Advertisement
HomeCollectionsBanking
IN THE NEWS

Banking

FEATURED ARTICLES
BUSINESS
By Eileen Ambrose | May 13, 2011
The House Financial Services Committee today approved three bills to water down the new Consumer Financial Protection Bureau before it’s fully launched. Supporters of the legislation say it will add accountability and transparency. What’s transparent is that the legislation, backed by the banking industry, mostly serves to weaken the new Bureau. One bill, which passed 33-24, would eliminate the position of the director and replace the head of the Bureau with a five-member commission made up of people from both political parties.
ARTICLES BY DATE
NEWS
Jacques Kelly and The Baltimore Sun | October 13, 2014
Patricia B. "Pat" Tatar, a former Bank of Baltimore official, died of complications from pneumonia Sept. 24 at Greater Baltimore Medical Center. The Towson resident was 83. Born in Baltimore, she was the daughter of Max Pechersky and the former Catherine Shiffman. She was a graduate of Forest Park High School and initially worked at the old Chesapeake & Potomac Telephone Co. In the early 1970s, she moved to Maple Shade, N.J., and was a regional Hallmark card, toy, puzzle and Christmas ornament representative.
Advertisement
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | June 24, 2013
When reports surfaced that Jos. A. Bank Clothiers Inc. had bid for a designer jeans maker, CEO R. Neal Black said the company's board decided it had to go public with plans to pursue potential acquisitions. While the Hampstead-based men's apparel seller still isn't confirming or denying reports that it bid on jeans designer Lucky Brand, part of Fifth & Pacific Cos. Inc., company officials have announced they are considering acquisitions to spur growth. They have hired New York-based retail investment banking firm Financo LLC to help them explore options.
NEWS
By Lorraine Mirabella and Pamela Wood and The Baltimore Sun | October 3, 2014
When the new six-screen, 752-seat cinema opens in mid-November in the Sun Valley Shopping Center in Glen Burnie, it will be the second theater in the community operated by the same man. Ira Miller, president of Sun Valley Movie Theaters Inc., also owns Marley Station Movies in Glen Burnie. The Sun Valley 6, which will show first-run discounted movies, is under construction as part of the remodeling of the center at the intersection of Mountain Road and Baltimore Annapolis Boulevard.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | February 2, 2014
A marriage of suit-seller Jos. A. Bank Clothiers Inc. and the smaller Eddie Bauer casual clothing and outerwear chain could give a boost to both retailers, offering complementary merchandise and customers for each and room to grow online and into new categories, experts said a day after reports of a possible deal surfaced. Hampstead-based Jos. Bank had no comment Sunday on a report by the Wall Street Journal that it wants to acquire Eddie Bauer, a deal seen as a possible defensive move against a $1.6 billion hostile bid for Bank by Houston-based Men's Wearhouse.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | June 14, 2013
F.N.B. Corp. announced Friday it plans to acquire BCSB Bancorp, the parent of Baltimore County Savings Bank, in a stock swap valued at about $79 million. BCSB's share price jumped $4.82 after the announcement on Friday to close at $21.79. F.N.B.'s stock fell 34 cents to $11.09 per share. With this acquisition, F.N.B. will gain $640 million in assets and 16 banking offices across Baltimore, Harford and Howard counties. F.N.B., based in Hermitage, Pa., has $12.4 billion in assets and more than 250 branches in Ohio, Pennsylvania, Maryland and West Virginia.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | November 26, 2013
Men's Wearhouse suddenly likes the way Jos. A. Bank Clothiers looks. Under pressure from its shareholders after rejecting a takeover by Jos. A. Bank, Men's Wearhouse turned the tables Tuesday, proposing to buy its smaller rival for $1.2 billion. The offer to buy the Hampstead-based retailer for $55 a share came after Men's Wearhouse turned down a $2.3 billion acquisition bid from Bank and refused to negotiate even as some investors lobbied for a merger between the nation's two biggest men's specialty chains.
NEWS
March 23, 1994
While the Carroll commissioners' proposal to protect county woodlands through "tree banking" is an idea worth exploring, not all tree banks are created equal. Allowing industrial and commercial developers who can't satisfy the county's tree-preservation law to purchase "credits" for excess trees planted on other properties seems a good idea. But extending these benefits to residential developers creates new problems.The thrust of the county's forest conservation program is to preserve Carroll's existing woodlands whenever possible.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | January 21, 1999
Mercantile Bankshares Corp.'s net income jumped 15.5 percent in the fourth quarter, fueled by revenue gains in its trust business and by fees it charges customers for other banking services.The Baltimore-based banking company made $37.8 million in the fourth quarter that ended Dec. 31, compared with $32.7 million in the corresponding period a year earlier. Earnings per share rose 15.2 percent to 53 cents a share in the quarter, compared with 46 cents a year earlier."They put up good numbers," said Gerard S. Cassidy, a bank analyst at Tucker Anthony, a Boston brokerage firm.
BUSINESS
By Knight-Ridder News Service | March 8, 1991
WASHINGTON -- The General Accounting Office said yesterday that the Treasury Department's banking reform proposal may hurt the deposit insurance fund by placing too much emphasis on making U.S. banks internationally competitive.The Treasury's proposal would give banks powers to underwrite securities and enter related businesses to enhance their ability compete on the world market.However, the congressional investigative agency warned that "the more competitive markets get, the more tempting it becomes for banks to abuse expanded powers and attract federally insured deposits to take greater risks in attempts to gain market share or higher profits."
