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Delmar Bancorp closes Liberty Bell Bank buy

Salisbury, Md.-based Delmar Bancorp completed its acquisition of Marlton, N.J.-based Liberty Bell Bank, effective March 1.

The combined company is expected to have more than $700 million in assets, $580 million in loans and $600 million in deposits. It will also have a total of 14 branches.

As of Dec. 31, 2017, Delmar Bancorp unit Bank of Delmarva had more than $562.3 million in assets, $462.7 million in loans and $465.5 million in deposits. Liberty Bell, meanwhile, had about $152.5 million in assets, $123.6 million in loans and $141.4 million in deposits.