Revere Bank has entered an agreement to buy BlueRidge Bank that will bring the bank's value to $1 billion in assets. J. Brian Gaeng, president and CEO of BlueRidge, will join Revere's executive management team and its board of directors. Two existing members of the BlueRidge board of directors will join Revere's board of directors.

A new advisory board will oversee the Frederick region and all current members of the BlueRidge board will be invited to join that board. Revere will maintain BlueRidge's Baltimore Region Advisory Board.