BUSINESS
By Lorraine Mirabella and The Baltimore Sun | September 30, 2014
A former Macy's and I Magnin executive will step in as brand president of Jos. A. Bank Clothiers, part of the Hampstead-based Bank's integration into parent company Men's Wearhouse. Bank's new president, Paul Fitzpatrick, most recently served as president and chief operating officer of ESP Group Ltd., a designer of underwear, sleepwear and lounge wear. In another executive team change, former Jos. Bank executive Jim Thorne will become executive vice president of direct sourcing, overseeing Men's Wearhouse's overall product development, manufacturing and sourcing, the Houston-based men's apparel chain said Tuesday.
SPORTS
By Jeff Zrebiec and The Baltimore Sun | September 21, 2014
The Ravens last season were demolished in Denver, bumbled through their afternoon in Buffalo, and caved in close losses at Cleveland, Chicago and Cincinnati. A team that had relished going on the road and winning in coach John Harbaugh's first five seasons became a mistake-prone, defensively challenged shell of itself whenever it ventured away from M&T Bank Stadium in 2013. The current Ravens are a far different team, players have said repeatedly in recent weeks. They can prove that and distance themselves from recent road woes by going to Cleveland and beating the rejuvenated Browns on Sunday at FirstEnergy Stadium.
ENTERTAINMENT
By Tim Smith and The Baltimore Sun | September 13, 2014
For the past 12 years, the name Chesapeake Shakespeare Company has been most associated with its outdoor productions in summer and fall, reached by trekking up a hill to the rustic ruins of Patapsco Female Institute Historic Park in Ellicott City. Audience seating typically involved folding chairs or blankets. This week, the company inaugurates a striking new home in downtown Baltimore that suggests a hip version of the famed Globe Theatre in London where Shakespeare's own company performed.
SPORTS
By Matt Zenitz and Baltimore Sun Media Group | September 12, 2014
COLLEGE PARK  -   The Maryland football team puts together a preliminary scouting report of each opponent on its schedule during the summer, scanning through last season's film to get an early feel for what a team might look like this season. For West Virginia, the tape would have shown a mediocre team that finished 4-8 and had problems on offense and defense. A year later, the Mountaineers are much better, as Terps coach Randy Edsall and his staff saw Sunday when they began reviewing West Virginia's early-season tape.
BUSINESS
By Natalie Sherman | September 12, 2014
Two Baltimore-area firms are planning to restore the historic Central Savings Bank in downtown, adding more shops and apartments to a once vibrant business district trying to reinvent itself as a hotbed of residential activity. Poverni Sheikh Group and Meisel Capital Partners are planning 26, mostly one bedroom apartments, as well as 12,000 square feet of retail in the 1 East Lexington Street property, and two adjacent parcels on Lexington and N. Charles streets. The joint venture, Central Savings Bank Shops & Flats, purchased the properties, which were built around 1900 and are connected in the interiors, as a package last month for $1.2 million, said Poverni Sheikh Group Principal Ibrahim Sheikh.
SPORTS
Sports Digest | September 11, 2014
Maryland State Athletic Hall of Fame Native Dancer, five others to be inducted in November Racehorse Native Dancer, swimmer Beth Botsford , baseball-football players Tommy Brown and Brian Jordan , lacrosse player and coach Bob Scott and figure skater Kimmie Meissner will be inducted into the Maryland State Athletic Hall of Fame on Nov. 13 from 6 p.m. to 10 p.m. at Michael's Eighth Avenue in Glen Burnie. In addition, the Hall will present the John Steadman Lifetime Achievement Award, which recognizes the contribution of individuals over a long career of supporting and advancing athletics in the state of Maryland, to the late Earl Banks , who was the football coach at Morgan State.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | April 28, 1998
Mason-Dixon Bancshares' net income rose 10 percent in the first quarter, fueled by a jump in loans and fees it charges customers for products and services, the banking company said yesterday.The Westminster-based Mason-Dixon made $2.51 million in the quarter ended March 31, compared with $2.27 million earned during the corresponding period a year earlier. Net income per share rose 14 percent to 49 cents in the quarter, compared with 43 cents in 1997."We are happy, it is just a matter of keeping our heads pointed north," said Thomas K. Ferguson, Mason-Dixon's president and chief executive.
BUSINESS
By David Conn and David Conn,Staff Writer | August 5, 1992
The mid-Atlantic region is turning into a banking backwater; welcome the financial meccas of the future: Charlotte, N.C., Pittsburgh and Columbus, Ohio.That's the banking world according to Arnold G. Danielson, president of Rockville-based Danielson Associates Inc., a consulting business that released its latest Middle Atlantic Banking Report this week.It's a world in which mergers will continue among regional and super-regional banking companies; smaller banks that avoid being acquired will grow to the point that they become pTC irresistible targets; and only the smallest community banks will remain independent.
SPORTS
By Childs Walker and The Baltimore Sun | September 4, 2014
For most of Ray Lewis' 17-year NFL career, his face - eyes burning, mouth bellowing exhortations - was the face of the Ravens. Johnny Unitas' flinty gaze and stooped shoulders had symbolized pro football for earlier generations of Baltimore fans, and Lewis followed in the great quarterback's footsteps, becoming an icon for the new era of purple and black ardor. The Ravens made that association official Thursday morning, unveiling a bronze statue of the retired linebacker only a few feet from the statue of Unitas that greets visitors outside M&T Bank Stadium.
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.