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First Mariner reports another profitable quarter
For the second quarter in a row, First Mariner Bancorp reported a profit, thanks to low interest rates, which have triggered a burst of mortgage lending. The Baltimore-based parent of 1st Mariner Bank announced Thursday that it earned $5.7 million in the...Tags: Companies and Corporations, Mortgages, Finance, Corporate Officers, Financial and Business Services
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Retired First Mariner CEO sells 1 million shares of stock
First Mariner Bancorp's newly retired chief executive told regulators that he sold just over 1 million shares of company stock this week — for a grand total of $21,084. Edwin F. Hale Sr., who founded the Baltimore parent of 1st Mariner Bank, said...Tags: Companies and Corporations, Companies and Corporations, Ed Hale
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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...Tags: Realty, Bears Stearns Cos., Real Estate Sellers, Mercantile Bankshares Corp., Wilmington Trust Company
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New energy firm headquarters could alter city skyline
Exelon Corp.'s pledge to build a new Baltimore headquarters as part of its proposed buyout of Constellation Energy could alter the city's skyline, injecting fresh life into the traditional downtown business district or further expanding the waterfront...Tags: Realty, Fells Point, Harbor East, Laureate Education Inc., Educate Incorporated
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TSA often seizes weapons at BWI
Among the knives, real and toy pistols, and other dangerous weapons seized at BWI Marshall Airport, this one stood out: A curving 7-inch arc of jagged teeth with a brass knuckle-style grip.
A blogger for the Transportation Security Administration...Tags: Social Media, Punishment, BWI Thurgood Marshall Airport, Bob Burns, Glen Burnie
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First Mariner Bancorp reports quarterly profit
First Mariner Bancorp reported Wednesday its first quarterly profit in five years, a sign of progress for the Baltimore institution struggling to raise capital and avoid a federal takeover. The company earned $1.8 million for the first three months of...Tags: Companies and Corporations, Mortgages, Real Estate, Financial and Business Services, Quarterly or Semiannual Financial Statements
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First Mariner loses nearly $4 million in fourth quarter
First Mariner Bancorp said Monday that it lost almost $4 million during the three months ending Dec. 31, about the same as a year earlier after accounting for a one-time tax charge in the fourth quarter of 2010. It was the 19th straight quarter in the...Tags: Companies and Corporations, Companies and Corporations
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Hale is retired from bank, but he's not out of business
EASTON – Shortly before sunrise, Edwin F. Hale Sr. scatters decoys on the water, preparing for a day of waterfowl hunting on his Talbot County farm.
The day dawns cloudy, a good sign because ducks and geese fly low under clouds, Hale says, as he...Tags: Realty, Visit Baltimore, Benjamin L. Cardin, Apple iPhone, Domestic Travel
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Investors should sell their losers now to reap a tax break
Jim Loukota of Baltimore County is trying to make the best of a soured investment. The 60-year-old retired electrician owns 100 shares of First Mariner Bancorp that he bought for about $14.50 per share in the late 1990s and closed Monday a little over...Tags: Companies and Corporations
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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,...Tags: Companies and Corporations, Citigroup Incorporated, Ed Hale
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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. The clause that prevented First Mariner from soliciting... -
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. First Mariner faced a Sept. 1 deadline to raise nearly $124 million. The...Tags: Ed Hale
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