidge merged into Revere.

In connection with the transaction, BlueRidge Bank President and CEO J. Brian Gaeng joins the executive management team of Revere and its Board of Directors. Walter C. 'Clay' Martz, II, and Peter H. Plamondon, Jr., members of the BlueRidge Board of Directors, also join Revere's Board of Directors. In addition, BlueRidge Bank Chairman of the Board W. Bert Anderson has been named Director Emeritus.

A new Frederick Regional Advisory Board will be created and all other current members of the BlueRidge Board have been invited to join this Regional Board. Revere will also maintain BlueRidge's Baltimore Regional Advisory Board. Operational close of the merger is scheduled for late June 2016.