December 31, 1994
An article in the Business section on Dec. 15 incorrectly characterized some assets that Sterling Bank & Trust Co. had acquired from the federal Resolution Trust Corp. The assets were acquired from failed savings and loans, but the assets themselves were healthy and performing properly, according to Sterling officials.The Sun regrets the errors.
February 4, 2003
Hospice names two new members to foundation board Mark Anders of Baltimore and Mary Ann Treger of Annapolis have been elected to Hospice of the Chesapeake's foundation board of directors. Anders has served as a chief executive officer at Bank Annapolis and Sterling Bank & Trust Co. Treger, a free-lance writer, is a contributing editor for Style magazine and contributing writer for Chesapeake Life magazine.
October 17, 1998
Expanding its base in Central Maryland, Mason-Dixon Bancshares Inc. of Westminster said yesterday that it will acquire Sterling Bancorp, the parent company of Sterling Bank and Trust Co., for $10.3 million in cash.Sterling, a Baltimore bank with four branches and $70 million in assets, will be merged into Mason-Dixon's Bank of Maryland subsidiary.Sterling's Pikesville and downtown Baltimore branches will be closed, but the Timonium and Annapolis branches will be retained. Mason-Dixon expects the consolidation to bring savings of about $2 million, or 66 percent of Sterling's 1998 projected general and administrative expenses.
December 15, 1994
An article in the Business section on Dec. 15 incorrectly characterized some assets that Sterling Bank & Trust Co. had acquired from the federal Resolution Trust Corp. The assets were acquired from failed savings and loans, but the assets themselves were healthy and performing properly, according to Sterling officials.The Sun regrets the errors.Provident Bankshares Corp. accused Sterling Bank & Trust Co. yesterday of running a woefully incompetent commercial loan operation, understating the extent of its financial problems and hiding all of this information in an effort to persuade Provident to buy Sterling.
July 22, 1993
Two more banks were robbed in Baltimore yesterday, bringing the city's 1993 bank robbery total to 68, surpassing the total for all of last year, police reported.Police said the first robbery occurred about 8:55 a.m. at the Maryland National Bank branch in the 100 block of S. Charles St., where a man told a teller that he was armed with a pistol and wanted money.The man never showed a weapon, but was given an undisclosed amount of cash, which he later dropped on the street outside when a dye pack exploded, police said.
May 22, 1995
New positions* Haywood Baker Inc., Odenton-based specialists in ground settlement modification, appointed Robert Rubright president.* Hyatt Regency Baltimore appointed Stefanie Edelman director of off-premise catering.* Cambridge Inc. named James H. Lantz product manager, metal conveyor belting, at the Eastern Shore-based metals company.* Angelica Nurseries, in Kennedyville, appointed Suzy Davis as its customer service representative.Advertising* The Reeves Agency named Shannon Crocken assistant to the president and account coordinator, and expanded its creative staff with the addition of Rachel Haverson as art director.