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Virginia Bankers Association to merge with Maryland group

Posted on AllSides June 21st, 2024
From The Right

The Virginia Bankers Association plans to join forces with the Maryland Bankers Association, the Baltimore Business Journal reported. The two trade groups have formed a holding company, and the merger is expected to take place by the end of the month. “When you look at the landscape of the industry, there is shrinkage,” Janet Currie, president of Bank of America’s Greater Maryland market told the journal. “There are fewer banks today than there were two years ago.” From 2013 to 2023, the number of banks in Virginia dropped from 145...

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