Five Md. banks that got bailouts miss dividend payments

September 17, 2010|By Hanah Cho, The Baltimore Sun

Five Maryland-based banks that received bailout money missed dividend payments to the federal government in August, according to data compiled by SNL Financial.

They were among 115 banks and thrifts across the country that did not make the August payments, said SNL Financial in a report released Friday.

In Maryland, Patapsco Bancorp in Dundalk; Rising Sun Bancorp in Cecil County; Cecil Bancorp in Elkton; Harbor Bankshares in Baltimore, and Maryland Financial Bank in Towson deferred the most recent quarterly payments.

August was the fourth time Maryland Financial Bank and Rising Sun Bancorp missed making a dividend payment.

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