Community Heritage Financial, Inc. (OTCPink: CMHF), the parent holding company of Middletown Valley Bank, today announced that it has closed on the previously announced acquisition of Millennium Financial Group (Mlend). Mlend will continue as an independent operation under the holding company structure.
Community Heritage Financial, Inc. is headquartered in Middletown Maryland. Its' wholly-owned subsidiary, Middletown Valley Bank, conducts full service commercial and retail banking services through seven branches located in Frederick and Washington County, Maryland. As of December 31, 2018, Middletown Valley Bank had total assets of approximately $435.6 million, total net loans of $354.1 million, total deposits of $388.5 million, and shareholders' equity of $44.9 million. For more information, visit http://www.mvbbank.com/.
Mlend is a full-service mortgage lender headquartered in Middletown, MD with locations in Crofton, Oakland and Cumberland, MD. For more information visit http://mlend.com/.
