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NEWS
November 6, 2001
Melvin F. Wallace Sr., 82, president, director of bank Melvin F. Wallace Sr., retired president and former director of Bradford Federal Savings Bank, died Oct. 30 of diverticulitis at Atlantic General Hospital in Berlin. He was 82. Mr. Wallace, a resident of Catonsville and Hampstead for many years, had lived in Ocean Pines since 1993. He began his Baltimore banking career in 1946 at the former Bradford Federal Savings and Loan Association, working there until being named managing officer and director of Kenwood Federal Savings and Loan in 1959.
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NEWS
March 23, 2000
Margaret Rosezarian Harris, 56, the first black woman to conduct the symphony orchestras of Chicago, Detroit, Los Angeles and 13 other U.S. cities, died March 7 of a heart attack in New York. A piano recitalist, Ms. Harris gained the most prominence as a conductor. She also worked on Broadway, notably as music director of the musical "Hair." Ivan Hirst, a British army engineer who was instrumental in putting the Volkswagen into mass production after World War II and getting the car maker's famed Beetle to roll off the assembly line, died March 10 in Marsden.
NEWS
November 12, 1999
Patrick J. Coughlin Jr., 76, attorney, bank presidentPatrick Joseph Coughlin Jr., a Baltimore attorney and chairman of Liberty Federal Savings and Loan Association, died Tuesday of emphysema at Mercy Medical Center in Baltimore. The Homeland resident was 76.Mr. Coughlin was president of the savings and loan association from 1980 until retiring from that position in 1997. At the time of his death, he was serving as the bank's chairman of the board.He had been president of Hearthstone Savings and Loan Association on York Road from 1965 until 1974, when it merged with Baltimore Federal Savings and Loan.
BUSINESS
By Bill Atkinson | September 15, 1999
The nation's top savings and loan regulator said yesterday that the computer systems of Maryland's 64 federal and state thrifts should work without problems at the start of the new year."
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | July 24, 1999
T. Rowe Price Associates Inc. won approval yesterday to operate a federal savings and loan that will allow it to offer certificates of deposit nationwide.The new T. Rowe Price Savings Bank, based in Baltimore, will not make loans or sell mutual funds, according to the Office of Thrift Supervision, the Treasury Department agency that regulates federal savings and loans."We just want to round out the range of investment services and savings opportunities for individual investors," said Steven E. Norwitz, a spokesman for the Baltimore mutual fund company.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | May 22, 1999
Legg Mason Inc. received approval yesterday from a federal regulator to operate a savings and loan, which will allow it to offer trust services to customers nationwide.The Baltimore-based brokerage and money management firm manages $60 billion in its private client division, and the savings and loan will be able to offer those clients trust products, said Timothy Scheve, executive vice president in charge of administration.Before the decision, Legg Mason was prohibited from selling trust products to clients in states that would not accept a Maryland licensed trust company.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | May 14, 1998
In what company officials termed a defensive move, Legg Mason Inc. has filed an application with a federal regulator to operate a savings and loan.The Baltimore-based brokerage and money management firm XTC filed papers with the Office of Thrift Supervision in Washington to charter Legg Mason Trust Bank FSB.Raymond A. "Chip" Mason, Legg's chairman and chief executive, said the company has no immediate plans to start the savings and loan even if it gets...
NEWS
By Dan Berger | September 5, 1997
Ben Cardin can deal with anything except uncertainty.Polls show that the only thing wrong with our governor is that no one likes him. He is Merlin's Royal Family.RDOne of the photographers arrested in Paris was a Mr. Rat. Fact.The downfall of the governor of Arizona is a late hit from the savings and loan scandals of the 1980s and a true Maryland tragedy.Pub Date: 9/05/97
NEWS
By Scott Higham and Scott Higham,SUN STAFF Sun staff writers Robert A. Erlandson and John Rivera contributed to this article | June 5, 1997
Federal prosecutors charged former Baltimore County Councilman Gary Huddles yesterday with laundering the proceeds from a cocaine trafficking operation allegedly run by a one-time law firm client.Prosecutors charged Huddles in a criminal information, a procedure that precludes taking the case before a grand jury. Huddles, 57, did not return several phone calls. His attorney, Robert B. Schulman, declined to comment."We haven't seen it yet. Until we've seen it, it's inappropriate for us to make any comments," Schulman said.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | March 26, 1997
In an unusual move, BUCS Federal Credit Union has applied with a federal regulator to become a savings and loan.The Owings Mills-based credit union filed an application with the savings and loan industry's regulator, the Washington-based Office of Thrift Supervision, to become a mutually owned thrift.BUCS Federal would become only the third credit union to drop its charter and convert to a thrift, officials with the government and the credit union said.Herbert J. Moltzan, BUCS' president and CEO, said board members agreed to the switch because credit unions are bound by laws that restrict expansion.
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