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NEWS
August 12, 1994
Fans holding tickets to Oriole games canceled by the strike can mail them or take them to one of a number of banks for a refund.The team said today that fans can mail their tickets after Sept. 1 for any canceled August game to Baltimore Orioles, P.O. Box 29937, Baltimore, MD 21230-0937. The tickets should be sent by certified mail, and include the fan's name, address and telephone number.Fans can also refund August game tickets after Sept. 1 at all NationsBank, Maryland National Bank and American Security Bank branch offices in Maryland, Northern Virginia and Washington.
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BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | August 5, 2000
A week after Bank of America Corp. said that it would fire as many as 10,000 employees across the country, pink slips have already gone out to some of the hundreds of workers in the Baltimore area. William Couper, president of Bank of America's Baltimore region, said he did not know how many people in the area have lost their jobs, but he expected "the impact on Baltimore to be modest. We are not talking armies" of people. Bank of America employs 4,197 full-time workers in Maryland and 1,633 in Baltimore.
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BUSINESS
By David Conn and David Conn,Staff Writer | May 19, 1992
MNC Financial Inc. has named a new chairman of its South Charles Realty Corp. subsidiary and made other management shifts in the wake of Peter L. Gartman's resignation as chief financial officer and vice chairman at the end of April.According to an internal announcement last week by MNC Chief Executive Frank P. Bramble, Douglas T. Ledwith has assumed the title of chairman of South Charles Realty, the MNC unit charged with disposing of the foreclosed real estate and other troubled assets of the two main bank subsidiaries, American Security Bank and Maryland National Bank.
NEWS
August 12, 1994
Fans holding tickets to Oriole games canceled by the strike can mail them or take them to one of a number of banks for a refund.The team said today that fans can mail their tickets after Sept. 1 for any canceled August game to Baltimore Orioles, P.O. Box 29937, Baltimore, MD 21230-0937. The tickets should be sent by certified mail, and include the fan's name, address and telephone number.Fans can also refund August game tickets after Sept. 1 at all NationsBank, Maryland National Bank and American Security Bank branch offices in Maryland, Northern Virginia and Washington.
BUSINESS
May 23, 1992
Officials of MNC Financial Inc. and First Maryland Bancorp disputed reports yesterday that some of their bank subsidiaries have capital levels that are too low to allow them to secure brokered deposits.Under regulations issued this week by the Federal Deposit Insurance Corp. only well-capitalized banks are allowed to accept or renew brokered deposits, whose owners can move them quickly from bank to bank in search of the highest interest rates.A second tier of banks that are just adequately capitalized may seek a waiver from the FDIC to secure the brokered deposits, so called because they go through brokers.
BUSINESS
By Peter H. Frank | December 18, 1991
MNC Financial Inc. is pulling the plug on one of its best-loved, but least-used, services.Maryland National Bank's Bankline Money Manager and a similar product at its sister American Security Bank in Washington allowed customers to transfer funds and pay bills over the phone. They will be discontinued at the end of the year, the banking company said."The people who loved it really loved it, but not enough people loved it," said T. Christian Armstrong, a senior vice president at the banking company.
BUSINESS
October 1, 1990
MNC Financial Inc. has formally locked into place a previously announced, $750 million line of credit that the Baltimore-based company is expected to use to meet short-term funding requirements.The 18-month line of credit, part of an infusion of capital designed to help the troubled bank holding company's equity position, is being funded by a syndicate of nine banks led by Morgan Guaranty Trust Co., of New York.MNC spokesman Daniel Finney described the new credit as a "back up" for the company's commercial paper.
BUSINESS
By Kelly Gilbert and Kelly Gilbert,Evening Sun Staff | May 13, 1991
Disgruntled stockholders have renewed their bid for damages from MNC Financial Inc., its top officers and two former board members in a federal lawsuit that replaces three class-action suits a judge threw out of court in January.Richard D. Greenfield, the lead plaintiffs' attorney in Pennsylvania, said the 125-page complaint filed in U.S. District Court here is "a new, improved version" of the ones dismissed by Judge Frederick N. Motz.The new suit seeks unspecified damages.Motz ruled that the old suits, which alleged securities fraud, lacked "particularity" and were based on "suspicion" in what appeared to be an attempt to use the civil discovery process to find evidence to support the claims.
BUSINESS
By Peter H. Frank | February 5, 1991
Four directors of Maryland's largest bank holding company, MNC Financial Inc., have stepped down in recent days, soon after the company skirted a severe financial crunch, according to company sources.The resignations brought the total number of MNC board members to resign over the past five months to six, leaving 22 directors on the board.According to two directors and other high-ranking MNC sources, who declined to be identified because of the sensitivity of the issue, the four board members who recently resigned are:* George L. Bunting Jr., chairman of Noxell Corp.
