A pair of longtime Baltimore lenders, Rosedale Federal Savings & Loan Association and Midstate Community Bank in Rodgers Forge, are planning to merge.
The two firms jointly announced yesterday that Midstate, which operates out of one location at York Road and Regester Avenue, will become part of Rosedale Federal. They said the transaction will expand Rosedale Federal’s “footprint” in the community and complement its growth, and that it will offer Midstate’s customers a larger banking network and more banking options.
The announcement came a month after the death of Kathryn “Kitty” Gerling, 95, who rose from a teller to become Midstate’s longtime president. She was succeeded by her son, N. Alan Anthony, and daughter, Nancy Gerling, who are planning to retire. Midstate traces its roots to 1884, and the merger means that the Baltimore market will have one fewer less institution.
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