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By Lorraine Mirabella, The Baltimore Sun | June 4, 2012
Two customers of Jos. A. Bank Clothiers Inc. have filed a class-action lawsuit against the Hampstead-based men's apparel chain, accusing the retailer of using deceptive marketing by claiming merchandise is on sale when it is actually being offered at regular price. James Waldron and Matthew Villani filed the complaint April 5 in U.S. District Court in New Jersey, seeking a jury trial. The plaintiffs filed on behalf of themselves and others who bought Jos. Bank merchandise from April 5, 2006, to the present.
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BUSINESS
By Lorraine Mirabella, The Baltimore Sun | June 4, 2012
Two customers of Jos. A. Bank Clothiers Inc. have filed a class-action lawsuit against the Hampstead-based men's apparel chain, accusing the retailer of using deceptive marketing by claiming merchandise is on sale when it is actually being offered at regular price. James Waldron and Matthew Villani filed the complaint April 5 in U.S. District Court in New Jersey, seeking a jury trial. The plaintiffs filed on behalf of themselves and others who bought Jos. Bank merchandise from April 5, 2006, to the present.
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BUSINESS
By WERNER RENBERG and WERNER RENBERG,Werner Renberg | June 5, 1994
While congressional committees consider whether bank customers would be better served by having the Securities and Exchange Commission regulate bank sales of mutual funds, the banking agencies are stepping up their efforts to see whether banks are providing suitable advice and adequate warnings about investment risk.Whatever the outcome of these activities, which coincide with the banks' own undertakings to improve their procedures, some customers of some banks apparently continue to be poorly informed about funds.
BUSINESS
Eileen Ambrose | November 4, 2011
Tomorrow is the Bank Transfer Day, a campaign on Facebook to get bank customers fed up with fees to switch to a nonprofit credit union by Saturday. Now, the Credit Union National Association figures that since Sept. 29 - when word got out that Bank of America was proposing a $5 monthly debit card fee starting next year - at least 650,000 consumers have joined credit unions nationwide. CUNA also estimates that $4.5 billion has been deposited in new savings accounts at credit unions over that time.
NEWS
July 20, 2008
Knight used to woo bank customers Employees with the Columbia Bank and a knight in shining armor from Medieval Times restaurant at Arundel Mills mall went door-to-door delivering gifts of three jars of fruit preserves to residents of the Arundel Preserve community in Hanover to promote the opening of the bank's newest branch. The Columbia Bank's first branch in Anne Arundel County is at 7692 Dorchester Blvd. in Hanover. Clear Choice receives $70,000 grant The Anne Arundel Economic Development Corp.
BUSINESS
By Christian Science Monitor | September 6, 1994
SEATTLE -- With more than 12,000 commercial banks or savings institutions operating in the United States, charges of too little competition sound improbable.Yet that is what two consumer groups say: Fees for bank customers might be soaring because of collusion that violates antitrust laws, according to the Consumer Federation of America and the U.S. Public Interest Research Group, both based in Washington.Bounced-check fees, for example, far exceed the cost of the problem to the industry, the two groups say. They add that these fees are "often uniform in any given market" and have risen 21 percent in the past four years to an average of $18 a check.
NEWS
August 14, 1991
An Ellicott City gas station was robbed of an undisclosed amount of cash Saturday when a man threatened to blow up the business with a bomb, county police said.The man walked up to the St. John's Amoco cashier's window at 11:15 p.m. and placed what appeared to be an explosive device in the change window, police said.The device appeared to have dynamite inside, and the clerk handedover a sum of money, police said. The man then ran across the streetto a parked car and drove north on St. John's Lane.
BUSINESS
Eileen Ambrose | November 4, 2011
Tomorrow is the Bank Transfer Day, a campaign on Facebook to get bank customers fed up with fees to switch to a nonprofit credit union by Saturday. Now, the Credit Union National Association figures that since Sept. 29 - when word got out that Bank of America was proposing a $5 monthly debit card fee starting next year - at least 650,000 consumers have joined credit unions nationwide. CUNA also estimates that $4.5 billion has been deposited in new savings accounts at credit unions over that time.
BUSINESS
By Paul Adams and Paul Adams,SUN STAFF | June 19, 2004
A former M&T Bank Corp. branch manager has been indicted by a federal grand jury in Baltimore on charges of embezzling more than $221,000 over several months last summer and fall. The nine-count indictment accuses Natalie Marie Pearson, 29, of Fallston of diverting bank funds and tapping into customer lines of credit for personal use in a scheme that grew more brazen as the months went on. Pearson managed M&T's North Plaza branch in the 8800 block of Walthen Road in Baltimore. Each count of embezzlement carries a maximum penalty of 30 years in prison and/or a $1 million fine plus restitution.
NEWS
October 1, 1999
The nation's banks are now prepared for Y2K disruptionAs the regulator of the national banking system, I know that many Americans are wondering if their banks are ready for the year 2000. I'd like to say, yes, federally insured banks are ready for Y2K.They are ready because they have devoted more than two years and many billions of dollars to preparing for that problem. Federal regulators have been checking their progress at every step.As a result, the safest place for bank customers' money is still in a bank.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | November 1, 2011
Apparently, consumers have a breaking point — a $5 monthly debit-card fee. Since news broke late last month that Bank of America planned to introduce such a fee next year, the uproar hasn't abated. Legislation was introduced in Congress to make it easier for consumers to switch accounts. A "Bank Transfer Day" campaign has been organized on Facebook to encourage consumers to switch to a nonprofit credit union by this Saturday. And now some major banks are backing off debit-card fees.
