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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 13-24
  • 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...
  • Time running out for First Mariner Bancorp to postpone interest payments to investors

    Time running out for First Mariner Bancorp to postpone interest payments to investors
    First Mariner Bancorp faces a year-end deadline to pay millions in interest or risk default. The company's weak finances and the regulatory constraints on its bank, 1st Mariner Bank, leave the Baltimore-based holding company with few options, said...
  • 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...
  • Now an outsider, Ed Hale wants to clear the air

    Now an outsider, Ed Hale wants to clear the air
    Ed Hale wants to buy the Baltimore Arena, but the city said the aging facility is not for sale. Two years after his departure from First Mariner Bancorp, the bank he launched and turned into the city's largest, Hale finds himself on the outside...
  • First Mariner to close two more branches

    First Mariner to close two more branches
    First Mariner Bancorp, parent of 1st Mariner Bank, said it is closing two branches early next year, leaving the Baltimore-based bank with 16 branches. The bank plans to merge its Arbutus branch into one at Woodlawn, while consolidating an Easton...
  • First Mariner reports $7.4 million loss in third quarter

    First Mariner reports $7.4 million loss in third quarter
    First Mariner Bancorp on Friday reported a $7.4 million loss in the third quarter, which the Baltimore-based company blamed on a steep increase on interest rates that dampened its mortgage business. The loss amounts to 38 cents per share, compared...
  • Joe Flacco is Super Bowl MVP, but can he bring in super dollars?

    Joe Flacco is Super Bowl MVP, but can he bring in super dollars?
    Joe Flacco woke up groggy Monday after partying late into the night, hanging out with Jay-Z and Beyonce as he celebrated the game of his career. Early in the day, the Ravens quarterback received keys to a 2014 Corvette Stingray, the prize for being...
  • First Mariner withdraws from Priam Capital deal

    First Mariner withdraws from Priam Capital deal
    First Mariner Bancorp announced Friday that it is dropping out of an agreement that called for Priam Capital Fund I, a New York investment firm, to invest $36.4 million in the Baltimore-based bank holding company. "Circumstances of the bank have...
  • So long, 1st Mariner. Welcome back, Baltimore Arena

    So long, 1st Mariner. Welcome back, Baltimore Arena
    Good thing they held on to that baltimorearena.com Web address. What until this week had been known as 1st Mariner Arena, Baltimore's largest concert and indoor sports venue, is officially dropping the reference to 1st Mariner Bank from its name and...
  • First Mariner reports $1.48 million loss

    First Mariner reports $1.48 million loss
    First Mariner Bancorp blamed rising interest rates and a slowdown in refinancings for its $1.48 million second quarter loss. On a per share basis, the Baltimore-based parent of 1st Mariner Bank, lost 8 cents in the quarter ended June 30. For the April-...
  • M&T Bank executive named chair of Baltimore Convention and Tourism Board

    M&T Bank executive named chair of Baltimore Convention and Tourism Board
    M&T Bank Corp. executive Atwood "Woody" Collins III has succeeded Edwin F. Hale Sr. as chair of the Baltimore Convention and Tourism Board, city officials said Monday. The appointment of Collins, an executive vice president of M&T, became effective...