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NEWS
July 14, 1997
Key Federal Savings Bank in Ellicott City was robbed Friday by a man who threatened employees with a gun, according to Howard County police.Sgt. Glenn Hansen, a police spokesman, said the man walked into the bank in the 9400 block of U.S. 40 at 9: 31 a.m. wearing an opaque mask and carrying a revolver. Police said no customers were in the bank.According to a police report, the man ordered tellers to open cash drawers and put money into a bag. After taking an undisclosed amount of cash, the man ran out of the bank, police said.
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NEWS
By Janene Holzberg | November 19, 2013
Though he's a New Jersey native, Christopher Infantino attended the University of Maryland, College Park, and grew to love Columbia after working as a waiter in local restaurants 15 years ago during college. In June 2011, with a passion for the restaurant business but no previous entrepreneurial experience, he launched Tino's Italian Bistro, located off Centre Park Drive. “I had always wanted to do this, and when Strapazza closed in 2010 it was the perfect opportunity,” says Infantino, who has made Howard County his home.
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NEWS
December 17, 1993
In a Nov. 21 article in the People section, Key Federal Savings Bank should have been cited as the sole sponsor of a financial program held at an Owings Mills school.The Sun regrets the error.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | November 6, 2012
Two small thrifts founded many decades ago to cater to Baltimore's immigrant population could merge as early as the end of November following approval Monday by a federal regulator. Kopernik Federal Bank in Fells Point and Hull Federal Savings Bank in Locust Point each have one office, and both will remain open and operate under the Kopernik name after the merger. The marriage of these two institutions — opened a combined 189 years — is just another sign of the difficulties of small financial institutions, banking analysts said.
NEWS
April 28, 1994
An article in yesterday's Business section incorrectly reported the subsidiaries of Signet Banking Corp. In fact, Loyola Capital Corp., parent company of Loyola Federal Savings Bank, is an independent, publicly traded company.The Sun regrets the error.
BUSINESS
June 27, 1991
Atlanfed Bancorp Inc., the parent of Atlantic Federal Savings Bank, has declared a quarterly cash dividend of 10 cents a share to be paid on July 15 to stockholders of record as of June 28. This is the 15th consecutive quarter dividend paid by the company.On June 17, Atlanfed paid a 10 percent stock dividend, increasing by 10 percent the number of shares held by each stockholder as of May 31.Atlantic Federal Savings Bank, founded in 1897, has 11 branches in Maryland. The thrift's mortgage subsidiary, Atlantic Home Mortgage Corp.
NEWS
February 18, 1991
Arundel Federal Savings Bank, one of Maryland's savings institutions, has introduced a new commercial banking account that offers businesses of all sizes complete banking in one simple account."
NEWS
July 13, 1997
A man wielding a shotgun and wearing an opaque mask robbed an Ellicott City bank of an undisclosed amount of money yesterday.Howard County police said the man walked into Key Federal Savings Bank in the 9400 block of Baltimore National Pike about 9: 30 a.m., displayed a shotgun and demanded money.Tellers handed some over, and the gunman fled.Police had no detailed description of the robber.Pub Date: 7/13/97
BUSINESS
By Ross Hetrick and Ross Hetrick,Sun Staff Writer | September 17, 1994
The 17 banks and thrifts that bought branches, deposits and assets of Second National Federal Savings Bank paid $104.2 million to the federal government, the Resolution Trust Corp. said yesterday.The RTC, the federal agency charged with disposing of the nation's failed thrifts, had been managing the 34 branches of Second National, which the government seized two years ago.The buyers purchased $516.2 million in insured deposits, and all but one of the branches.The buyers paid $73.4 million for some of the failed thrift's assets, such as cash, investment securities and certain loans.
BUSINESS
April 23, 1991
Earnings for Atlanfed Bancorp Inc., the parent of Atlantic Federal Savings Bank, increased 8 percent during the fourth fiscal quarter that ended March 31.The thrift holding company earned $295,565, or 34 cents a share, during its fourth quarter compared with $273,601, or 32 cents a share, in the same period a year ago.Net income for the fiscal year ending March 31 jumped 20.4 percent, going to $952,804, or $1.11 a share, compared with $791,560, or 92...
BUSINESS
By Hanah Cho, The Baltimore Sun | September 1, 2010
Hull Federal Savings Bank, established in 1911 to cater to German and Polish immigrants settling in Locust Point, has been placed under federal supervision as it addresses what regulators call the thrift's "unsafe or unsound practices. " The move comes amid continuing fallout of the mortgage crisis and recession, which have contributed to 118 bank failures, three of them in Maryland. Under an agreement effective Monday, the Office of Thrift Supervision ordered Hull Federal to submit a plan to maintain adequate capital levels, revise its appraisal policy, develop a loan modification policy and revise its procedures related to establishing an adequate allowance for its loan and lease losses.
