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EX-99 - EXHIBIT 99 - PRESS RELEASE - CECIL BANCORP INCex99.htm



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934


 
Date of Report (Date of earliest event reported)
August 16, 2013
 


Cecil Bancorp, Inc.
(Exact name of registrant as specified in its charter)


Maryland
0-24926
52-1883546
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)


127 North Street, P.O. Box 568, Elkton, Maryland
21922-0568
(Address of principal executive offices)
(Zip Code)

 
Registrant’s telephone number, including area code:
(410) 398-1650
 

Not Applicable
(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
   
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).




 
 
 
 

CECIL BANCORP, INC.

INFORMATION TO BE INCLUDED IN THE REPORT


Item 2.01.  Completion of Acquisition or Disposition of Assets

On August 16, 2013, Cecil Bank (the “Bank”), the principal subsidiary of Cecil Bancorp, Inc., completed the sale of its Aberdeen, Maryland branch office to Howard Bank, Columbia, Maryland.  In connection with the sale, the Bank sold approximately $35.1 million in deposits for which it received a premium of approximately $240,000.  Howard Bank also purchased the branch premises and equipment at their book value.  As part of the transaction, Howard Bank acquired approximately $37.3 million in loans from the Bank at their face amount.  A press release announcing the completion of branch purchase is attached as Exhibit 99.1 and incorporated by reference herein.

Item 9.01.  Financial Statements and Exhibits

(d) Exhibits:            The following exhibits are filed with this report.

99.1           Press Release, dated August 19, 2013









 
 

 

SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


   
CECIL BANCORP, INC.
 
 
 
Date:  August 19, 2013
 
By:
/s/ Mary B. Halsey
     
Mary B. Halsey
Vice Chairman and Chief Operating Officer