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BGE to establish lines of credit at minority and community-owned banks

BGE officials said the company has a long history of supporting minority-owned businesses.
BGE officials said the company has a long history of supporting minority-owned businesses. (Algerina Perna, Baltimore Sun)

Baltimore Gas and Electric and its parent company, Exelon Corp. will take out $123 million in lines of credit at 31 minority and community-owned banks, including two in Maryland, the company announced Monday.

The company says its program to establish lines of credit with minority and community banks was established in 2003 and is mutually beneficial. The banks are located in BGE and Exelon's supplier areas, and the two banks in Maryland are The Harbor Bank of Maryland in Baltimore and Industrial Bank in Prince George's County.

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BGE officials said the company has a long history of supporting minority-owned businesses.

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