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February 5, 2005
Douglas de Sparre Browne, a banking data operations worker, ended his life Sunday. A Lake-Walker resident, he was 48. Family members said Mr. Browne was under a physician's care and had been suffering from depression because of health problems. Born in Baltimore, he was the son of Baltimore artist Robert R. Browne. He was a great-grandson of McKee Barclay, a well-known Sun political cartoonist in the early 20th century. Mr. Browne was a Towson Senior High School graduate and attended Towson University.
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NEWS
By Hanah Cho, The Baltimore Sun | April 27, 2012
State banking regulators closed two Maryland banks Friday, the first two bank failures in the state since 2010. The Maryland Commissioner of Financial Regulation shut down the Bank of the Eastern Shore in Cambridge and appointed the Federal Deposit Insurance Corporation as receiver. The FDIC created the Deposit Insurance National Bank of Eastern Shore to allow customers to access their deposits until May 25. The state financial commissioner also closed HarVest Bank of Maryland in Gaithersburg, whose deposits and other assets were acquired by Sonabank in McLean, Va. HarVest's four branches will reopen during normal business hours as Sonabank's branches.
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BUSINESS
By a Sun Staff Writer | December 16, 1994
Mercantile Bankshares Corp. continued yesterday to add to its system of community banks by announcing an agreement to buy the Sparks State Bank, a five-branch Baltimore County operation with nearly $190 million in assets.Mercantile, parent of the Mercantile-Safe Deposit & Trust Co. and 20 other banking units, has agreed to pay 2.33 shares for each of the 771,300 shares of Sparks that will be outstanding after Dec. 31. That is when Sparks plans to pay a 20 percent stock dividend to its shareholders.
EXPLORE
April 17, 2012
Editor: This letter is written with regard to The Aegis article on April 6 about the PNC Bank at 140 N. Main St. in Bel Air closing this summer. The article mentions that this bank, which was originally a branch of the Forest Hill State Bank, was Forest Hill's "first expansion beyond its namesake community. " This is definitely not the case. The Forest Hill State Bank first ventured outside of Forest Hill when they opened the original Jarrettsville branch in, I believe, 1964.
NEWS
By Kristine Henry and Kristine Henry,SUN STAFF | March 12, 1999
The departure of longtime President Charles H. Smelser marks the end of an era for New Windsor State Bank, but its new management team is forging ahead with technology updates and plans for a second location."
NEWS
By Frederick N. Rasmussen and Frederick N. Rasmussen,SUN STAFF | March 16, 2003
R. Kent Wilson, a retired Harford County banker whose career spanned 35 years, died of heart failure Wednesday at Hart Heritage, an assisted-living facility in Street. The longtime Forest Hill resident was 90. Born in Baltimore, he was raised in Forest Hill, where his family had lived since the 1700s. After graduating from Bel Air High School in 1931, he attended Western Maryland College, now McDaniel College, and later worked as a deputy clerk for the Harford County Circuit Court for nine years.
BUSINESS
By Ross Hetrick and Ross Hetrick,Evening Sun Staff | February 12, 1991
An article about state-chartered banks in some editions of yesterday's Money Today contained incorrect figures provided by the Office of the State Bank Commissioner.Net income for 78 state-chartered banks declined by 52.8 percent in 1990 to $123 million and the Riverdale-based Citizens Bank & Trust Co. of Maryland had a net income of $25.9 million, according to the revised figures.Hit by souring real estate loans, the 78 state-chartered banks saw their the consolidated net income drop by 49.2 percent in 1990, declining from $260.
BUSINESS
By David Conn and David Conn,Staff Writer | March 4, 1993
Maryland's state-chartered banks, buoyed by the continued drop in interest rates, posted sharply higher earnings in 1992, the State Bank Commissioner reported.The 69 state-chartered banks, two mutual savings banks and two trust companies earned a total of $177.5 million in 1992, contrasted with a loss of $68.5 million in 1991.The biggest participants in the turnaround were the Bank of Baltimore, which turned a $65 million loss in 1991 into a $16million profit last year, and Signet Bank/Maryland, whose $58 million loss two years ago was followed by a $9 million gain in 1992.
BUSINESS
By Ross Hetrick and Ross Hetrick,Evening Sun Staff | September 6, 1991
The combined net income for state-chartered banks in Maryland increased by 45.1 percent during the second quarter, according to statistics released by the state bankcommissioner's office.The 74 commercial banks, one mutual savings bank and one trust company had income of $47.3 million compared to $32.6 million for the 1990 second quarter."I'm hopeful this is a sign of improved earnings," said Bank Commissioner Margie H. Muller. But she was reluctant to say the figures signal an end to banking problems in the state.
NEWS
January 17, 1994
Odenton, as any MARC passenger knows, is one of the busiest commuter stops between Baltimore and Washington. Military uniforms are a telltale sign of the station's proximity to Fort George G. Meade. Parking is at a premium. And the amount of construction going on in Odenton-area subdivisions guarantees that commuting in future years is going to be much heavier still.Which is why we are delighted at the Odenton Heritage Society'sinitiative to turn the old Citizens State Bank, in the 1400 block of Odenton Road, into a snack shop for commuters.
