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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 49-60
  • 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...
  • 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 posts another quarterly loss

    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...
  • 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...
  • First Mariner faces deadline to raise capital

    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,...
  • New energy firm headquarters could alter city skyline

    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...
  • 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...
  • First Mariner's Hale retires

    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...
  • 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...
  • 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...
  • No lights off, Hale asks

    No lights off, Hale asks
    Developer and banker Edwin F. Hale Sr. is asking a Baltimore court to stop Constellation Energy, the parent of Baltimore Gas and Electric Co., from shutting off the lights of First Mariner Tower and 15 tenants occupying the Canton Crossing building. It...
  • City's east-side renaissance spreads

    In what would be the biggest single residential development in Baltimore in recent memory, banker Edwin F. Hale Sr. plans to build more than 1,000 upscale condos, apartments and townhouses in Greektown in a project that would radically transform the...