About BV Financial
BV Financial is the parent company of Bay-Vanguard Federal. Bay-Vanguard Federal is headquartered in Baltimore, Maryland with four other branches in the Baltimore metropolitan area. Bay-Vanguard Federal is a full-service community-oriented financial institution dedicated to serving the financial service needs of consumers and businesses within its market area.
BV Financial Headquarter Location
7657 Arundel Mills Blvd
Hanover, Maryland, 21076,
Latest BV Financial News
Nov 3, 2020
Jennifer Lian BALTIMORE, MD / ACCESSWIRE / November 2, 2020 / BV Financial, Inc. (OTC PINK:BVFL), the holding company for BayVanguard Bank, today reported net income of $1. 5 million, or $0.20 per diluted share, for the quarter ended September 30, 2020 compared to net income of $785,000, or $0.11 per diluted share, for the quarter ended September 30, 2019. The results reflect the first full quarter after the integration of the operations of MB Bancorp, Inc., and its wholly-owned subsidiary, Madison Bank that were acquired on February 29, 2020, as well as $270,000 in income from life insurance proceeds in excess of book value. Net income for the nine-month period ended September 30, 2020 was $6.2 million, or $0.87 per diluted share, compared to net income of $1.9 million, or $0.32 per diluted share, in the nine-month period ended September 30, 2019. Year to date income includes a $3.6 million gain on bargain purchase from the acquisition of MB Bancorp.