BayVanguard Financial to acquire Delmarva Bancshares for $54m.

BayVanguard Financial, the parent company of BayVanguard Bank, agreed to acquire Delmarva Bancshares, a bank holding company and parent of 1880 Bank, for $54m. This combination will be positive for both banks. We believe our customers will benefit from BayVanguard's increased capital and lending capacity while still maintaining local decision making and the exceptional service they have become accustomed to at 1880 Bank," Kim C. Liddell, Delmarva Bancshares Chairman, President and CEO.