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BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | April 13, 1999
Columbia Bancorp's net income jumped 17.3 percent for the first quarter as loans grew and expenses were held in check, the company said yesterday.The Columbia banking company, which is the parent of Columbia Bank, made $1.26 million in the first quarter that ended March 31, compared with $1.07 million in the same period a year earlier.The company made 27 cents per diluted share for the quarter, up 17.4 percent from the 23 cents per diluted share for the same period in 1998."It seems like it was a pretty clean quarter for them," said Collyn Bement, a banking analyst at Ferris, Baker Watts Inc. in Baltimore.
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BUSINESS
By LAURA SMITHERMAN and LAURA SMITHERMAN,SUN REPORTER | January 20, 2006
The Federal Reserve approved Fulton Financial Corp.'s plan to acquire Columbia Bancorp, a community bank based in Howard County, clearing the way for the deal valued at about $300 million to close Feb. 1. John M. Bond Jr., Columbia's chairman and chief executive officer, said the two banks anticipate obtaining final approval for the deal from Maryland's banking regulator and from the Department of Justice's antitrust division within days. The deal would enable Columbia, which has branches from Baltimore to the Washington suburbs, to expand the services it offers while keeping its name and management.
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BUSINESS
By LAURA SMITHERMAN and LAURA SMITHERMAN,SUN REPORTER | January 20, 2006
The Federal Reserve approved Fulton Financial Corp.'s plan to acquire Columbia Bancorp, a community bank based in Howard County, clearing the way for the deal valued at about $300 million to close Feb. 1. John M. Bond Jr., Columbia's chairman and chief executive officer, said the two banks anticipate obtaining final approval for the deal from Maryland's banking regulator and from the Department of Justice's antitrust division within days. The deal would enable Columbia, which has branches from Baltimore to the Washington suburbs, to expand the services it offers while keeping its name and management.
BUSINESS
By Laura Smitherman and Laura Smitherman,SUN STAFF | July 28, 2005
Columbia Bancorp, whose emergence mirrored the growing wealth of Howard County, the place where it began two decades ago, has agreed to be sold to Fulton Financial Corp. of southern Pennsylvania for about $313 million in cash and stock. The sale, announced yesterday by the banks, means that Columbia Bank would no longer be largely locally owned by executives and directors who control about one-fourth of the stock. But Columbia founder John M. Bond Jr. would remain chairman and chief executive of the bank, which would become a Fulton subsidiary.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | April 26, 2000
Columbia Bancorp said yesterday that it made $56,000 in the first quarter, after one-time merger-related charges of $2.21 million recorded in connection with its acquisition of Suburban Bancshares. The banking company, which is based in Columbia, made 1 cent per diluted share in the March 31 quarter, compared with 21 cents per diluted share in the corresponding period in 1999. Before the merger charges, Columbia Bancorp had income of $1.63 million in the quarter, up 4.6 percent from $1.56 million in the first quarter in 1999.
BUSINESS
April 17, 2004
Columbia Bancorp, the parent of Columbia Bank, reported a 20 percent increase in first-quarter net income yesterday as assets and loans increased. The Columbia-based bank said it earned net income of $2.98 million, or 40 cents per diluted share, compared with $2.49 million, or 34 cents per share, in the first quarter of 2003. Loans totaled $865 million for the quarter ending March 31, compared with $696.3 million in the quarter last year. The bank reported total assets of $1.08 billion, an increase of $90.2 million over the first quarter of 2003.
NEWS
By James M. Coram and James M. Coram,Staff writer | October 21, 1990
Columbia Bancorp, parent company of the Columbia Bank, is seeking to sell 925,000 shares of common stock at $10 a share in order to start a new bank in Baltimore County.The bank would cost an estimated $5 million and would be near Towson in the York Road corridor.According to a 55-page prospectus, "It is the intention of the company's management to transfer the bank's Glenmore branch and certain other customer relationships to the new bank."The stock offering will end Oct. 31 and the stock is expected to be traded in early November, according to a spokesman for the underwriter, Ferris, Baker, Watts Inc.If the stock sale does not produce enough revenue to capitalize the new bank, the company will continue to expand its Baltimore County business through the Glenmore office, the prospectus said.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | January 22, 1999
Columbia Bancorp's net income rose 8.4 percent in the fourth quarter, despite slowing loan growth, the company said yesterday.The Columbia-based banking company made $1.205 million in the quarter that ended Dec. 31, compared with $1.112 million in the fourth quarter of 1997.Columbia made 26 cents per diluted share, up 8.3 percent, compared with 24 cents per diluted share in the corresponding period a year earlier."We are very pleased with 1998's results, but it was a very challenging year," said John A. Scaldara Jr., Columbia Bancorp's chief financial officer.
