Hale announced the creation of the Major Arena Soccer League at a news conference at Canton Dockside restaurant, a 24-team operation that includes teams from the Major Indoor Soccer League and the Professional Arena Soccer League.
1st Mariner's founder launched the Baltimore bank as an alternative to big, faceless, out-of-state institutions at a time when banks based somewhere else had rapidly gobbled up 30 percent of the Maryland market. Now out-of-state banks control 80 percent of the pie. But that change hasn't dampened the enthusiasm 1st Mariner's new buyers feel for the institution.
An all-out battle over Baltimore's last major independent bank broke out Monday in a contentious court hearing, leaving a judge to decide — potentially later this week — whether the institution is sold to an investment group with local ties or a Pennsylvania bank.
The Baltimore Blast, along with five other former Major Indoor Soccer League teams, have reached an agreement to partner with teams from the Professional Arena Soccer League to create a new league that is expected to consist of 20-plus teams throughout North America.
National Penn Bank — a regional bank that mostly operates in Pennsylvania — emerged as the highest bidder for 1st Mariner Bank Friday, dashing the hopes of group of investors who wanted the bank to remain based in Baltimore.
The Blast has been officially released from the United Soccer Leagues and its affiliate, the Major Indoor Soccer League, and the team is working on becoming part of a new, expanded league, Blast owner Ed Hale said Wednesday.
Compensation for First Mariner Bancorp's top executive reached $495,362 last year, about double from a year ago thanks to a bonus, according to a company filing with the Securities and Exchange Commission.
Ed Hale, the Baltimore developer and former CEO of First Mariner Bancorp, on Monday filed a $5 million lawsuit against the operators of 1st Mariner Arena, alleging the company is illegally using billboards that belong to him.
Citing a soured relationship with city government, Edwin F. Hale Sr., the Baltimore trucking magnate, developer and former CEO of First Mariner Bancorp, said Wednesday that he has moved his businesses to Baltimore County.
First Mariner Bancorp announced Friday that it is dropping its agreement with New York investment firm Priam Capital Fund to invest $36.4 million in the Baltimore-based bank holding company, citing improved results.
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 from scratch and has struggled in the last several years to save from failure.
The announcement this week that Chicago-based Exelon Corp. has struck a deal to take over Constellation came as something of a psychic blow. If the $7.9 billion deal is approved, and the parent of local utility BGE is absorbed , then Baltimore will lose its sole remaining Fortune 500 headquarters.
William Donald Schaefer was buried Wednesday after a warm and often humorous service attended by much of Maryland's political establishment past and present as well as citizens who felt a personal kinship to the former mayor and governor