Rosedale Federal completed the acquisition of CBM Bancorp for $64m.

Rosedale Federal Savings & Loan Association, a banking firm, completed the acquisition of CBM Bancorp, a bank holding company, for $64m. "This is a very exciting time for Rosedale Federal as this transaction will provide immediate additional size and scale, along with a larger footprint for additional growth opportunities. The acquisition of CBM Bancorp truly makes sense when we look at how our businesses align on mortgage lending and deposits, along with branch locations that allow us to provide a strong financial benefit to our customers," Kevin Benson, Rosedale Federal President and CEO.