Sandy Spring Bancorp, Inc. (SASR) said Wednesday that it has received final regulatory approvals for its acquisition of CommerceFirst Bancorp, Inc (CMFB), the bank holding company of CommerceFirst Bank.
The transaction is expected to close in the second quarter of 2012, subject to approval of CommerceFirst shareholders and satisfaction of customary closing conditions.
As per the agreement announced on December 20, 2011, Sandy Spring was to acquire all shares of CommerceFirst common stock in a stock and cash deal valued at about $25.4 million at that time.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.