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By JANE BRYANT QUINN and JANE BRYANT QUINN,1990, Washington Post Writers Group | December 5, 1990
NEW YORK -- If you keep your ready savings in a bank money-market deposit account, you are sacrificing yield. You could earn perhaps 1.2 percentage points more by switching to a money-market mutual fund.And now, there's more reason than ever to consider it. Both the Securities and Exchange Commission and the industry's trade group, the Investment Company Institute, are backing new money-fund safety regulations. In a reverse of the usual story, the trade group wants even tougher rules than those the government is proposing.
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BUSINESS
By Sean Somerville and Sean Somerville,SUN STAFF | April 10, 1998
Crestar Financial Corp. yesterday said first quarter earnings jumped 18 percent on growth in commercial loans and deposit accounts.Crestar, headquartered in Richmond, Va., reported net income of $84.9 million, or 75 cents a share, up from $71.8 million, or 64 cents a share."
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BUSINESS
By Sean Somerville and Sean Somerville,SUN STAFF | April 10, 1998
Crestar Financial Corp. yesterday said first quarter earnings jumped 18 percent on growth in commercial loans and deposit accounts.Crestar, headquartered in Richmond, Va., reported net income of $84.9 million, or 75 cents a share, up from $71.8 million, or 64 cents a share."
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | July 16, 1997
Mercantile Bankshares Corp.'s net income jumped by more than 11 percent in the second quarter, fueled by strong loan growth and gains in its trust business, the company said yesterday.The Baltimore-based banking company earned $32.5 million, or 46 cents a share in the quarter ended June 30, compared with $29.3 million, or 40 cents a share, for the same period a year earlier."It was a good, solid banking quarter," said David E. Borowy, head of investor relations with Mercantile, the state's largest independently owned banking company with $6.8 billion in assets.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | October 23, 1996
First Maryland Bancorp's earnings jumped 8.6 percent in the third quarter as the company had hefty gains in mortgage banking, its trust business and fees on deposit accounts.The Baltimore-based banking company earned $33.7 million in the quarter ended Sept. 30, compared with earnings of $31 million for the same time a year ago.First Maryland earned $96.3 million for the first nine months of the year, up 8.6 percent from the same time in 1995."We are gaining share in virtually all of our businesses," said Frank P. Bramble, president and chief executive of First Maryland.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | July 18, 1996
A jump in trust revenues and fees charged to consumers on their deposit accounts helped push First Maryland Bancorp's earnings up 11 percent in the second quarter to $32.5 million, the company said yesterday.First Maryland earned $62.6 million for the first half of the year, up 8.6 percent from the $57.7 million it earned in the first six months of 1995.But, unlike other large banks that have operations in Baltimore, First Maryland's assets and loans barely budged."Everyone else has been growing," said Alex Hart, a banking analyst with Ferris, Baker Watts Inc. "It is a bit troubling.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | April 15, 1997
Steady demand for loans and banking services and tight expense controls pushed Mercantile Bankshares Corp.'s net income up 15.4 percent in the first quarter of 1997, the company said yesterday.Mercantile reported $32 million net income in the first quarter that ended March 31, or 67 cents a share, compared with $27.7 million, or 58 cents for the same quarter a year earlier."They are clicking on all cylinders," said John M. Kline, a banking analyst with Ryan, Beck & Co. in West Orange, N.J.The earnings surprised Kline and other Wall Street analysts, who expected the company to earn 65 cents a share.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | July 16, 1997
Mercantile Bankshares Corp.'s net income jumped by more than 11 percent in the second quarter, fueled by strong loan growth and gains in its trust business, the company said yesterday.The Baltimore-based banking company earned $32.5 million, or 46 cents a share in the quarter ended June 30, compared with $29.3 million, or 40 cents a share, for the same period a year earlier."It was a good, solid banking quarter," said David E. Borowy, head of investor relations with Mercantile, the state's largest independently owned banking company with $6.8 billion in assets.
