March 26, 2024

On March 21, 2024, Freedom of Maryland Federal Credit Union (“Freedom of Maryland FCU”), Bel Air, Maryland, announced the signing of a definitive merger agreement with Atlantic Financial Federal Credit Union (“Atlantic Financial FCU”), Hunt Valley, Maryland, pursuant to which Atlantic Financial FCU will merge into Freedom of Maryland FCU with Freedom of Maryland FCU as the surviving entity.

Freedom of Maryland FCU has approximately $434.8 million in assets and has six offices in Baltimore and Harford Counties, Maryland.

Atlantic Financial FCU has approximately $99.6 million in assets and has two offices in Baltimore County, Maryland.

Luse Gorman is serving as legal counsel to Freedom of Maryland FCU in the transaction.  The Luse Gorman team consists of Kent Krudys, Zachary Davis, Michael Brown and Max Seltzer.

Luse Gorman has acted as counsel on more than 100 financial institutions M&A transactions during the past five years and more financial institutions M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.