Advertisement
HomeCollectionsBank Analyst
IN THE NEWS

Bank Analyst

FEATURED ARTICLES
BUSINESS
By Knight Ridder | June 27, 1991
CHARLOTTE, N.C. -- Bennett Brown, chairman of the C&S/Sovran Corp., will discuss a possible merger with NCNB Corp. with his bank's board of directors today -- a merger that would create the nation's second-largest bank.NCNB Corp. chairman Hugh McColl Jr., who proposed the merger earlier this week, met with his bank's directors yesterday.Both companies confirm McColl and Brown met within the last few days, though results of meeting weren't disclosed.News of the talks comes after weeks of speculation about a deal and amid reports the two sides are close to an agreement.
ARTICLES BY DATE
NEWS
By Jacques Kelly, The Baltimore Sun | July 27, 2013
Susa Kessler, a retired World Bank analyst who had fled Nazi Germany as a child, died of breast cancer complications Tuesday at Gilchrist Hospice Care. The Canton resident was 88. Born in Stuttgart, Germany, she was the daughter of Dr. Caesar Hirsch, an ear, nose and throat doctor, and Felicia Hearst. Family members said that her father heard that Adolf Hitler and his government planned to blacklist him because he was a Jew. "To avoid arrest, Dr. Hirsch sent his children to Switzerland in the company of their grandmother," said Ms. Kessler's son, John J. "Jack" Condliffe of Timonium.
Advertisement
BUSINESS
By Knight-Ridder News Service | September 22, 1993
CHARLOTTE, N.C. -- While the takeover fight for Paramount Communications Inc. had much of Wall Street in a frenzy, some investors speculated yesterday that NationsBank Corp. was back on the prowl.Yesterday, there were reports that the Charlotte-based bank company was thinking about making a bid for Providence, R.I.-based Fleet Financial Group, New England's biggest bank.The story was given a boost when stock-market commentator Dan Dorfman mentioned the possible combination on television yesterday morning, citing some remarks by First Boston Corp.
BUSINESS
By Hanah Cho and Hanah Cho,hanah.cho@baltsun.com | September 22, 2009
In the latest sign of trouble, 1st Mariner Bank said Monday that it has been placed under more intense federal supervision as Baltimore's largest independent bank continues to struggle with soured real estate loans and its inability to raise cash. The Federal Deposit Insurance Corp. and Maryland Division of Financial Regulation issued a "cease and desist" order Friday, according to documents filed Monday with the Securities and Exchange Commission, requiring 1st Mariner to devise a plan to improve its capital, liquidity and earnings and deal with problem loans.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | December 15, 1999
For the third time in four years, Mercantile Bankshares Corp.'s directors extended H. Furlong Baldwin's contract to run the state's largest independently owned banking company -- this time until Feb. 1, 2001.The directors yesterday also authorized Mercantile to buy back up to 2 million shares of its common stock, in addition to the 1.7 million shares that can be purchased under a previously announced buyback program.And they approved a quarterly dividend of 24 cents per share payable Dec. 31, to shareholders of record as of Dec. 24. The dividend matched the 24 cents paid to shareholders in September.
BUSINESS
By BLOOMBERG NEWS | October 27, 1998
NEW YORK -- Shares of Bankers Trust Corp., which acquired Alex. Brown a year ago, fell as much as 9 percent yesterday after Deutsche Bank AG Chief Executive Officer Rolf Breuer denied that Europe's second-largest bank was in discussions to purchase the seventh-biggest U.S. bank holding company.After falling as low as $61.5625, Bankers Trust closed at $62.875, down $4.Deutsche Bank is holding discussions with acquisition targets but has not held any talks with BT, Breuer said in an interview with weekly newsmagazine Der Spiegel.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | April 20, 1998
When two of the country's largest banks agreed last week to merge and create a coast-to-coast financial giant, bankers in Maryland merely shrugged.From Mercantile to Provident to Harbor Bank, the biggest banking transaction in U.S. history was viewed as a nonevent as far as its consequences on their business operations."
BUSINESS
By BLOOMBERG NEWS | August 30, 1997
CHARLOTTE, N.C. -- NationsBank Corp. yesterday agreed to buy Barnett Banks Inc. for a record $15.5 billion in stock, creating the nation's third-largest bank."
BUSINESS
By Ross Hetrick VtB | January 28, 1992
Baltimore Bancorp, the parent of the Bank of Baltimore, reported yesterday a loss of $69.6 million, or $5.46 a share, in the fourth quarter as the new management attempted to clear its books and add to reserves for possible loan losses.The quarterly results boosted the bank holding company's loss for the year to $101.5 million, or $7.96 a share, against earnings of $9 million, or 71 cents a share, for 1990. In the fourth quarter of 1990, it lost $6.5 million, or 51 cents a share.The loss pushed the bank's total capital-to-assets ratio below regulatory requirements for the first time.
BUSINESS
By Kim Clark and Kim Clark,Sun Staff Writer | July 11, 1995
Mercantile Bankshares Corp. said yesterday that its profits for the second quarter rose to $26.1 million, up 19 percent over last year's period, thanks partly to a higher-than-expected price it received for a piece of foreclosed property.The Baltimore-based bank holding company, owner of 20 community banks in Maryland, Virginia and Delaware, said its earnings in the three months that ended June 30 were equal to 55 cents a share, up from $22 million, or 46 cents a share, a year earlier.Much of the boost in income stemmed from an unexpected $2.75 million gain on the sale of an unidentified piece of Maryland commercial real estate.
