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Financial woes of First Mariner

Baltimore Sun

The fight to pull First Mariner Bancorp from the brink has taken its toll on Edwin F. Hale Sr., the bank's founder and chief executive officer. Hale, a larger-than-life Baltimore personality, has taken steps to shore up the bank's finances and his own. He said he avoided personal bankruptcy because he feared that would have sparked a run on the bank and jeopardized the jobs of 800 employees. These are some key numbers behind the story of Hale, who is pinning his hopes on a coming stock offering to raise as much as $20 million - a step considered crucial to the bank's survival.

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