Fairmouont Bancorp (FMTB) 28.5600 $FMTB
Hamilton Bancorp and Fairmount Bancorp to Merge
PRWeb - Thu Apr 16, 12:31PM CDT
Hamilton Bancorp Inc. (NASDAQ: HBK), and Fairmount Bancorp Inc. (OTC Pink: FMTB), jointly announced today that they have entered into an agreement and plan of merger. Under the terms of the merger agreement, Fairmount Bancorp Inc. and its subsidiary Fairmount Bank (collectively "Fairmount"

will merge into Hamilton Bancorp Inc. and its subsidiary Hamilton Bank (collectively "Hamilton"

in a cash transaction valued at $30.00 per share, or approximately $15.4 million in the aggregate. As a result of the merger, Hamilton will have five branch locations and pro-forma assets totaling $366 million with $215 million in loans and deposits in excess of $276 million.
HBK: 13.60 (-0.10)