BUSINESS
By William Patalon III and William Patalon III,SUN STAFF | April 16, 2002
Sandy Spring Bancorp, the parent company of Sandy Spring Bank, reported yesterday record net income for its first quarter, an achievement that underscores the bank's strength, an analyst said. "It was a very strong quarter for the company," said Adam C. Barkstrom, an analyst who follows the company for Legg Mason Inc., in Richmond, Va. "The company continues to have very solid growth." For the first quarter ending March 31, the Olney-based Sandy Spring reported record net income of $6.6 million, a 24 percent increase from the $5.3 million it earned in the same quarter last year.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | September 17, 2000
Reese F. Cropper Jr. is on vacation. He deserves one. For four pressure-packed months during the summer, the bank he runs, Calvin B. Taylor Bankshares on the outskirts of Ocean City, is as mobbed as a snowball stand on the Boardwalk. "Our transaction volume triples," said William H. Mitchell, the bank's chief financial officer, who runs the company when Cropper takes a breather. "There are constant lines on Mondays and Fridays. I think everybody feels that we are ready for it to slow down [when the vacation season ends]
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | December 15, 1999
For the third time in four years, Mercantile Bankshares Corp.'s directors extended H. Furlong Baldwin's contract to run the state's largest independently owned banking company -- this time until Feb. 1, 2001.The directors yesterday also authorized Mercantile to buy back up to 2 million shares of its common stock, in addition to the 1.7 million shares that can be purchased under a previously announced buyback program.And they approved a quarterly dividend of 24 cents per share payable Dec. 31, to shareholders of record as of Dec. 24. The dividend matched the 24 cents paid to shareholders in September.
BUSINESS
By BLOOMBERG NEWS | November 24, 1999
CLEVELAND -- KeyCorp said yesterday that it will cut 3,000 positions, or 11 percent of its jobs, in a restructuring aimed at boosting profit at the 11th-largest U.S. bank.The Cleveland-based bank expects to complete the cuts by the end of 2000. Combined with other cost-saving measures, KeyCorp said the restructuring will save the bank $170 million a year before taxes by 2002.A KeyCorp spokesman would not say where the bank is cutting jobs. He said some reductions would come through attrition over the next year.
BUSINESS
By BLOOMBERG NEWS | July 20, 1999
CHARLOTTE, N.C. -- Bank of America Corp. said yesterday that second-quarter earnings rose 2 percent at a time when the company is cutting costs and struggling to boost revenue after last year's merger of NationsBank Corp. and BankAmerica.Profit from operations at the biggest U.S. bank rose to $2.06 billion, or $1.15 a share, from $2.02 billion, or $1.13, in the year-earlier period. Charlotte-based Bank of America said its net income was $1.92 billion, or $1.07 a share, including a $145 million after-tax charge arising from the merger.
BUSINESS
By BLOOMBERG NEWS | October 27, 1998
NEW YORK -- Shares of Bankers Trust Corp., which acquired Alex. Brown a year ago, fell as much as 9 percent yesterday after Deutsche Bank AG Chief Executive Officer Rolf Breuer denied that Europe's second-largest bank was in discussions to purchase the seventh-biggest U.S. bank holding company.After falling as low as $61.5625, Bankers Trust closed at $62.875, down $4.Deutsche Bank is holding discussions with acquisition targets but has not held any talks with BT, Breuer said in an interview with weekly newsmagazine Der Spiegel.
BUSINESS
By Ross Hetrick and Ross Hetrick,Evening Sun Staff | September 12, 1990
Despite the recent financial troubles of MNC Financial Inc., the bank holding company, announced that it will keep its quarterly dividend at 29 cents per share.In a four-paragraph announcement yesterday, MNC also said that its board of directors approved a plan to sell up to $180 million of cumulative convertible stock to its biggest shareholder, Alfred Lerner, a Cleveland businessman and MNC director.MNC, Maryland's largest banking company, is the parent company of Maryland National Bank and American Security Bank in Washington.
BUSINESS
By BLOOMBERG NEWS | July 20, 1999
CHARLOTTE, N.C. -- Bank of America Corp. said yesterday that second-quarter earnings rose 2 percent at a time when the company is cutting costs and struggling to boost revenue after last year's merger of NationsBank Corp. and BankAmerica.Profit from operations at the biggest U.S. bank rose to $2.06 billion, or $1.15 a share, from $2.02 billion, or $1.13, in the year-earlier period. Charlotte-based Bank of America said its net income was $1.92 billion, or $1.07 a share, including a $145 million after-tax charge arising from the merger.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | April 20, 1998
When two of the country's largest banks agreed last week to merge and create a coast-to-coast financial giant, bankers in Maryland merely shrugged.From Mercantile to Provident to Harbor Bank, the biggest banking transaction in U.S. history was viewed as a nonevent as far as its consequences on their business operations."
BUSINESS
By Bill Atkinson | March 9, 1998
HOW HOT are bank stocks?Just ask Peter Martin, one of the top executives at Baltimore-based Provident Bankshares.He recently took in at least $2.6 million by exercising options on Provident's stock. "The appreciation has been very substantial," said Martin, Provident's president and chief operating officer.Investors who held their bank stocks, even while the industry was reeling in the early 1990s, have been richly rewarded.Citicorp's stock, for example, was selling for about $11 in October 1990, and today it trades around $130.
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.