BUSINESS
By Andrea K. Walker and Eileen Ambrose, The Baltimore Sun | July 9, 2010
Two Baltimore-area banks failed Friday in the latest sign that many financial institutions are still suffering from the fallout of the mortgage crisis, even as the economy has begun to recover. Regulators closed Bay National Bank and Ideal Federal Savings Bank — both reeling from bad loans — but were able to find a buyer for only one of the community banks. Bay National's deposits have been sold to a newly created thrift, Bay Bank of Lutherville. Bay National's two branches in Lutherville and Salisbury will reopen Monday, and customer accounts will automatically be transferred to the new Bay Bank, according to the Federal Deposit Insurance Corp.
BUSINESS
By Hanah Cho and Hanah Cho,hanah.cho@baltsun.com | October 1, 2009
M&T Bank has laid off nearly half of Bradford Bank's 85 employees and closed four branches after acquiring the failed Towson bank amid a federal takeover in late August. M&T, which had recently acquired Baltimore's Provident Bank, assumed all of Bradford's deposits and most of its assets in a purchase deal with the Federal Deposit Insurance Corp., which seized Bradford after the bank could not find a buyer to rescue it from problem real estate loans. Bradford, founded in 1903, had $452 million in assets and $383 million in deposits as of June 30, according to regulatory filings.
NEWS
By Brent Jones and Brent Jones,brent.jones@baltsun.com | August 30, 2009
An advertisement for a low interest rate brought Colette Searol to Bradford Bank in Towson yesterday morning, where instead of hearing a pitch by bank officials detailing the deal, she received a question-and-answer sheet explaining the company's failure. Searol had planned to open an account but decided against it when she found out the rate she was looking for was no longer offered, in large part because Bradford no longer exists. "When I saw the parking lot full on a Saturday morning, and there was an employee out there with a FDIC tag, I immediately thought that this was what was going on," she said.
BUSINESS
By Robert Little and Andrea K. Walker and Robert Little and Andrea K. Walker,robert.little@baltsun.com and andrea.walker@baltsun.com | February 22, 2009
Getting a mortgage from Suburban Federal Savings Bank couldn't have been much easier for Samuel Burrow Jr. A Baltimore mortgage broker introduced him to Suburban in April 2005, when he was looking for $1.3 million to refinance and finish construction of a home in Ellicott City. His loan application listed his occupation as minister and his income at about $30,000 a month. The bank didn't ask him to prove he could make the $9,100 monthly payment, just to sign a paper stating he could.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,andrea.walker@baltsun.com | February 12, 2009
Bay National Bank said yesterday that it is operating under formal oversight by federal regulators as it tries to recover from losses on bad mortgage loans. The Baltimore bank was placed under a consent order Feb. 6 by the Office of the Comptroller of the Currency, which charters, regulates and supervises national banks. The order requires Bay National, which has two full-service banking offices in Baltimore and Salisbury, to devise a plan to improve its liquidity and capital and deal with problem loans.
BUSINESS
August 24, 1994
Agreement reached on redliningAnother East Coast regional bank criticized for alleged redlining practices has agreed to change its lending policies and make loans to low-income neighborhoods in the Bronx.National Westminster Bancorp. said yesterday that it will lend in minority neighborhoods of the South Bronx and open an office there under an agreement with Inner City Press-Community On the Move, a group that accused the bank of redlining.The agreement follows a similar deal between the government and Chevy Chase Federal Savings Bank, a Maryland savings and loan charged in a civil suit with redlining -- refusing to lend in an area on the basis of its racial makeup.
NEWS
By Shanon D. Murray and Shanon D. Murray,SUN STAFF | April 4, 1996
Howard County police yesterday released a security camera photograph taken of a man suspected of robbing an Ellicott City bank Tuesday.Shortly after 10: 30 a.m., the man entered the Bradford Federal Savings Bank on U.S. 40 and asked a teller to change a $20 bill. He then ordered the teller to put money into a plastic bag he was carrying. He fled with an undetermined amount of money, driving west on U.S. 40 in a small red vehicle.Metro Crime Stoppers at 276-8888 is offering a reward of up to $2,000 for information leading to an arrest and indictment.
BUSINESS
By Andrea K. Walker and Nicole Fuller and Andrea K. Walker and Nicole Fuller,andrea.walker@baltsun.com and nicole.fuller@baltsun.com | January 31, 2009
Federal regulators seized Suburban Federal Savings Bank in Crofton late yesterday - marking the first Maryland bank failure since 1992 - after executives were unable to find a buyer to help them offset millions of dollars in bad loans. The FDIC arranged the sale of all of Suburban's deposits and its seven branches to the Bank of Essex in Tappahannock, Va. That means Suburban's business will go on as normal today, though under a different name. The Virginia bank also bought most of Suburban's assets at a discounted price and many of its loans, according to the Federal Deposit Insurance Corp.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,andrea.walker@baltsun.com | November 18, 2008
Dutch insurer Aegon NV is exploring a bid to buy the troubled Suburban Federal Savings Bank in Crofton as a way of becoming eligible for money from the federal bank bailout plan. The insurance giant, with North American headquarters in Baltimore, was among four insurance companies that applied Friday to the federal Office of Thrift Supervision to become owners of a savings institution as a way to get funding from the Treasury's Troubled Asset Relief Program. OTS officials confirmed Aegon's interest in Suburban.
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