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BUSINESS
October 22, 2002
Banking Advance appoints Lawson commercial lending chief Advance Bank appointed Sheila R. Lawson chief commercial lending officer. Formerly a vice president with Harbor Bank of Maryland, she is responsible for the commercial loan portfolio and for developing loan policies, products and services. A graduate of Williams College, Lawson completed her graduate work in business at the Johns Hopkins University. She is an active member of the local chapter of Links Inc. and lives in Westview Park.
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BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | February 16, 2014
The deal to buy 1st Mariner Bank started with an irresistible offer - to two men who had nothing to do with the company. Howard Feinglass, a Baltimore native running a New York investment firm, saw potential in the struggling bank headquartered near Canton's waterfront. He wanted to help recapitalize it in exchange for part ownership. And he wanted local bankers Jack E. Steil and Robert D. Kunisch Jr. on board. He asked them at an ideal time, just as the bankers' employer was getting bought out by a bigger player for the second time in their careers.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | November 1, 1995
Sterling Bank and Trust Co. yesterday named Mark H. Anders president and chief executive.Mr. Anders, 41, said he plans to build the $80-million-asset bank's small business loan portfolio as a complement to its private banking department.He said there is a "tremendous" market for local businesses that have sales of less than $5 million annually."The small businessman . . . has not been particularly well served," Mr. Anders said., "The small businessman wantsto be stroked. He also wants to be dealing with decision-makers."
BUSINESS
By Laura Smitherman and Laura Smitherman,SUN STAFF | July 27, 2005
Mercantile Bankshares Corp. reported yesterday a 21 percent increase in second-quarter profit as the Baltimore-based bank incorporated Community Bank of Northern Virginia onto its balance sheet. Maryland's largest independent bank earned $67.9 million in the quarter, or 84 cents a share, topping Wall Street expectations of 80 cents a share, according to an average of analyst estimates compiled by Thomson Financial. Mercantile had $56.3 million in net income, or 71 cents a share, in the year-earlier period.
BUSINESS
October 11, 1991
MBNA Corp.This credit card company, a former subsidiary of MNC Financial Inc., reported higher earnings in the third quarter as the percentage of bad loans to total loans continued to fall.MBNA, which has its headquarters in Newark, Del., said its earnings rose 16 percent, to $40.3 million, or 81 cents a share, for the past three months, compared with earnings of $34.8 million, or 70 cents a share, during the year-ago period.The company said its total managed loans, including credit card loans that have been sold as packages of securities or are being held for sale, increased $1.3 billion to $8.2 billion.
BUSINESS
By Ross Hetrick | January 23, 1992
The state's second-largest banking company, First Maryland Bancorp, and one of Maryland's largest thrifts, Loyola Capital Corp., reported record profits for 1991 yesterday.Loyola had more good news for shareholders -- dividends. For the first time since becoming a publicly traded company more than five years ago, the thrift announced a 10-cent-a-share quarterly dividend.This is hopefully the beginning of a routine," said James V. McAveney, executive vice president of Loyola.First Maryland, the parent of First National Bank of Maryland, said it earned $23.9 million in the fourth quarter, compared with $1.5 million in the final quarter of 1990.
BUSINESS
By David Conn and David Conn,Sun Staff Writer | April 19, 1995
Loyola Capital Corp., showing strong growth in consumer lending, yesterday reported a 17 percent increase in first-quarter earnings.The company, parent of Loyola Federal Savings Bank, said earnings rose to $4.1 million, or 47 cents a share, from $3.5 million, or 40 cents a share a year ago."To compete effectively, we have streamlined and strengthened our core businesses while diversifying into promising business activities," Chairman and Chief Executive Officer Joseph W. Mosmiller said."Even while mortgage originations slowed, we've continued to increase income in construction and consumer lending and mortgage servicing," Mr. Mosmiller said.
BUSINESS
By Laura Smitherman and Laura Smitherman,SUN STAFF | January 26, 2005
Baltimore's First Mariner Bank reported yesterday that its net income rose 30 percent in the fourth quarter, propelled by demand for mortgages and residential construction loans. First Mariner made $1.8 million in the fourth quarter of last year, or 29 cents per diluted share, compared with $1.4 million, or 23 cents per diluted share, during the comparable period of 2003. Its net income for the year rose 15 percent to $6.1 million from $5.3 million. Both quarterly and annual figures were record levels for the banking company.
BUSINESS
By Dan Thanh Dang and Dan Thanh Dang,SUN REPORTER | October 19, 2007
Provident Bankshares Corp. reported yesterday that profit declined 22 percent in the third quarter because of higher interest rates the bank paid to attract customer deposits and a greater amount of money it had to set aside to cover bad loans. In the three months that ended Sept. 30, net income at Maryland's largest independent bank declined to $16 million, or 50 cents per share, from $20.4 million, or 62 cents per share, for the third quarter of 2006. Analysts polled by Thomson Financial expected earnings of 52 cents per share.
BUSINESS
By Eileen Ambrose and Eileen Ambrose,eileen.ambrose@baltsun.com | May 2, 2009
1st Mariner Bancorp said Friday that it lost $3.1 million for the first quarter, or 48 cents per share, as the Baltimore company continued to see deterioration in its real estate loan portfolio. For the corresponding quarter last year, 1st Mariner lost $3.278 million, or 52 cents per share. Nonperforming assets in the first quarter rose to $65.1 million, or 4.72 percent of total assets, up nearly $25 million from a year earlier. That increase is largely due to bad loans in residential construction and development.
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