St Casimirs Mortgage Minute

Merger announced between Kopernik Bank and St. Casimir's Savings Bank

St. Casimir's Savings Bank will become part of Kopernik Bank under a merger announced Monday that will create a single institution with about $180 million in assets. Both are Maryland-chartered mutual savings banks. Kopernick, located on Eastern Avenue, was founded in 1924 as Kopernik Building and Loan Association of Baltimore City and specializes in personal and business banking, home loans and commercial real estate lending.

 St. Casimir's was started as a building and loan institution in 1911 by a group of businessmen who would meet in a tavern on Fait Avenue to grant lines of credit, home loans and business financing to immigrants. The bank has four branches in Baltimore, on Eastern Avenue, Erdman Avenue, North Point Road and Foster Avenue in Canton.

"The combination of our two institutions will allow us to better serve our communities," said Timothy Prindle, president and CEO of Kopernik Bank, in the announcement.

Under the merger agreement, St. Casimir's CEO and president, Ronald D. Jasion, will become a senior vice president of Kopernik. Two directors of St. Casimir's will join Kopernik's board of directors.