BV Financial, Inc. operates as the holding company for Bay-Vanguard Federal Savings Bank (bank) that provides various financial services in Maryland. The bank engages in generating deposits and originating loans. Its deposit products include checking accounts, NOW and money market accounts, passbook and savings accounts, and certificates of deposit. The bank’s loan portfolio includes one-to four-family real estate, mobile home, construction, multifamily and commercial real estate, and consumer loans. As of December 21, 2007, Bay-Vanguard Federal operated a main office in Baltimore Maryland, as well as four other branches in the Baltimore metropolitan area. The company was incorporated in 1873 and is headquartered in Baltimore Maryland.