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By David Conn and David Conn,Staff Writer | September 4, 1992
The 75 state-chartered banks in Maryland turned in an encouraging performance during the first half of the year, earning 19 percent more money than in the same period last year.Maryland's bank commissioner reported that the state-chartered banks earned a profit of $88 million for the period, compared with $73.8 million during the first half of 1991.The gain was even more impressive when contrasted with the last half of 1991, when Maryland-chartered banks lost $120.2 million.The biggest winner during the period was Mercantile Bankshares Corp.
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BUSINESS
By Hanah Cho, The Baltimore Sun | September 30, 2011
Baltimore County Savings Bank has converted from a federally chartered savings institution to a state-chartered commercial bank, it announced Friday. Joseph J. Bouffard, the president and chief executive officer of the bank and parent BCSB Bancorp, said the move was is consistent with the bank's community banking focus and would allow it to better "compete in our market. " The conversion became effective as of Friday's closing. It will not change customers' loan and deposit accounts or the Federal Deposit Insurance Corp's $250,000 insurance limit.
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BUSINESS
By Peter H. Frank | December 10, 1991
State-chartered banks in Maryland suffered an overall $23.9 million loss during the third-quarter as a number of the state's largest institutions showed continuing problems tied to souring loans.But most of the drop was caused by large losses at two of the state's largest banks, Sovran Bank/Maryland and the Bank of Baltimore, and the majority of banks in the state showed consistent profits through this year, according to figures released by the state bank commissioner.Excluding the results from those two large banks, the remaining 74 institutions earned $32 million during this year's quarter.
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
By Ross Hetrick and Ross Hetrick,Evening Sun Staff | June 6, 1991
Hurt by large losses at a few major banks, earnings at Maryland's 78 state-chartered banks dropped by more than half during the first quarter.The office of the state bank commissioner has reported that state-chartered banks had total earnings of $26.6 million in the first quarter, a 56.4 percent drop from the $61 million earned during the 1990 first quarter.K? The figures did not include the first-quarter net income ofbanks with national charters, such as Maryland National Bank or First National Bank of Maryland, the two largest banks in the state.
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 Peter H. Frank | February 13, 1991
State-chartered banks in Maryland ended a dismal 1990 with their first quarterly loss in years as the local industry recorded a sixfold increase in the amount it put away to protect against a surge in problem loans.The 78 state-chartered banks, which account for roughly half of the bank assets in Maryland, lost $12.1 million during last year's fourth quarter, according to figures released yesterday by state regulators. In the final three months of 1989, they had income of $59.6 million.The figures released yesterday did not include the results for nationally chartered banks in Maryland, which include the state's two largest, Maryland National Bank and First National Bank of Maryland.
BUSINESS
By John A. Morris | April 1, 1994
For the first time in more than 37 years, all Maryland banks may be open on this Good Friday.Until this year, state-chartered banks had been prohibited from opening on the religious holiday. The prohibition placed them at a competitive disadvantage with federally chartered banks and thrifts, which observe federal holidays, said John Bowers, executive vice president of the Maryland Bankers Association. Good Friday is not a federal holiday.Thanks to state lawmakers, who removed the prohibition last year, the 71 state-chartered banks have an option this year.
BUSINESS
By Peter H. Frank | November 7, 1990
State-chartered banks in Maryland suffered a 37 percent decline in net income during the third quarter as the cost of bad loans soared compared with a year ago.In all, the 78 state-chartered banks reported total income of $41.6 million for the three months ended Sept. 30, down from last year's earnings of $66.3 million, according to figures released this week by state regulators.Fueled in large part by souring real estate loans, the lenders' earnings suffered primarily from a collective addition of $42.5 million to reserves aimed at covering the future costs of problem loans.
BUSINESS
By David Conn and David Conn,Sun Staff Writer | June 4, 1994
Maryland's state-chartered banks shored up their financial reserves in the first quarter of this year, but the price was a small drop in profitability, according to a state report.The 70 mostly smaller banks and trust companies that are regulated primarily by the state managed a first-quarter return on assets of 0.93 percent, the Maryland Bank Commissioner reported this week, despite a rise in interest rates that generally benefited financial institutions. Return on assets -- or net income divided by assets -- is a ratio that measures profitability without .. regard to the size of an institution.