BUSINESS
February 24, 1991
The Sun begins today a weekly package of stories and features on personal finance. The features include:* Jane Bryant Quinn's syndicated column.* A column on mutual-fund investing written for The Sun by Werner Renberg, an expert on mutual funds and the author of two books on the subject.* Tables of interest rates being offered on deposit accounts by area banks and savings and loans (a similar table on mortgage rates appears in the Sunday Real Estate section) and a table of loan and deposit rates from area credit unions.
NEWS
April 8, 1998
THE MARKETPLACE is outstripping this nation's financial regulatory system.That is the message from the blockbuster merger of banking giant Citicorp and insurance giant Travelers Group.This $70 billion deal could pressure Congress finally to reform laws governing the financial services industry.Propelled by the need to compete globally, U.S. financial companies want to offer banking, insurance and brokerage services under one roof. The antiquated Depression-era laws that separated banking from commerce make them less competitive.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | April 15, 1997
Steady demand for loans and banking services and tight expense controls pushed Mercantile Bankshares Corp.'s net income up 15.4 percent in the first quarter of 1997, the company said yesterday.Mercantile reported $32 million net income in the first quarter that ended March 31, or 67 cents a share, compared with $27.7 million, or 58 cents for the same quarter a year earlier."They are clicking on all cylinders," said John M. Kline, a banking analyst with Ryan, Beck & Co. in West Orange, N.J.The earnings surprised Kline and other Wall Street analysts, who expected the company to earn 65 cents a share.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | October 23, 1996
First Maryland Bancorp's earnings jumped 8.6 percent in the third quarter as the company had hefty gains in mortgage banking, its trust business and fees on deposit accounts.The Baltimore-based banking company earned $33.7 million in the quarter ended Sept. 30, compared with earnings of $31 million for the same time a year ago.First Maryland earned $96.3 million for the first nine months of the year, up 8.6 percent from the same time in 1995."We are gaining share in virtually all of our businesses," said Frank P. Bramble, president and chief executive of First Maryland.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | July 18, 1996
A jump in trust revenues and fees charged to consumers on their deposit accounts helped push First Maryland Bancorp's earnings up 11 percent in the second quarter to $32.5 million, the company said yesterday.First Maryland earned $62.6 million for the first half of the year, up 8.6 percent from the $57.7 million it earned in the first six months of 1995.But, unlike other large banks that have operations in Baltimore, First Maryland's assets and loans barely budged."Everyone else has been growing," said Alex Hart, a banking analyst with Ferris, Baker Watts Inc. "It is a bit troubling.
BUSINESS
By JANE BRYANT QUINN and JANE BRYANT QUINN,1990, Washington Post Writers Group | December 5, 1990
NEW YORK -- If you keep your ready savings in a bank money-market deposit account, you are sacrificing yield. You could earn perhaps 1.2 percentage points more by switching to a money-market mutual fund.And now, there's more reason than ever to consider it. Both the Securities and Exchange Commission and the industry's trade group, the Investment Company Institute, are backing new money-fund safety regulations. In a reverse of the usual story, the trade group wants even tougher rules than those the government is proposing.
NEWS
February 21, 2005
Bank of Glen Burnie opens Linthicum branch The Bank of Glen Burnie is opening its eighth branch office in Annie Arundel County. The full-service office, at 7063 Baltimore Annapolis Blvd. in Linthicum, offers lobby, drive-up and ATM service, loan and deposit accounts, safe deposit boxes and commercial services. Assistant Vice President Denise Sutton transferred from the South Crain location to head the new office. She has been a branch manager with the Bank of Glen Burnie for 30 years.
BUSINESS
March 30, 1992
MONDAY, 2 p.m. Senate Economic and Environmental Affairs, Room 200, James dTC Senate Office BuildingHB 274 Collection Agency Licensing -- Fees; HB 961 State Board for Professional Land Surveyors; HB 1413 Home Improvement Contractors -- Liability Insurance; HB 1418 Home Improvement Contractor -- Experience or Education RequirementTUESDAY, 1 p.m. Senate Finance, Presidential Wing, James SOBHB 387 Insurance -- Filing of Underwriting Guidelines -- Termination Date;...
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