April 19, 1999
New positionsNextel appoints Rosenberg director of marketingNextel Communications appointed Ellis R. Rosenberg director of marketing for the wireless carrier's Bethesda-based mid-Atlantic area. The Wharton School and University of Maryland graduate will oversee advertising, public relations, pricing, product introduction and promotions.Hilliard is marketing chief for Comcast OnlineComcast Online Communications named Carrie Hilliard as marketing coordinator for the White Marsh Comcast Cable unit.
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.
November 1, 1995
Sterling Bank and Trust Co. yesterday named Mark H. Anders president and chief executive.Mr. Anders, 41, said he plans to build the $80-million-asset bank's small business loan portfolio as a complement to its private banking department.He said there is a "tremendous" market for local businesses that have sales of less than $5 million annually."The small businessman . . . has not been particularly well served," Mr. Anders said., "The small businessman wantsto be stroked. He also wants to be dealing with decision-makers."
May 24, 1995
Former Baltimore Bancorp Chairman Edwin F. Hale's new bank officially took wing this week, after receiving final approvals from state banking regulators.Mr. Hale had said since December that he planned to buy a 45 percent stake in MarylandsBank Corp. of Towson and convert the savings and loan holding company to a commercial bank.It will focus on serving small business customers who, Mr. Hale said, have been overlooked by bigger banks after a wave of bank mergers. Federal banking regulators completed their review of the bank's creation on May 5.The result is one of Maryland's smallest banks -- with only $27 million in assets, Mr. Hale said, compared to $2.1 billion for Baltimore Bancorp before it was sold to First Fidelity Bancorp.
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.
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.