History

BayVanguard Bank was originally formed in 1873 as Light Street Saving and Building Association of Baltimore City and has grown and completed many mergers over the years.  In 1996, the Bank merged with Vanguard Federal Savings and Loan Association and changed its name to Bay-Vanguard Federal Savings Bank.  In 2005, the Bank converted to stock and formed BV Financial, Inc. as its holding company and sole shareholder.  Simultaneously, Bay-Vanguard MHC was formed to be the majority shareholder of the Company.  Bay-Vanguard MHC is 100% owned by the depositors of the Bank.  In 2013, The Bank acquired Vigilant Federal Savings Bank.  In 2018, the Bank converted to a state-chartered institution and changed its name once more to its current name, BayVanguard Bank.  In 2019, the Bank acquired Kopernik Bank and gained Timothy Prindle as a Co-President and CEO with David Flair.  In 2020, the Bank acquired Madison Bank of Maryland and 1880 Bank.  On January 1, 2022, the Bank merged with North Arundel Savings Bank.  The Bank currently operates 15 branch locations throughout Maryland and employs a staff of 107.