First Mariner Bank acquires 25% stake in Cecil Bancorp

Baltimore bank acquires 1.8 million shares, according to SEC filing

April 08, 2012|The Baltimore Sun

First Mariner Bank, the Baltimore-based institution that is under regulatory oversight, has acquired 1.8 million shares in Cecil Bancorp Inc., according to documents filed Friday with the Securities and Exchange Commission.

The purchase represents a nearly 25 percent stake in Elkton-based Cecil Bancorp, the parent of Cecil Bank.

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