Advertisement
HomeCollectionsBaltimore Bank
IN THE NEWS

Baltimore Bank

FEATURED ARTICLES
NEWS
October 27, 1991
A Baltimore bank has appealed a jury decision saying it should pay the former owners of Sherwood Square mall in Westminster $8.6 million in damages.The case will be heard in the Court of Special Appeals, court officials said. A hearing date has not been set.In May, a Baltimore County jury found that Fairfax Savings Association defrauded Charles Ellerin of Boca Raton, Fla., and Louis Seidelof Baltimore by inserting provisions into loan documents without thepartners' knowledge.In 1982, the partners borrowed $5.7 million from Fairfax to buy Sherwood Square and renovate it. They were unsuccessful with the project, and in 1985 they filed for bankruptcy.
ARTICLES BY DATE
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | June 9, 2014
The investors buying 1st Mariner Bank said Monday that they've received the regulatory approvals they need and expect to close on the deal as soon as next week, turning the page on the Baltimore institution's most tumultuous chapter. The purchasers — who go by the name RKJS Bank — said they will put about $91 million in cash into the bank to recapitalize it, "significantly improving the strength of its balance sheet. " The Federal Deposit Insurance Corp. and Maryland's financial regulation agency both approved the transaction.
Advertisement
NEWS
March 6, 2002
Frederick W. Lafferty, 71, Baltimore bank officer Frederick Wayne Lafferty, a retired Baltimore bank officer and foundation director, died Friday of heart failure related to lung cancer at Broward General Memorial Hospital in Fort Lauderdale, Fla. The Roland Park resident was 71. He retired in 1996 after nearly a decade as executive director of the Baltimore-based philanthropic group, the France-Merrick Foundation. Earlier, he headed credit card operations for the Equitable Trust Co. Family members said that while he was active in the American Bankers Association, he helped select the name Visa to replace BankAmericard.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | April 20, 2014
The founder of 1st Mariner launched the Baltimore bank as an alternative to big, faceless, out-of-state institutions at a time when banks based elsewhere had rapidly gobbled up 30 percent of the Maryland market. Now - 19 years and many acquisitions later - out-of-state banks control 80 percent of the pie. That change hasn't dampened the enthusiasm 1st Mariner's new owners feel for the bank. Just the opposite. The purchasing group with local ties, approved as the bank's winning bidder Tuesday by a federal bankruptcy judge, makes the same argument now that founder Edwin F. Hale Sr. offered in 1995: Baltimore needs this bank.
NEWS
February 4, 2003
Elizabeth K. Wilson, a retired bank officer, died Saturday of a cerebral hemorrhage at Bonnie Blink, the Maryland Masonic Home in Hunt Valley. The former Tuscany-Canterbury resident was 102. Born Mary Elizabeth Kirwan and raised in East Baltimore, she was a 1918 graduate of Eastern High School. Family members said she recalled seeing her first horseless carriage on East Baltimore Street. Her father raised her on his shoulders to observe the 1904 Baltimore fire. About 1920, she became a clerk at Eutaw Savings Bank.
NEWS
By From Staff Reports | May 5, 1995
A teen-ager was arrested, and several other young males were being sought yesterday in connection with the armed holdup of a NationsBank in which two employees were handcuffed together, city police said.A teller was opening a side door to the bank in the 4900 block of Patterson Ave. -- south of Reisterstown Road Plaza in Northwest Baltimore -- about 8:40 a.m. when she was confronted by a robber armed with a .38-caliber handgun, police said.The robber ordered the teller to lie on the floor, then told another employee to open the safe, police said.
NEWS
By Peter Hermann and Peter Hermann,SUN STAFF Sun staff writer Alisa Samuels contributed to this article | June 15, 1996
Robbers armed with nothing more than threatening notes held up four Baltimore banks yesterday, moving the city to the record-breaking levels of 1993 that sent worried bank executives scrambling for solutions.Two banks were robbed in the suburbs -- one in Howard County by a woman who claimed to have a bomb, and one in a Baltimore County mall by a man who hinted he was armed.The city holdups -- three at NationsBank branches -- pushed the number of Baltimore bank robberies to 50 this year. The worst year was 1993, when 116 holdups were reported.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | January 31, 2013
First Mariner Bancorp reported Thursday it earned about $1.6 million in the fourth quarter, the fourth quarter in a row that the Baltimore parent of 1 s t Mariner Bank posted a profit. First Mariner Bancorp reported Thursday that it earned about $1.6 million in the fourth quarter thanks largely to its mortgage business, making this the fourth quarter in a row that the Baltimore parent of 1st Mariner Bank posted a profit. For the corresponding quarter a year ago, First Mariner lost nearly $4 million.
NEWS
The Baltimore Sun | April 8, 2012
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.
BUSINESS
By From Baltimore Sun news services | March 21, 2009
Edward "Ned" Kelly III, the former Mercantile Bankshares Corp. executive who shepherded the sale of the Baltimore bank to PNC Financial Services Group two years ago, was named chief financial officer of Citigroup yesterday, the latest move in a major management reshuffling at the struggling bank. Kelly, who has been serving as New York-based Citi's head of global banking, will replace Gary Crittenden, who is moving to a newly created role of chairman of Citi Holdings. The changes come after the company announced earlier this year that it was splitting into two divisions, with Citi Holdings in charge of noncore businesses such as government-backed risky assets and the Baltimore-based consumer lending arm CitiFinancial.
