Advertisement
HomeCollectionsMaryland Permanent
IN THE NEWS

Maryland Permanent

FEATURED ARTICLES
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Sun Staff Writer | July 1, 1995
First Mariner Bancorp, the bank founded by former Baltimore Bancorp Chairman Edwin F. Hale Sr., suffered a setback this week in its bid to take over Maryland Permanent Bank & Trust Co. of Owings Mills as shareholders rejected First Mariner's bid to acquire the $32 million bank.Maryland Permanent Chairman Michael P. Meisel said the First Mariner offer won majority support from shareholders, but did not get the required two-thirds majority at a shareholder meeting Thursday.First Mariner offered to pay $18.69 a share in cash for Maryland Permanent, as well as a 50-cent dividend that pushed the overall value to $19.19 for each share of the Owings Mills bank, Mr. Meisel said.
ARTICLES BY DATE
BUSINESS
By Rona Kobell and Rona Kobell,SUN STAFF | May 24, 2000
Baltimore attorney Arnold V. Hawkins filed for a fourth bankruptcy yesterday, stopping a foreclosure sale on a Charles County shopping center about an hour before it was to begin. Hawkins' company, Green Acres Investments Inc., borrowed $900,000 from Maryland Permanent Bank & Trust Co. to buy the site, the Acton Square Shopping Center in June 1998. But he defaulted on the loan and Maryland Permanent sued. In February, a judge ordered Hawkins to pay $929,446. But after the judgement, the bank learned Green Acres no longer owned the property.
Advertisement
BUSINESS
By Rona Kobell and Rona Kobell,SUN STAFF | May 24, 2000
Baltimore attorney Arnold V. Hawkins filed for a fourth bankruptcy yesterday, stopping a foreclosure sale on a Charles County shopping center about an hour before it was to begin. Hawkins' company, Green Acres Investments Inc., borrowed $900,000 from Maryland Permanent Bank & Trust Co. to buy the site, the Acton Square Shopping Center in June 1998. But he defaulted on the loan and Maryland Permanent sued. In February, a judge ordered Hawkins to pay $929,446. But after the judgement, the bank learned Green Acres no longer owned the property.
NEWS
April 20, 1998
Maryland Permanent Bank wins SBA service awardMaryland Permanent Bank has been named one of the top 10 "small-business friendly" banks in Maryland by the Baltimore office of the U.S. Small Business Administration.Selection was based on the number of loan guarantees completed through the Small Business Administration in fiscal 1997.During the fiscal year, 77 banks completed a total of 577 guaranteed loans in Maryland. The top 10 banks accounted for 64 percent of the total loans guaranteed in the state.
NEWS
April 20, 1998
Maryland Permanent Bank wins SBA service awardMaryland Permanent Bank has been named one of the top 10 "small-business friendly" banks in Maryland by the Baltimore office of the U.S. Small Business Administration.Selection was based on the number of loan guarantees completed through the Small Business Administration in fiscal 1997.During the fiscal year, 77 banks completed a total of 577 guaranteed loans in Maryland. The top 10 banks accounted for 64 percent of the total loans guaranteed in the state.
BUSINESS
By David Conn and David Conn,Sun Staff Writer | April 19, 1995
Trucking, shipping and banking executive Edwin F. Hale Sr. has targeted a small Pikesville bank as the next step in building his latest venture, First Mariner Bancorp.Mr. Hale confirmed this week that he submitted a proposal for Maryland Permanent Bank & Trust, an 88-year-old establishment with a single office and about $32 million in assets, about three weeks ago."They have a pretty well-capitalized company that has a significant amount of deposits, and we have a significant loan demand, and we feel we have a match that would work out," Mr. Hale said.
NEWS
By JACQUES KELLY | February 8, 1993
It may be a "legal fiction," but Orthodox Jewish depositors never receive interest on their savings at a Reisterstown Road bank. Each month, a "percentage of profits" is recorded on their accounts.When they pay off a loan, they do not pay interest. The monthly loan charge is recorded as a "share of the bank's expenses."Some people call the Maryland Permanent Bank and Trust Co., in the 6500 block of Reisterstown Road, a "kosher bank." The term refers to the way this 83-year-old institution accommodates the many cultural traditions in the neighborhoods it serves.
BUSINESS
By Ross Hetrick and Ross Hetrick,Evening Sun Staff | November 28, 1990
There are kosher pickles, kosher rye bread and kosher hot dogs. Now there is a kosher bank.In an effort to cater to observant Jews in the Baltimore area, Maryland Permanent Bank & Trust Co., a bank with one office on Reisterstown Road, became the first bank in the Baltimore area to change its charter so that it will comply with Jewish usury laws."
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Sun Staff Writer | July 20, 1995
First Mariner Bank will place automated teller machines in all 14 Mars supermarkets in metropolitan Baltimore and will build branches in four stores, as the companies announced that Mars will also invest money in the fledgling institution and take two seats on the banking company's board of directors.The move is one of a series by First Mariner Bancorp Chairman Edwin F. Hale Sr., who co-founded the company in May.In addition, First Mariner plans two private placements to raise $15 million in new capital, enough to propel the bank's assets to at least $220 million.
BUSINESS
May 30, 1994
* Towson Business Association is accepting limited advance registration for singles and foursomes for its annual golf outing. The July 19 event will be held at the Pine Ridge Golf Course on Dulaney Valley Road. Cost is $65 per person or $250 per foursome. Call 825-1144 for more information.ON THE BOARD* Maryland Permanent Bank announced the election of Michael P. Meisel as chairman of the board and the addition of David Phillips, expanding the board of directors to 12.NEW ACCOUNTS & CONTRACTS* Rusk & Company, of White Marsh, has been chosen by Health Facilities Association of Maryland as its principal accountant and auditor.