BUSINESS
By Hanah Cho, The Baltimore Sun | July 1, 2010
Sykesville Federal Savings Association announced Thursday that it has changed its name to Carroll Community Bank as part of its conversion to a state-chartered bank. By converting from federally chartered status, Carroll Community can expand its financial services and commercial lending within Maryland's business community, the bank said. The bank, which has two branches in Westminster and Eldersburg, will remain under the same ownership and management. It was founded in 1870.
BUSINESS
July 25, 2009
Stocks edge mostly higher; Microsoft drags Nasdaq NEW YORK - Major stock indicators climbed 11 percent in the past two weeks to their best levels since last fall as hopes for an economic recovery take hold. A series of strong earnings reports has many traders more optimistic about business conditions, while some are simply afraid to miss another rally. Over the past 10 days the Dow Jones industrial average jumped 947 points and broke through the 9,000 barrier for the first time since January.
NEWS
By Rob Stein and Rob Stein,The Washington Post | July 6, 2009
Matthew Brzica and his wife hardly noticed when the hospital took a few drops of blood from each of their four newborn children for routine genetic testing. But then they discovered that the state had kept the dried blood samples ever since - and was making them available to scientists for medical research. n "They're just taking DNA from young kids right out of the womb and putting it into a warehouse," said Brzica, of Victoria, Minn. "DNA is what makes us who we are. It's just not right."
BUSINESS
By BLOOMBERG NEWS | June 20, 2006
WASHINGTON -- The U.S. Supreme Court agreed yesterday to consider a bid by Michigan to regulate Wachovia Corp.'s mortgage-lending business in a case that may open banks to new oversight across the country. The court said it will hear Michigan's appeal to decide whether states can apply their lending rules to subsidiaries of Wachovia and other so-called national banks regulated by the U.S. Office of the Comptroller of the Currency. The issue has arisen in cases across the country, including disputes involving units of National City Corp.
NEWS
February 5, 2005
Douglas de Sparre Browne, a banking data operations worker, ended his life Sunday. A Lake-Walker resident, he was 48. Family members said Mr. Browne was under a physician's care and had been suffering from depression because of health problems. Born in Baltimore, he was the son of Baltimore artist Robert R. Browne. He was a great-grandson of McKee Barclay, a well-known Sun political cartoonist in the early 20th century. Mr. Browne was a Towson Senior High School graduate and attended Towson University.
NEWS
June 20, 2004
Electricity co-op plans sessions for potential members The Carroll County Chamber of Commerce Electricity Cooperative is working with the Taneytown and Mount Airy chambers to help businesses that receive energy from Allegheny Power. Information sessions will be held for businesses interested in joining the co-op in an effort to get the best price on energy when deregulation occurs. Businesses must be a member of one of the three chambers to join the co-op. Informational meetings for businesses that receive energy from Allegheny Power will be held as follows: Thursday from 3 p.m. to 5 p.m. at Taneytown Senior Center, 220 Roberts Mill Road.
BUSINESS
By Robert Nusgart and Robert Nusgart,SUN STAFF | March 17, 1998
A lawyer for Sparks State Bank confirmed yesterday that an escrow account opened by the owner of the defunct Manor Builders Inc. and containing $20,000 has been frozen and that the bank plans to turn the money over to the Baltimore County Circuit Court for eventual disbursement.The lawyer, Jerry S. Sopher, said he expected the transfer to the court to occur this month after a court order is signed.Earlier, attorneys for the Chesapeake Bank of Maryland had filed garnishment proceedings when that bank foreclosed on Manor Builders and its principals, Palmer and Carol Williams.
BUSINESS
By John Fairhall and John Fairhall,Sun Staff Writer | July 12, 1995
Stockholders of Sparks State Bank overwhelmingly approved yesterday a takeover by Mercantile Bankshares Corp. of Baltimore, ending Kenneth T. Bosley's hopes of keeping the Baltimore County bank independent.Mr. Bosley, son of a former president of the bank, didn't own enough shares to change the outcome: 83 percent of stockholders voted in favor, according to Sparks attorney James J. Winn Jr. of Piper & Marbury. Approximately 13 percent of the stockholders did not vote.Mr. Bosley could not be reached for comment after the vote.
NEWS
By Frederick N. Rasmussen and Frederick N. Rasmussen,SUN STAFF | March 16, 2003
R. Kent Wilson, a retired Harford County banker whose career spanned 35 years, died of heart failure Wednesday at Hart Heritage, an assisted-living facility in Street. The longtime Forest Hill resident was 90. Born in Baltimore, he was raised in Forest Hill, where his family had lived since the 1700s. After graduating from Bel Air High School in 1931, he attended Western Maryland College, now McDaniel College, and later worked as a deputy clerk for the Harford County Circuit Court for nine years.
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