NEWS
By Justin Fenton, The Baltimore Sun | March 28, 2014
The FBI Violent Crimes Task Force is looking for a man who they believe has robbed three area Wells Fargo banks in the span of five days. The FBI said in a news release that the most recent robbery occurred Friday afternoon at the Wells Fargo in the 1700 block of E. Northern Parkway.  Before that, authorities believe he held up a Wells Fargo in the 800 block of N. Rolling Road in Catonsville on Monday, and a branch in the 6300 block of York...
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | March 10, 2014
A bankruptcy judge approved First Mariner Bancorp's request to auction off its Baltimore bank quickly, a process that drew heated objections from creditors and the U.S. trustee. Judge David E. Rice set the deadline to bid on 1st Mariner Bank for April 7, with the auction to be held three days later if any bids come through. In an order filed over the weekend, he wrote that the bank's parent company "articulated good and sufficient reasons" for the timing and other procedures. The bank isn't part of the bankruptcy case, and its parent has stressed that bank deposits, contracts and other business will not be affected.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | February 16, 2014
The deal to buy 1st Mariner Bank started with an irresistible offer - to two men who had nothing to do with the company. Howard Feinglass, a Baltimore native running a New York investment firm, saw potential in the struggling bank headquartered near Canton's waterfront. He wanted to help recapitalize it in exchange for part ownership. And he wanted local bankers Jack E. Steil and Robert D. Kunisch Jr. on board. He asked them at an ideal time, just as the bankers' employer was getting bought out by a bigger player for the second time in their careers.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | February 10, 2014
The parent company of 1st Mariner Bank said Monday that it has signed a deal to sell the bank after years of regulatory demands that it increase its capital, potentially ending the company's long struggle to right itself after the mortgage crisis. A group of investors, many with local ties, have agreed to buy the Baltimore bank — the largest based in the region — and recapitalize it with about $100 million. First Mariner Bancorp, the parent company, said it filed for Chapter 11 bankruptcy protection Monday afternoon in Baltimore federal court to "facilitate the transaction.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | May 31, 2013
At one point during the three years that Harbor Bank of Maryland operated under heightened federal scrutiny, a regulator asked CEO Joseph Haskins Jr. why he stuck it out. Why not just retire? But for Haskins, one of the founders of the Baltimore bank in 1982, walking away was not an option. "I've grown up not running from a challenge, but facing it head on and looking to find a solution," said Haskins, 65. "And so, it isn't in my DNA to wilt under pressure. In fact, it only strengthens my resolve.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | January 31, 2013
First Mariner Bancorp reported Thursday it earned about $1.6 million in the fourth quarter, the fourth quarter in a row that the Baltimore parent of 1 s t Mariner Bank posted a profit. First Mariner Bancorp reported Thursday that it earned about $1.6 million in the fourth quarter thanks largely to its mortgage business, making this the fourth quarter in a row that the Baltimore parent of 1st Mariner Bank posted a profit. For the corresponding quarter a year ago, First Mariner lost nearly $4 million.
BUSINESS
By Hanah Cho, The Baltimore Sun | November 15, 2010
First Mariner Bank needs to raise its capital level by at least $20.9 million to comply with federal regulators, according to regulatory documents filed Monday. Baltimore's largest independent financial institution has been under federal orders to raise its capital levels for over a year. While the bank's parent First Mariner Bancorp raised $25 million since October 2009, the bank fell short of meeting a key capital target by a June 30 deadline imposed by regulators – and still does not meet that goal as of Sept.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | April 20, 2014
The founder of 1st Mariner launched the Baltimore bank as an alternative to big, faceless, out-of-state institutions at a time when banks based elsewhere had rapidly gobbled up 30 percent of the Maryland market. Now - 19 years and many acquisitions later - out-of-state banks control 80 percent of the pie. That change hasn't dampened the enthusiasm 1st Mariner's new owners feel for the bank. Just the opposite. The purchasing group with local ties, approved as the bank's winning bidder Tuesday by a federal bankruptcy judge, makes the same argument now that founder Edwin F. Hale Sr. offered in 1995: Baltimore needs this bank.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | November 9, 2012
First Mariner Bancorp announced Friday that it is dropping out of an agreement that called for Priam Capital Fund I, a New York investment firm, to invest $36.4 million in the Baltimore-based bank holding company. "Circumstances of the bank have changed considerably since we entered into the agreement over a year and a half ago, and the board of directors believed it was in the best interest of the company to withdraw from the agreement at this time," said CEO Mark A. Keidel in a statement.
NEWS
By Gus G. Sentementes, The Baltimore Sun | April 9, 2012
The parent of 1st Mariner Bank said Monday that it took a minority stake in a small Cecil County bank after a customer defaulted on a loan — not as part of an acquisition strategy. 1st Mariner Bancorp. declined to identify the customer who lost nearly 25 percent of Cecil Bancorp's total shares to 1st Mariner in a collateral claim on a bad loan. The only person with such a significant stake in Elkton-based Cecil is its chairman, Charles F. Sposato, according to regulatory filings.
Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.