BUSINESS
July 21, 1997
New positionsSnowden appointed senior vice president at McCormick divisionMcCormick & Co. announced the appointment of Gerald W. Snowden as senior vice president of the international spice and flavorings company's McCormick/Schilling division.He had been president of its subsidiary, McCormick Canada Inc. A native of Ontario, he is a business administration graduate of the University of Western Ontario.Hooper gets two posts at Petroleum & ResourcesPetroleum & Resources Corp. elected Lawrence L. Hooper Jr. secretary and general counsel.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Sun Staff Writer | July 20, 1995
First Mariner Bank will place automated teller machines in all 14 Mars supermarkets in metropolitan Baltimore and will build branches in four stores, as the companies announced that Mars will also invest money in the fledgling institution and take two seats on the banking company's board of directors.The move is one of a series by First Mariner Bancorp Chairman Edwin F. Hale Sr., who co-founded the company in May.In addition, First Mariner plans two private placements to raise $15 million in new capital, enough to propel the bank's assets to at least $220 million.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Sun Staff Writer | July 1, 1995
First Mariner Bancorp, the bank founded by former Baltimore Bancorp Chairman Edwin F. Hale Sr., suffered a setback this week in its bid to take over Maryland Permanent Bank & Trust Co. of Owings Mills as shareholders rejected First Mariner's bid to acquire the $32 million bank.Maryland Permanent Chairman Michael P. Meisel said the First Mariner offer won majority support from shareholders, but did not get the required two-thirds majority at a shareholder meeting Thursday.First Mariner offered to pay $18.69 a share in cash for Maryland Permanent, as well as a 50-cent dividend that pushed the overall value to $19.19 for each share of the Owings Mills bank, Mr. Meisel said.
BUSINESS
By David Conn and David Conn,Sun Staff Writer | April 19, 1995
Trucking, shipping and banking executive Edwin F. Hale Sr. has targeted a small Pikesville bank as the next step in building his latest venture, First Mariner Bancorp.Mr. Hale confirmed this week that he submitted a proposal for Maryland Permanent Bank & Trust, an 88-year-old establishment with a single office and about $32 million in assets, about three weeks ago."They have a pretty well-capitalized company that has a significant amount of deposits, and we have a significant loan demand, and we feel we have a match that would work out," Mr. Hale said.
BUSINESS
October 17, 1994
New positions* ECO Purification Systems USA, announced the selection of Douglas L. Esse, Jr. as president.* Decorating Den named James S. Bugg Jr. as its new president and chief executive officer.* Cambridge Inc., a manufacturer of wire cloth, named Rhonda Tall assistant controller.* London Fog Industries appointed Andrew Chesley as general manager and Mark Stanislowski as business manager for women's business, and Mary Alice Kelly as general manager and David Adair as business manager for men's business.
BUSINESS
May 30, 1994
* Towson Business Association is accepting limited advance registration for singles and foursomes for its annual golf outing. The July 19 event will be held at the Pine Ridge Golf Course on Dulaney Valley Road. Cost is $65 per person or $250 per foursome. Call 825-1144 for more information.ON THE BOARD* Maryland Permanent Bank announced the election of Michael P. Meisel as chairman of the board and the addition of David Phillips, expanding the board of directors to 12.NEW ACCOUNTS & CONTRACTS* Rusk & Company, of White Marsh, has been chosen by Health Facilities Association of Maryland as its principal accountant and auditor.
BUSINESS
October 17, 1994
New positions* ECO Purification Systems USA, announced the selection of Douglas L. Esse, Jr. as president.* Decorating Den named James S. Bugg Jr. as its new president and chief executive officer.* Cambridge Inc., a manufacturer of wire cloth, named Rhonda Tall assistant controller.* London Fog Industries appointed Andrew Chesley as general manager and Mark Stanislowski as business manager for women's business, and Mary Alice Kelly as general manager and David Adair as business manager for men's business.
BUSINESS
March 7, 1994
New positionsDuron Paints & Wallcoverings appointed Robert V. Dietz chief financial officer and vice president of finance.* Brightwood, a Brooklandville retirement community, named Sibyl B. Gibbs marketing director, Dorothy C. Boyce marketing manager, Betsy Michaels sales manager and Mary Warren Whitescarver as move-in coordinator.* Columbus Center Development named Phyllis K. DuVal director of institutional development.* Biospherics appointed Richard D. Brown vice president and chief financial officer; Sylvia Williams, vice president, deputy director of information services; and Dale Forest director ofplanning and corporate development.
BUSINESS
March 7, 1994
New positionsDuron Paints & Wallcoverings appointed Robert V. Dietz chief financial officer and vice president of finance.* Brightwood, a Brooklandville retirement community, named Sibyl B. Gibbs marketing director, Dorothy C. Boyce marketing manager, Betsy Michaels sales manager and Mary Warren Whitescarver as move-in coordinator.* Columbus Center Development named Phyllis K. DuVal director of institutional development.* Biospherics appointed Richard D. Brown vice president and chief financial officer; Sylvia Williams, vice president, deputy director of information services; and Dale Forest director ofplanning and corporate development.
NEWS
By JACQUES KELLY | February 8, 1993
It may be a "legal fiction," but Orthodox Jewish depositors never receive interest on their savings at a Reisterstown Road bank. Each month, a "percentage of profits" is recorded on their accounts.When they pay off a loan, they do not pay interest. The monthly loan charge is recorded as a "share of the bank's expenses."Some people call the Maryland Permanent Bank and Trust Co., in the 6500 block of Reisterstown Road, a "kosher bank." The term refers to the way this 83-year-old institution accommodates the many cultural traditions in the neighborhoods it serves.
Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.