Atlantic Community Bancshares, Inc., the parent of Atlantic Community Bankers Bank headquartered in Camp Hill, Pennsylvania and BBN Financial Corporation, the parent of Bankers Bank Northeast headquartered in Glastonbury, Connecticut announce merger to better serve customers in Mid-Atlantic and New England regions.

 

Camp Hill, PA and Glastonbury, CT – Atlantic Community Bancshares, Inc. (ACBI), headquartered in Camp Hill, Pennsylvania and BBN Financial Corporation (BBNFC), headquartered in Glastonbury, Connecticut, are proud to announce they have entered into an agreement to merge which will provide community financial institutions an enhanced suite of correspondent services as well as a stronger bankers’ bank. The merger transaction is valued at $17 million.

Click here to read the full press release.

 

About ACBB

Owned and managed by community bankers for community bankers, ACBB has been serving financial institutions since 1983. ACBB specializes in helping community banks remain profitable and competitive. The bank provides correspondent services to over 300 shareholder banks in addition to many non-shareholder banks throughout the Mid-Atlantic and Northeastern regions offering both credit and non-credit services. ACBB works with community banks of all sizes, including regional financial institutions. ACBB is headquartered in Camp Hill, Pennsylvania, with a branch office in Newark, New Jersey, where their technology subsidiary, ACBB-BITS, is headquartered. For more information about ACBB visit www.acbb.com.

 

 

FOR ADDITIONAL INFORMATION
CONTACT
Craig Howie
BBN President & CEO
860.266.2577