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First Mariner Bancorp must maintain stock listing on the Nasdaq Capital Market to close a cash-infusion deal with a New York investment firm and ensure its survival, according to regulatory documents filed Friday. First Mariner is appealing Nasdaq's...
First Mariner Bancorp says it has been notified by Nasdaq Stock Market that it still fails to meet the standards to remain listed on the exchange, according to documents filed with securities regulators on Friday. Nasdaq had given the Baltimore-based...
First Mariner Bancorp's bleeding increased during the second quarter as continued write-downs of real estate and bad loans left the Baltimore company with $11 million in losses. The 1st Mariner Bank parent, locked in a battle for survival, said Friday...
First Mariner Bancorp, locked in a fight for survival, suffered another setback Wednesday when its stock was delisted from the Nasdaq stock market. Starting Thursday, First Mariner shares will be traded on the over-the-counter bulletin board. The latest...
The New York investment firm that wants to invest in struggling First Mariner Bancorp said Thursday it was still committed to the deal that would provide much-needed capital for the bank. Howard Feinglass, a Baltimore native who heads Priam Capital, said...
Tags: Stock Activities
First Mariner Bancorp posted a $7.9 million loss in the third quarter as the Baltimore company continued to write down the value of distressed properties. The hemorrhaging comes as the parent of 1st Mariner Bank is seeking to raise capital and ensure its...
First Mariner Bancorp is appealing a Nasdaq Stock Market decision to delist the company's stock from the Nasdaq Capital Market. The Baltimore-based parent of 1st Mariner Bank said Thursday that it has requested a hearing, which will prevent delisting...
A key deadline for Baltimore's First Mariner Bancorp to raise at least $70.3 million passed Monday without any word on whether the company has met that fundraising goal to keep alive a capital deal that would ensure the company's survival. The parent...
Auditors have raised doubts about First Mariner Bancorp's ability to remain in business, according to financial statements that the largest Baltimore-based bank, founded by prominent businessman Edwin F. Hale Sr., filed with regulators late Thursday....
First Mariner Bancorp Chairman and CEO Edwin F. Hale Sr. said Friday that the company is continuing to try to raise capital and to work with regulators who have put the largest Baltimore-based bank under heightened scrutiny for two years. Hale was...
First Mariner Bancorp Chairman and Chief Executive Edwin F. Hale Sr.'s compensation dipped slightly to $542,825 in 2010, the namesake bank holding company said Friday. Hale's base salary remained unchanged at $522,000. He and other executives did not...
Tags: Ed Hale
Edwin F. Hale Sr. has always run headfirst into challenges. Walking away is not his style. But after years of trying to turn around the company he founded, that's what the First Mariner Bancorp chairman and chief executive agreed to do last week —...
Tags: Lawyers, Maryland, Bears Stearns Cos., Prices, Realty
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