Sun coverage: First Mariner Bancorp

First Mariner's Hale retires

8:28 PM EST, December 23, 2011

First Mariner's Hale retires

Edwin F. Hale Sr., the Baltimore trucking magnate and developer, said Friday that he has retired as chief executive and chairman of First Mariner Bancorp — the banking company he built, only to scramble in the housing market collapse and recession to save it from failure.

8:00 PM EST, December 23, 2011

Jay Hancock: Mercantile discipline could make 1st Mariner shipshape

The winds of economic destruction blow as hard in Baltimore as anywhere else. But business brainpower tends to stay anchored to the land of pleasant living.

First Mariner faces deadline to raise capital

6:53 PM EST, November 30, 2011

First Mariner faces deadline to raise capital

Seven months after First Mariner Bancorp struck a cash-infusion deal that Chairman Edwin F. Hale Sr. characterized as a "significant milestone" in the struggling Baltimore company's efforts to raise its capital levels, a second deadline has come and gone, leaving no clear picture of the bank's progress.

6:38 PM EDT, September 27, 2011

First Mariner could seek another deal or partner

First Mariner Bancorp can seek an alternative deal or partner to raise capital it needs to survive under an amended agreement with Priam Capital, according to regulatory documents filed Tuesday.

7:39 PM EDT, September 22, 2011

First Mariner has new deadline to raise money

First Mariner Bancorp said Thursday that it has extended an agreement with New York investment firm, giving the Baltimore bank more time to raise much-needed capital to survive.

6:31 PM EDT, August 31, 2011

First Mariner delisted from Nasdaq stock market

First Mariner Bancorp, locked in a fight for survival, suffered another setback Wednesday when its stock was delisted from the Nasdaq stock market.

8:34 PM EDT, August 26, 2011

Nasdaq issues another warning to First Mariner

First Mariner Bancorp says it has been notified by Nasdaq Stock Market that it still fails to meet the standards to remain listed on the exchange, according to documents filed with securities regulators on Friday.

8:23 PM EDT, July 29, 2011

First Mariner reports $11 million loss in second quarter

First Mariner Bancorp's bleeding increased during the second quarter as continued write-downs of real estate and bad loans left the Baltimore company with $11 million in losses.

Key deadline comes and goes for First Mariner

5:43 PM EDT, July 18, 2011

Key deadline comes and goes for First Mariner

A key deadline for Baltimore's First Mariner Bancorp to raise at least $70.3 million passed Monday without any word on whether the company has met that fundraising goal to keep alive a capital deal that would ensure the company's survival.

First Mariner, Hale face future without each other

April 24, 2011

First Mariner, Hale face future without each other

Edwin F. Hale Sr. has always run headfirst into challenges. Walking away is not his style.

First Mariner faces capital raising deadlines

6:09 PM EDT, April 25, 2011

First Mariner faces capital raising deadlines

First Mariner Bancorp's deal with a New York investment firm that would give the Baltimore institution a much-needed cash infusion sets two key deadlines for the company to raise additional capital, according to regulatory filings released Monday.

First Mariner chief Hale's pay down slightly in 2010

5:38 PM EDT, April 8, 2011

First Mariner chief Hale's pay down slightly in 2010

First Mariner Bancorp Chairman and Chief Executive Edwin F. Hale Sr.'s compensation dipped slightly to $542,825 in 2010, the namesake bank holding company said Friday.

Auditors raise doubts about First Mariner's future

9:33 PM EDT, March 31, 2011

Auditors raise doubts about First Mariner's future

Auditors have raised doubts about First Mariner Bancorp's ability to remain in business, according to financial statements that the largest Baltimore-based bank, founded by prominent businessman Edwin F. Hale Sr., filed with regulators late Thursday.

Hale: First Mariner working with regulators despite doubts over future

8:30 PM EDT, April 1, 2011

Hale: First Mariner working with regulators despite doubts over future

First Mariner Bancorp Chairman and CEO Edwin F. Hale Sr. said Friday that the company is continuing to try to raise capital and to work with regulators who have put the largest Baltimore-based bank under heightened scrutiny for two years.

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