Bradford Bancorp acquires Valley for $9.6 million

Two banking companies, Bradford Bancorp Inc. of Baltimore and Hunt Valley-based Valley Bancorp Inc., have signed an agreement in which Bradford will acquire Valley Bancorp for about $9.6 million.

The transaction will increase Bradford Bancorp?s assets from $431 million as of June 30 to about $476 million. It will also add an additional location. Under terms of the agreement, Valley Bancorp shareholders will be eligible to receive $71 in cash for each share of Valley Bancorp common stock.