First Mariner Bank, the Baltimore-based institution that is under regulatory oversight, has acquired 1.8 million shares in Cecil Bancorp Inc., according to documents filed Friday with the Securities and Exchange Commission.
The purchase represents a nearly 25 percent stake in Elkton-based Cecil Bancorp, the parent of Cecil Bank.
First Mariner Bank acquires 25% stake in Cecil Bancorp
Baltimore bank acquires 1.8 million shares, according to SEC filing
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