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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.