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First Mariner Bancorp

A collection of news and information related to First Mariner Bancorp published by this site and its partners.

Top First Mariner Bancorp Articles

Displaying items 1-12
  • 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...
  • Two bidders will vie for 1st Mariner Bank

    Two bidders will vie for 1<sup>s</sup><sup>t</sup> Mariner Bank
    1st Mariner Bank, Baltimore's largest independent bank, will go to auction Thursday morning with two bidders vying for the bank. Parent company First Mariner Bancorp is selling the bank as part of the parent's Chapter 11 bankruptcy, filed Feb. 10. The...
  • 1st Mariner Bank heads to auction

    1st Mariner Bank heads to auction
    The future of 1st Mariner, Baltimore's largest independent bank, could be decided this week. A bankruptcy judge approved First Mariner Bancorp's request last month to sell its bank as part of the parent company's Chapter 11 bankruptcy filing. Bids for...
  • First Mariner swung to loss in 2013

    First Mariner swung to loss in 2013
    First Mariner Bancorp's losses mounted last year before the parent of 1st Mariner Bank filed for bankruptcy protection in February. The bank itself is not included in the Chapter 11 bankruptcy, and its Baltimore-based parent has stressed that bank...
  • 1st Mariner Bank buyers close on sale

    1st Mariner Bank buyers close on sale
    Investors who tried for years to get a stake in 1st Mariner Bank have closed on their purchase of the Baltimore institution. New CEO Jack E. Steil and president Robert D. Kunisch Jr. said Wednesday that the deal was finalized Tuesday night. The...
  • First Mariner says stock to be delisted in June

    First Mariner says stock to be delisted in June
    First Mariner Bancorp's days of publicly traded stock are coming to an end. The Baltimore-based company said in a U.S. Securities and Exchange Commission filing Monday that it expects its stock will be delisted from the OTC Bulletin Board as soon as...
  • 1st Mariner buyers win regulatory approval

    1st Mariner buyers win regulatory approval
    The investors buying 1st Mariner Bank said Monday that they've received the regulatory approvals they need and expect to close on the deal as soon as next week, turning the page on the Baltimore institution's most tumultuous chapter. The purchasers &#...
  • First Mariner Bancorp stock to continue trading despite reporting error

    First Mariner Bancorp stock to continue trading despite reporting error
    First Mariner Bancorp corrected a week-old filing with the Securities and Exchange Commission to say that its stock would continue trading and likely be listed on the over-the-counter "Pink Sheets." The parent company of 1st Mariner Bank said its June...
  • 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...
  • 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. The group of investors, a mix of locals and out-of-state...
  • Conflict-of-interest questions raised in 1st Mariner fight

    Conflict-of-interest questions raised in 1st Mariner fight
    High finance is a small world, just as Baltimore is a small town, and it showed as potential conflicts of interest cropped up during a fight over ownership of the city's biggest local bank. Two groups bid for 1st Mariner Bank in an April 10 auction, held...
  • 1st Mariner Bank to be sold to investors

    1st Mariner Bank to be sold to investors
    The parent company of 1st Mariner Bank said Monday that it has signed a deal to sell the bank after years of regulatory demands that it increase its capital, potentially ending the company's long struggle to right itself after the mortgage crisis. A...