Schaefer aide Wasserman to join Bank of Baltimore

January 11, 1995|By Jay Hancock | Jay Hancock,Sun Staff Writer

Mark L. Wasserman, who spun a city-planning degree into a career that touched the top levels of state government, said yesterday that his next job will be helping to drum up customers for First Fidelity Bank's Bank of Baltimore division.

One of Gov. William Donald Schaefer's closest aides, Mr. Wasserman will become vice president and manager of business and government affairs for the bank on Jan. 23.

As now understood, his duties will consist mainly of helping to boost the Bank of Baltimore's commercial loan portfolio from its present 8 percent of assets.

"This is very much a work in progress," said Mr. Wasserman, 45, who has been secretary of the Maryland Department of Economic and Employment Development since 1991.

"The bank has been very gracious. My impression is they've constructed a position around me and my strengths and experiences," he said.

As the former top state official charged with luring new companies to Maryland and assisting the ones already here, Mr. Wasserman should have a wealth of acquaintances from whom to seek business.

"I'm packing my Rolodex," he said, chuckling.

He's also expected to try to sell cash-management and deposit services to Maryland cities and counties.

Lobbying activities "might be an incidental part of his job, but his primary focus will be business development," said Joseph A. Cicero, vice chairman and chief operating officer of the Bank of Baltimore, which was purchased by New Jersey-based First Fidelity Bank last year.

Mr. Wasserman will report to Alan M. Leberknight, chief commercial banking officer and president of the Bank of Baltimore division. He also will work with Jerome D. Greco, senior vice president at Fidelity and head of public affairs and government relations for the bank.

Mr. Wasserman started his career as a planner with the city of Baltimore in 1974. He became the city's physical development coordinator in the early 1980s when Mr. Schaefer was mayor, and then directed Mr. Schaefer's successful first gubernatorial campaign in 1986.

He was Mr. Schaefer's executive chief of administration and director of the governor's programs office before joining the economic development department.

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