BUSINESS
By Paul Adams and Paul Adams,SUN STAFF | July 16, 2004
Two Maryland community banks reported second-quarter earnings results yesterday, with Columbia Bancorp posting a 9.7 percent increase in net income and Olney-based Sandy Spring Bancorp recording a 27 percent decrease as low interest rates and a suffering securities portfolio sapped profits. Sandy Spring had net income of $6.4 million, or 43 cents per share, in the quarter that ended June 30, down from $8.7 million, or 60 cents per share, posted for second-quarter 2003. Year over year, deposits were up 6 percent to $1.7 billion and total assets climbed 2 percent to $2.4 billion.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | October 15, 1998
Columbia Bancorp's net income jumped 19 percent in the third quarter to a record as the company boosted the bottom line with sales of mortgage loans and by controlling expenses.Columbia made $1.3 million, or 28 cents per diluted share, in the quarter that ended Sept. 30, compared with net income of $1.1 million, or 24 cents per diluted share, for the same period a year earlier.For the first nine months of the year, the Columbia-based banking company made $3.5 million, a nearly 16 percent increase over the $3 million the company made for the corresponding period in 1997.
BUSINESS
December 28, 2004
New Positions Wagner, Hernandez join Systems Alliance Systems Alliance Inc. added Jeff Wagner and Veronica Hernandez to the staff of the Sparks-based provider of information technology products and consulting services. Wagner is a project leader and is responsible for managing software implementation, systems integration and business improvement projects. A resident of Towson, he was formerly with Ease Technologies and holds a master's degree from the Johns Hopkins University. Hernandez, who graduated from the Johns Hopkins University and lives in Joppa, is a training coordinator and has responsibility for scheduling and implementation of internal and external training sessions and development of course materials.
BUSINESS
October 7, 2004
In The Region Columbia companies sign deal on exclusive use of bionutrients Advanced BioNutrition Corp. of Columbia said yesterday that it has signed a deal with Martek Biosciences Corp., also of Columbia, for exclusive global rights to use Martek's nutrients as feed products for aquatic organisms. The agreement also gives ABN the right to market those nutrients for use in products aimed at agricultural and performance animals, as well as for pets, the company said. ABN said the agreement puts the company in position to move quickly into production of organic and cleaner animal feeds, including products that imbue fish raised on fish farms with the nutritional benefits of fish caught in the wild.
BUSINESS
By Paul Adams and Paul Adams,SUN STAFF | July 16, 2004
Two Maryland community banks reported second-quarter earnings results yesterday, with Columbia Bancorp posting a 9.7 percent increase in net income and Olney-based Sandy Spring Bancorp recording a 27 percent decrease as low interest rates and a suffering securities portfolio sapped profits. Sandy Spring had net income of $6.4 million, or 43 cents per share, in the quarter that ended June 30, down from $8.7 million, or 60 cents per share, posted for second-quarter 2003. Year over year, deposits were up 6 percent to $1.7 billion and total assets climbed 2 percent to $2.4 billion.
BUSINESS
April 17, 2004
Columbia Bancorp, the parent of Columbia Bank, reported a 20 percent increase in first-quarter net income yesterday as assets and loans increased. The Columbia-based bank said it earned net income of $2.98 million, or 40 cents per diluted share, compared with $2.49 million, or 34 cents per share, in the first quarter of 2003. Loans totaled $865 million for the quarter ending March 31, compared with $696.3 million in the quarter last year. The bank reported total assets of $1.08 billion, an increase of $90.2 million over the first quarter of 2003.
BUSINESS
By William Patalon III and William Patalon III,SUN STAFF | May 30, 2003
Columbia Bancorp will continue to gain market share in its home market despite heightened competition and might make additional acquisitions, executives of the Columbia-based banking company told investors at the company's annual meeting yesterday. During the 15 years it has been open, the bank has survived changes and challenges to become one of the dominant companies in the wealthy Howard County market. Chief Executive Officer John M. Bond Jr. said he expects the bank to continue its market-share gains.
BUSINESS
By William Patalon III and William Patalon III,SUN STAFF | April 16, 2003
Columbia Bancorp reported a first-quarter profit increase of 6.4 percent yesterday - a performance analysts said was solid even though net income was 4 cents per share below estimates. The Columbia bank reported net income of $2.49 million for the quarter that ended March 31, up 6.4 percent from the $2.34 million earned during the same quarter the year before. Earnings per share were 34 cents for this year's first quarter, an increase of 6.3 percent from the per-share earnings of 32 cents for the quarter a year ago. Analysts had expected the bank to earn 38 cents per share.
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