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Maryland-based Bay Bank sells stake in iReverse
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Columbia, Md.-based Bay Bank FSB on March 31 sold its 51% stake in iReverse Home Loan LLC for $70,000.
iReverse is a reverse home loan mortgage brokerage firm, and Bay Bank held the stake from July 8, 2016, until March 31, 2017. The stake was sold to iReverse's other owner.
Bay Bank is a subsidiary of Bay Bancorp Inc. Bay Bancorp is owned in part by H Bancorp LLC.