Edgemere-based BayVanguard Bank acquired North Arundel Bank, a mutual savings bank located in Pasadena, Md., BayVanguard’s parent company announced Tuesday.

Customer files are expected to be converted and consolidated around March 5, as well as data processing platforms and systems, according to a press release.

“We look forward to working with the North Arundel team in delivering to all of our customers and shareholders the benefits that we expect from this transaction,” David M. Flair, a co-president and CEO of BayVanguard’s parent company, BV Financial, said in the release.

In connection with the merger, BV Financial issued 251,004 shares of its common stock to Bay-Vanguard, M.H.C., Inc., its parent mutual holding company.

As of late September last year, on a combined basis, BayVanguard Bank had approximately $835 million in assets, $713 million in deposits and $107 million in stockholders’ equity and operate from seventeen banking offices located in the Baltimore metropolitan area and the Eastern Shore of Maryland.

“We are excited to complete our acquisition of North Arundel Savings Bank and welcome their customers and employees to BayVanguard Bank,” Timothy L. Prindle, the other co-president and CEO of BV Financial, said.

Upon the closing of the transaction, Machteld V. Thomas, the former President of North Arundel Savings Bank, was added to the Boards of Directors of Bay-Vanguard, M.H.C., Inc., BV Financial, Inc. and BayVanguard Bank.