COLUMBIA, Md., Feb. 23 /PRNewswire/ -- Columbia Bancorp (Nasdaq: CBMD) and
Suburban Bancshares, Inc. (Nasdaq: SBNK) today jointly announced that each has
received shareholder approval for the pending merger of Suburban Bancshares,
Inc. into Columbia Bancorp. In addition, the necessary regulatory approvals
have been received. Columbia Bancorp anticipates that the merger will be
completed on or about March 8, 2000. Upon completion of the merger, Columbia
Bancorp will operate twenty-three banking offices in Howard, Baltimore, Prince
George's and Montgomery counties and Baltimore City, Maryland. Total assets
will be approximately $700 million after the merger.
Columbia Bancorp, headquartered in Columbia, Maryland, is a bank holding
company and parent company of The Columbia Bank, a commercial bank. The
Columbia Bank currently operates fifteen banking offices. The Columbia Bank
provides a full range of financial services to consumers and businesses.
Columbia Bancorp's Common Stock is traded on the National Market tier of The
Nasdaq Stock Market(SM) under the symbol "CBMD".
Suburban Bancshares, headquartered in Greenbelt, Maryland, is a bank
holding company and parent company of Suburban Bank of Maryland, a commercial
bank. Suburban Bank of Maryland operates eight banking offices. Suburban
Bancshares' Common Stock is traded on the Small Cap tier of The Nasdaq Stock
Market(SM) under the symbol "SBNK".
SOURCE Columbia Bancorp
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Related links:
http://www.columbank.com
Company News On-Call:
http://www.prnewswire.com/comp/127921.html or fax,
800-758-5804, ext. 127921
CONTACT:
John A. Scaldara, Jr., CFO, of Columbia
Bancorp, 410-465-4800
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