BUSINESS
By Ross Hetrick and Ross Hetrick,Evening Sun Staff | January 10, 1991
Facing the repayment of half a billion dollars of debt next week, MNC Financial Inc. saw its stock drop to is lowest point yesterday, falling 50 cents to $1.87 1/2 a share.In early afternoon trading today, the price was $2, up 1/8 .Besides its looming debt problem, analysts also blamed the decline on the continuing fallout from the takeover of Bank of New England on Sunday by the federal government.Along with its stock, MNC's 9.375 percent subordinated capital notes, due in 1997, dropped 8 points to 21.MNC is the parent company of Maryland National Bank and American Security Bank in Washington.
BUSINESS
By David Conn and David Conn,Staff Writer | February 8, 1993
On an otherwise bare coffee table in Susan C. Keating's office rests a book called "This Job Should Be Fun!"For Ms. Keating, an executive vice president at MNC Financial Inc., the job has been fun, even during the worst of MNC's financial problems in the last three years. But now, the head of MNC's retail, or consumer, banking operations may have to go back to the book.Late last month MNC's chief executive, Frank P. Bramble Sr., decided to restructure MNC, parent of Maryland National and American Security banks.
BUSINESS
By David Conn and David Conn,Staff Writer | January 29, 1993
MNC Financial Inc. has restructured two of the company's major banking divisions, terminating or relieving several high-ranking employees of their duties and handing one of the company's highest operating positions to the woman who headed retail banking.Under the reorganization carried out last week and described yesterday by several employees, the commercial banking division, formerly run by Executive Vice President Hugh A. Woltzen, has been merged with the retail division, headed by Executive Vice President Susan C. Keating.
BUSINESS
By David Conn and David Conn,Staff Writer | July 26, 1992
There's a story making the rounds in local real estate and banking circles: The nation's mayors recently gathered for a prayer breakfast, and David Dinkins of New York asked the Lord to ensure his re-election by ridding the city of crime."
BUSINESS
May 23, 1992
Officials of MNC Financial Inc. and First Maryland Bancorp disputed reports yesterday that some of their bank subsidiaries have capital levels that are too low to allow them to secure brokered deposits.Under regulations issued this week by the Federal Deposit Insurance Corp. only well-capitalized banks are allowed to accept or renew brokered deposits, whose owners can move them quickly from bank to bank in search of the highest interest rates.A second tier of banks that are just adequately capitalized may seek a waiver from the FDIC to secure the brokered deposits, so called because they go through brokers.
BUSINESS
By David Conn and David Conn,Staff Writer | May 19, 1992
MNC Financial Inc. has named a new chairman of its South Charles Realty Corp. subsidiary and made other management shifts in the wake of Peter L. Gartman's resignation as chief financial officer and vice chairman at the end of April.According to an internal announcement last week by MNC Chief Executive Frank P. Bramble, Douglas T. Ledwith has assumed the title of chairman of South Charles Realty, the MNC unit charged with disposing of the foreclosed real estate and other troubled assets of the two main bank subsidiaries, American Security Bank and Maryland National Bank.
BUSINESS
By Peter H. Frank | December 18, 1991
MNC Financial Inc. is pulling the plug on one of its best-loved, but least-used, services.Maryland National Bank's Bankline Money Manager and a similar product at its sister American Security Bank in Washington allowed customers to transfer funds and pay bills over the phone. They will be discontinued at the end of the year, the banking company said."The people who loved it really loved it, but not enough people loved it," said T. Christian Armstrong, a senior vice president at the banking company.
BUSINESS
By Peter H. Frank | January 1, 1991
Provident Bankshares Corp. said yesterday that beginning next year it would declare dividends after the end of each quarter rather than during the quarter so that directors can see the company's earnings before deciding on a payout to shareholders.The Baltimore-based banking company, parent of Provident Bank of Maryland, said the regular 10-cent-a-share dividend for 1990's final three months was the last to be mailed at the end of a quarter.Future payments will be mailed within 30 days of the board's dividend decisions, which are scheduled for April, July, October and January, the company said.
BUSINESS
By Kelly Gilbert and Kelly Gilbert,Evening Sun Staff | May 13, 1991
Disgruntled stockholders have renewed their bid for damages from MNC Financial Inc., its top officers and two former board members in a federal lawsuit that replaces three class-action suits a judge threw out of court in January.Richard D. Greenfield, the lead plaintiffs' attorney in Pennsylvania, said the 125-page complaint filed in U.S. District Court here is "a new, improved version" of the ones dismissed by Judge Frederick N. Motz.The new suit seeks unspecified damages.Motz ruled that the old suits, which alleged securities fraud, lacked "particularity" and were based on "suspicion" in what appeared to be an attempt to use the civil discovery process to find evidence to support the claims.
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