BUSINESS
By Laura Smitherman and Laura Smitherman,SUN REPORTER | December 14, 2007
A ruling yesterday from the state's highest court over prepayment mortgage charges could make it more expensive for some to obtain home equity loans, the banking industry's trade association warned. The Maryland Court of Appeals found that state-chartered Provident Bank assessed a "prepayment charge" that's not allowed under state law. The bank had waived $680 in closing costs on a $17,000 loan to Andrew Bednar in 2003 but collected the money after the loan was paid off early when he refinanced with another lender two years later.
NEWS
By William Patalon III and William Patalon III,SUN STAFF | March 5, 2002
The state of Maryland's last line of defense against bank fraud is overmatched and understaffed to catch a scheme such as the one that hid hundreds of millions of dollars in losses at Allfirst Financial Inc. for more than half a decade, banking experts say. Mary Louise Preis, Maryland's commissioner of financial regulation, and others warned of an examiner shortage five years ago as the number of state-chartered banks - including Allfirst - began to...
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | December 30, 1998
Maryland's banking commissioner has approved First National Bank of Maryland's application to convert to a state banking charter, the Division of Financial Regulation said yesterday.The decision will bring in about $1.2 million in annual fees to the state, and nearly double the amount of assets overseen by the agency."They are in good financial condition, and they are well capitalized," said Anthony H. Zelaznicki, the state's assistant banking commissioner, who was instrumental in the decision.
BUSINESS
By David Conn and David Conn,Sun Staff Writer | June 4, 1994
Maryland's state-chartered banks shored up their financial reserves in the first quarter of this year, but the price was a small drop in profitability, according to a state report.The 70 mostly smaller banks and trust companies that are regulated primarily by the state managed a first-quarter return on assets of 0.93 percent, the Maryland Bank Commissioner reported this week, despite a rise in interest rates that generally benefited financial institutions. Return on assets -- or net income divided by assets -- is a ratio that measures profitability without .. regard to the size of an institution.
BUSINESS
By John A. Morris | April 1, 1994
For the first time in more than 37 years, all Maryland banks may be open on this Good Friday.Until this year, state-chartered banks had been prohibited from opening on the religious holiday. The prohibition placed them at a competitive disadvantage with federally chartered banks and thrifts, which observe federal holidays, said John Bowers, executive vice president of the Maryland Bankers Association. Good Friday is not a federal holiday.Thanks to state lawmakers, who removed the prohibition last year, the 71 state-chartered banks have an option this year.
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.
NEWS
March 19, 1992
Parking CrunchFunny how before the condos, marinas and expensive houses were built, truck traffic wasn't a problem in Fells Point and Canton. But now that the city, at the behest of the affluent, has successfully tackled the problem of truckers, it could solve another problem on Boston Street too.Several years ago, the city built a nice little fishing pier and viewing area on a vacant lot on Boston Street. The parking area that goes along with it includes a sign that states, "Parking for fishing pier only."
BUSINESS
By Laura Smitherman and Laura Smitherman,SUN REPORTER | December 14, 2007
A ruling yesterday from the state's highest court over prepayment mortgage charges could make it more expensive for some to obtain home equity loans, the banking industry's trade association warned. The Maryland Court of Appeals found that state-chartered Provident Bank assessed a "prepayment charge" that's not allowed under state law. The bank had waived $680 in closing costs on a $17,000 loan to Andrew Bednar in 2003 but collected the money after the loan was paid off early when he refinanced with another lender two years later.
BUSINESS
By David Conn and David Conn,Staff Writer | September 4, 1992
The 75 state-chartered banks in Maryland turned in an encouraging performance during the first half of the year, earning 19 percent more money than in the same period last year.Maryland's bank commissioner reported that the state-chartered banks earned a profit of $88 million for the period, compared with $73.8 million during the first half of 1991.The gain was even more impressive when contrasted with the last half of 1991, when Maryland-chartered banks lost $120.2 million.The biggest winner during the period was Mercantile Bankshares Corp.
NEWS
March 19, 1992
Parking CrunchFunny how before the condos, marinas and expensive houses were built, truck traffic wasn't a problem in Fells Point and Canton. But now that the city, at the behest of the affluent, has successfully tackled the problem of truckers, it could solve another problem on Boston Street too.Several years ago, the city built a nice little fishing pier and viewing area on a vacant lot on Boston Street. The parking area that goes along with it includes a sign that states, "Parking for fishing pier only."
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