BUSINESS
By Liz F. Kay, The Baltimore Sun | October 10, 2011
Ken Rose is a Bank of America customer, but he has also done business for years with Destinations Credit Union in Parkville. Now, with the bank's announcement that it will charge many debit-card users a $5 monthly fee, the Edmondson Village resident says he plans to switch all his banking to the credit union. "They do everything," Rose, 60, said of Destinations. "Nobody's going to banks anymore. " While that might be an overstatement, local credit unions are seizing on the public's discontent with big banks — Wells Fargo and Chase are also testing debit fees, and Citi recently announced new charges for checking accounts — to step up their marketing efforts and pull in more customers.
NEWS
By Paul West, The Baltimore Sun | November 6, 2010
It was business as anything but usual Saturday morning at Baltimore-area branches of K Bank, the latest Maryland financial institution to fail this year. Hours earlier, K Bank had been shuttered by regulators, then taken over by M&T Bank. The new owners deployed its employees to the seven branches to reassure customers they had nothing to worry about. Not all were convinced. Several of the c ustomers waiting to be helped at the branch on Baltimore National Pike in Ellicott City planned to close their accounts.
BUSINESS
November 5, 2010
Question: What happens to my K Bank account? Answer: All K Bank deposit accounts, including checking, savings, certificates of deposits and retirement accounts, have been transferred to M&T. No one lost any money on deposit in K Bank. Question: Can I still use my ATM or debit card and bill-paying? Answer: Your cards and bill-paying will continue to work as usual. Question: What happens to my loan with K Bank? Answer: M&T has assumed all of K Bank's loans. Your payment amount and due date do not change.
BUSINESS
By Hanah Cho and Hanah Cho,Hanah.cho@baltsun.com | May 28, 2009
Shawn Mullins could not withdraw money from his bank this past weekend. That's because his Provident Bank ATM card was denied, and he did not receive a new one from M&T Bank Corp., the Buffalo, N.Y., institution that bought Provident and completed its takeover during the Memorial Day weekend. "I'm a little frustrated because I didn't have access to my money," said Mullins, who stopped by a former Provident branch in Hampden on Wednesday for some help. Still, Mullins, a 13-year Provident customer, said he is willing to give M&T a chance because "you may end up having something better than before."
BUSINESS
By Eileen Ambrose and Eileen Ambrose,eileen.ambrose@baltsun.com | April 22, 2009
Sandy Spring Bancorp Inc. launched a campaign this month to attract customers from nearby rivals acquired by out-of-state banks, even as it faces weaker profits amid the economic slowdown. Sandy Spring's top executive discussed plans to win over customers from Chevy Chase Bank and Provident Bankshares Corp. during a conference call with analysts Tuesday to discuss first-quarter earnings. Capital One Financial Corp. bought Chevy Chase this year; M&T Bank is buying Provident. The Olney-based bank reported that its earnings available to common shareholders dropped to $1 million, or 6 cents per share, mostly because of a $10.6 million loan loss provision related mainly to its real estate development portfolio.
NEWS
By Amy L. Miller and Amy L. Miller,Sun Staff Writer | November 23, 1994
Union National Bank recently took a technological trip into the future that left a few of its customers behind.But officials at the Westminster-based bank say problems over the past week, which temporarily left about 10 percent of Union National's customers without automated teller machine access, have been rectified."
BUSINESS
By Thomas Easton and Thomas Easton,New York Bureau of The Sun | May 7, 1991
NEW YORK -- While Congress prepares today to begin yet another round of discussion on bills to reinvigorate the banking system, bankers themselves are preparing for the only certainty: higher costs.A decision last week to raise premiums paid to the Federal Deposit Insurance Corp. in July from 19.5 cents to 23 cents per $100 in deposits comes on top of an increase last year from 12 cents per $100 in deposits and another increase the year before from 8.3 cents per $100, an amount that had been constant since the 1930s.
NEWS
July 20, 2008
Knight used to woo bank customers Employees with the Columbia Bank and a knight in shining armor from Medieval Times restaurant at Arundel Mills mall went door-to-door delivering gifts of three jars of fruit preserves to residents of the Arundel Preserve community in Hanover to promote the opening of the bank's newest branch. The Columbia Bank's first branch in Anne Arundel County is at 7692 Dorchester Blvd. in Hanover. Clear Choice receives $70,000 grant The Anne Arundel Economic Development Corp.
NEWS
By JOSH MEYER AND GREG MILLER and JOSH MEYER AND GREG MILLER,LOS ANGELES TIMES | June 23, 2006
WASHINGTON -- The U.S. government, without the knowledge of many banks and their customers, has engaged for years in a secret effort to track terrorist financing by reviewing confidential information on transfers of money between banks worldwide. The program, run by the Treasury Department, is considered a potent weapon in the war on terrorism because of its ability to clandestinely monitor financial transactions and map terrorist webs. Current and former officials at U.S. agencies acknowledged the program's existence but spoke on condition of anonymity, citing its sensitive nature.
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