Danielson

Chase Manhattan Corp. said yesterday that it will sell its six Maryland branches to Crestar Financial Corp., helping the Virginia bank's ongoing expansion in the state even as the money-center bank continues its retrenchment to its core markets in metropolitan New York.The acquisition is Crestar's second in Maryland in as many months. In late April it agreed to buy Loyola Capital Corp., parent of Loyola Federal Savings Bank, for $252 million.Included in the sale, terms of which were not disclosed, are about $450 million in deposits, representing 18,000 customer households and $260 million in loans.

THE GEARS of the Bowl Championship Series machine will grind to a halt for another year come Sunday, when we learn who will be matched in the Orange Bowl for college football's supposed national championship. But there are three unbeaten teams at the top of the BCS poll - plus another two in the top eight - and even for someone who got through four years of college without taking a math course, it's clear this formula doesn't quite add up. (Or divide down. Or whatever. As I said, no math credits.

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]

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."

Hurt by large losses at a few major banks, earnings at Maryland's 78 state-chartered banks dropped by more than half during the first quarter.The office of the state bank commissioner has reported that state-chartered banks had total earnings of $26.6 million in the first quarter, a 56.4 percent drop from the $61 million earned during the 1990 first quarter.K? The figures did not include the first-quarter net income ofbanks with national charters, such as Maryland National Bank or First National Bank of Maryland, the two largest banks in the state.

First Maryland Bancorp said yesterday that net income rose 11 percent in the third quarter, driven by increased lending and a jump in fees paid to its trust operations.The Baltimore-based banking company made $40.1 million in the Sept. 30 quarter compared with $36.1 million for the same period a year earlier. The year-ago results excluded a one-time gain of $17.4 million from the sale of credit card loans.For the first nine months of the year, First Maryland made $120.2 million, up 13 percent, compared with adjusted net income of $106 million before one-time gains in both periods.

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K Bank on Friday became the latest Maryland bank to fail after its board of directors — unable to turn around the finances or find a buyer — took the rare step of voting to turn over the Owings Mills-based institution to state regulators. Immediately after the regulator takeover, the bank's deposits and most of its assets were sold to regional rival M&T Bank. K Bank's seven branches will reopen Saturday as M&T Bank. This is the second failed Maryland bank taken over by M&T, which also purchased Bradford Bank in Towson last year.

Now that dissident shareholders have apparently won control of Baltimore Bancorp, they may find it difficult to either sell the holding company or significantly improve its earnings, according a banking consultant."

NationsBank Corp. Chairman Hugh L. McColl Jr. has anointed Baltimore as the regional headquarters for the Charlotte-based company once its proposed merger with MNC Financial Inc. is complete.Exactly what that will mean for the city is a matter of some debate.It probably won't lead to a substantial influx of jobs, according to banking analysts and industry members. The executive staff doesn't amount to more than a dozen or so people.In fact, the merger will likely lead to some layoffs as the two companies are consolidated in coming months, though staff reductions are expected to be minimal in Baltimore, where there is little overlap between their operations.