Maryland National Bank

Officials of MNC Financial Inc. and First Maryland Bancorp disputed reports yesterday that some of their bank subsidiaries have capital levels that are too low to allow them to secure brokered deposits.Under regulations issued this week by the Federal Deposit Insurance Corp. only well-capitalized banks are allowed to accept or renew brokered deposits, whose owners can move them quickly from bank to bank in search of the highest interest rates.A second tier of banks that are just adequately capitalized may seek a waiver from the FDIC to secure the brokered deposits, so called because they go through brokers.

Man snatches bank deposit from employeeA man stole a bank deposit bag from a convenience store employee as she was making a night deposit Monday at a Riviera Beach bank.According to the police report, the woman was preparing the deposit at the Maryland National Bank in the 8400 block of Fort Smallwood Road at 8:15 p.m. when the robber walked up behind her and shoved her down.He grabbed the bank bag and ran away, police said.Police gave no description of the robber.Pasadena woman raped near Bayside mallA Pasadena woman reported to police that she was raped Sunday outside the Bayside Square Shopping Center on Fort Smallwood Road.

Masked bandit holds up bank in Owen BrownA bank robber wearing a black ski mask held up an Owen Brown bank Tuesday morning, but he was foiled when dye packs attached to the money exploded, Howard County police said.Police are still investigating the armed robbery at the Maryland National Bank in the 7100 block of Cradlerock Way. No injuries were reported.According to police, the suspect, armed with a semi-automatic handgun, entered the bank around 11:49 a.m. and immediately jumped over the teller counter.

A man with a small handgun robbed a Maryland National Bank branch at Towson Town Center today and then sent a shower of money flying in the parking lot as he threw the loot into the air while making his getaway.Baltimore County police said the robbery occurred about 11:48 a.m. when a man entered the bank, in the 8800 block of Dulaney Valley Road, and demanded cash.The man was given a bag of money and then tossed the open bag into the mall parking lot as he fled.Shocked witnesses said the money -- marked with red dye from exploding packs inside the bag -- flew in all directions.

Leroy M. Merritt, a real estate developer whose portfolio has been besieged on many fronts by the area's banks, avoided yesterday a planned foreclosure auction of several of his properties in Towson and Hunt Valley.First American Bank of Maryland, which had filed a foreclosure suit for a $4.1 million loan, had scheduled an auction for today to sell five buildings in Mr. Merritt's Towson Business Center and Hunt Valley Business Center projects.The bank reached a loan restructuring agreement with Mr. Merritt Monday and finalized the deal yesterday, according to Mr. Merritt's attorney, Roger Frankel.

Richard E. Hug Occupation Campaign finance chairman for Gov. Robert L. Ehrlich Jr.; former member of University System of Maryland Board of Regents; business owner. In the news Hug resigned as a regent last week to comply with a new law passed by the General Assembly that prohibits political activity, including running for office, by members of the university governing board. Hug chose to step down so that he could continue to raise money for Ehrlich, who is up for re-election this year.

There will be fewer banks and fewer bank employees as the industry continues to consolidate, the regional head of NationsBank Corp., Maryland's largest bank, told about 150 business people yesterday."

MNC Financial Inc. said yesterday it closed the public sale of its credit-card unit for more than $1.1 billion and immediately used part of the proceeds to repay a $271 million loan it received from its banking subsidiaries, Maryland National Bank and American Security Bank.The Baltimore-based banking company also said that the number of shares sold in MBNA Corp., the fourth-largest issuer of credit cards in the nation, was increased to 49.5 million shares from the originally planned 45 million shares in response to strong market demand.

Lucy B. Henson, a retired Carroll County Bank and Trust Co. official who earlier had worked for Maryland National Bank, died Jan. 17 of myelodysplastic anemia at her Timonium home. She was 84. Lusitania Benedetto, daughter of Italian immigrant tailors, was born and raised in Wilmington, Del. After graduating from Wilmington High School in 1944, she began her college studies at George Washington University. Deciding she wanted to become a teacher, she transferred to Wilson Teachers College, now the University of the District of Columbia, where she earned her bachelor's degree in 1950.

H. Grant Hathaway, who helped build Equitable Bancorporation into one of the city's most successful banking companies, said yesterday that he will retire this month as vice chairman of MNC Financial Inc., the company that boughtEquitable in 1989.Mr. Hathaway, 65, also will retire as chairman of MNC's largest subsidiary, Maryland National Bank. He will continue to serve as a director of MNC and American Security Bank, another unit of MNC, and as director and chairman emeritus of Maryland National Bank.