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Banking

A collection of news and information related to Banking published by this site and its partners.

Top Banking Articles see all

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  • Group with local ties wins battle to buy 1st Mariner

    Group with local ties wins battle to buy 1st Mariner
    In a surprising reversal, last week's losing bidder for 1st Mariner Bank got approval Tuesday to buy it — preserving the city's largest independent bank as a Baltimore-based institution.
  • Bidders battle over 1st Mariner Bank

    Bidders battle over 1st Mariner Bank
    An all-out battle over Baltimore's last major independent bank broke out Monday in federal bankruptcy court, leaving a judge to decide — potentially later this week — whether the institution is sold to an investment group with local ties or to...

    Baltimore's titans of banking have fallen to out-of-state competitors

    Baltimore's titans of banking have fallen to out-of-state competitors
    In recent years, Maryland has seen many local banks acquired by out-of-state rivals. A little over a decade ago, the state had 139 banks based here, with 20 of them separately chartered affiliates of Mercantile-Safe Deposit & Trust Co., according to the...

    Pennsylvania bank submits highest bid for 1st Mariner

    Pennsylvania bank submits highest bid for 1st Mariner
    A regional Pennsylvania bank submitted the highest bid at the auction for Baltimore's 1st Mariner Bank in a deal that must still be approved by a federal bankruptcy court judge and banking regulators. National Penn Bank offered $19.1 million for 1st...

    Convicted Allfirst trader seeks redemption hiring others

    Convicted Allfirst trader seeks redemption hiring others
    John M. Rusnak was preparing to open a ZIPS dry cleaning business in Pasadena when a job seeker walked in from a nearby drug recovery house. The applicant had little experience, was recovering from a heroin addiction and had a misdemeanor charge on his...