Bay Bank closes $23.9 million acquisition of...

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Bay Bank has closed its acquisition of Hopkins Federal Savings Bank. The deal cost Columbia-based Bay Bancorp Inc. (NASDAQ: BYBK) $23.9 million, or $98.75 per share, slightly more from the original deal announced in December. The deal gives Bay Bank total assets of $650 million and 12 branches in the Baltimore-Washington corridor. Bay Bank acquired two branches from Hopkins Federal Savings Bank in the Baltimore market, one in Pikesville and one in Highlandtown. Bay Bank said it will rebrand the…