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October 24, 2011
APG Federal Credit Union, Harford and Cecil County's largest credit union, has announced Thomas J. Arena recently joined the credit union's marketing department in the new position of product manager. Arena brings more than 10 years of product development, management and marketing experience to the credit union. As a key member of APGFCU's marketing team, he will be responsible for developing and managing new and existing products, services and making other improvements to enhance the member experience.
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BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | March 10, 2014
A bankruptcy judge approved First Mariner Bancorp's request to auction off its Baltimore bank quickly, a process that drew heated objections from creditors and the U.S. trustee. Judge David E. Rice set the deadline to bid on 1st Mariner Bank for April 7, with the auction to be held three days later if any bids come through. In an order filed over the weekend, he wrote that the bank's parent company "articulated good and sufficient reasons" for the timing and other procedures. The bank isn't part of the bankruptcy case, and its parent has stressed that bank deposits, contracts and other business will not be affected.
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BUSINESS
June 11, 1994
John Hanson branches soldThe Resolution Trust Corp. approved the sale of the branches and some of the assets of the failed John Hanson Federal Savings Bank of Beltsville to four financial institutions, federal officials announced yesterday.The RTC said John Hanson's nine branches have been split among:* First Fidelity Bank, a subsidiary of Lawrenceville, N.J.-based First Fidelity Bancorporation. First Fidelity, which also agreed this spring to buy Baltimore Bancorp, has acquired three branches and assumed $66 million in deposits.
BUSINESS
Jay Hancock | December 23, 2011
The winds of economic destruction blow as hard in Baltimore as anywhere else. But business brainpower tends to stay anchored to the land of pleasant living. Alex. Brown is long gone, but the firm's tradition and former employees carry on at Brown Advisory, Signal Hill Capital and other firms. Legg Mason's former securities-research operation runs under the Stifel Nicolaus label. Felix Dawson isn't employed by Constellation Energy any more, but he's still here, working to save the Baltimore Grand Prix.
BUSINESS
Jay Hancock | December 23, 2011
The winds of economic destruction blow as hard in Baltimore as anywhere else. But business brainpower tends to stay anchored to the land of pleasant living. Alex. Brown is long gone, but the firm's tradition and former employees carry on at Brown Advisory, Signal Hill Capital and other firms. Legg Mason's former securities-research operation runs under the Stifel Nicolaus label. Felix Dawson isn't employed by Constellation Energy any more, but he's still here, working to save the Baltimore Grand Prix.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | March 10, 2014
A bankruptcy judge approved First Mariner Bancorp's request to auction off its Baltimore bank quickly, a process that drew heated objections from creditors and the U.S. trustee. Judge David E. Rice set the deadline to bid on 1st Mariner Bank for April 7, with the auction to be held three days later if any bids come through. In an order filed over the weekend, he wrote that the bank's parent company "articulated good and sufficient reasons" for the timing and other procedures. The bank isn't part of the bankruptcy case, and its parent has stressed that bank deposits, contracts and other business will not be affected.
BUSINESS
By Hanah Cho, The Baltimore Sun | June 10, 2011
Robert G. Wilmers, M&T Bank Corp.'s chairman and chief executive officer, has been leading the Buffalo, N.Y., bank's shopping spree in Maryland. After gaining a foothold in the state with the purchase of Allfirst Financial Inc. in 2003 (the same year it bought the naming rights to the Ravens' stadium), M&T solidified its position by buying Baltimore-based Provident Bankshares Corp. five years later. Then M&T took over two failed banks in Maryland amid the financial crisis, buying Bradford Bank and K Bank in the last two years.
BUSINESS
By Hanah Cho, The Baltimore Sun | March 28, 2011
Baltimore-based Wilmington Trust Federal Savings Bank, which provides commercial banking and wealth management, has entered into an agreement with federal regulators to boost capital levels and reduce bad loans on its books. The agreement, reached last month, comes as the bank's parent, Wilmington Trust Corp., is being acquired by M&T Bank Corp., but bank officials and analysts said the regulatory scrutiny is not expected to affect the merger. The Office of Thrift Supervision found that Wilmington Trust Federal Savings "has engaged in unsafe or unsound practices.
BUSINESS
By Baltimore Sun | April 26, 2011
The Federal Reserve Board has approved M&T Bank Corp.'s application to acquire Wilmington Trust Corp. The Delaware-based Wilmington Trust Corp., struggling with bad real estate loans, agreed in November to sell itself to Buffalo, N.Y.-based M&T for $351 million. A Baltimore-based unit of the corporation, Wilmington Trust Federal Savings Bank, entered into an agreement with federal regulators to boost capital levels and reduce bad loans on its books in February. The savings bank provides commercial banking and wealth management.
BUSINESS
By Hanah Cho, The Baltimore Sun | May 12, 2011
M&T Bank Corp. is expected to close Monday on the purchase of Wilmington Trust Corp. after receiving all regulatory approvals required under the deal, M&T announced Thursday. Delaware-based Wilmington Trust, struggling with bad real estate loans, agreed in November to sell itself to Buffalo, N.Y.-based M&T for $351 million. Wilmington Trust Corp. does not operate retail branches in Maryland. It has wealth management and corporate client offices in Baltimore and Bel Air. M&T Bank officials have said they will retain the 35 employees in those two offices.
EXPLORE
October 24, 2011
APG Federal Credit Union, Harford and Cecil County's largest credit union, has announced Thomas J. Arena recently joined the credit union's marketing department in the new position of product manager. Arena brings more than 10 years of product development, management and marketing experience to the credit union. As a key member of APGFCU's marketing team, he will be responsible for developing and managing new and existing products, services and making other improvements to enhance the member experience.
BUSINESS
By Hanah Cho, The Baltimore Sun | June 10, 2011
Robert G. Wilmers, M&T Bank Corp.'s chairman and chief executive officer, has been leading the Buffalo, N.Y., bank's shopping spree in Maryland. After gaining a foothold in the state with the purchase of Allfirst Financial Inc. in 2003 (the same year it bought the naming rights to the Ravens' stadium), M&T solidified its position by buying Baltimore-based Provident Bankshares Corp. five years later. Then M&T took over two failed banks in Maryland amid the financial crisis, buying Bradford Bank and K Bank in the last two years.
BUSINESS
By Baltimore Sun | April 26, 2011
The Federal Reserve Board has approved M&T Bank Corp.'s application to acquire Wilmington Trust Corp. The Delaware-based Wilmington Trust Corp., struggling with bad real estate loans, agreed in November to sell itself to Buffalo, N.Y.-based M&T for $351 million. A Baltimore-based unit of the corporation, Wilmington Trust Federal Savings Bank, entered into an agreement with federal regulators to boost capital levels and reduce bad loans on its books in February. The savings bank provides commercial banking and wealth management.
BUSINESS
By Hanah Cho, The Baltimore Sun | March 28, 2011
Baltimore-based Wilmington Trust Federal Savings Bank, which provides commercial banking and wealth management, has entered into an agreement with federal regulators to boost capital levels and reduce bad loans on its books. The agreement, reached last month, comes as the bank's parent, Wilmington Trust Corp., is being acquired by M&T Bank Corp., but bank officials and analysts said the regulatory scrutiny is not expected to affect the merger. The Office of Thrift Supervision found that Wilmington Trust Federal Savings "has engaged in unsafe or unsound practices.
BUSINESS
June 11, 1994
John Hanson branches soldThe Resolution Trust Corp. approved the sale of the branches and some of the assets of the failed John Hanson Federal Savings Bank of Beltsville to four financial institutions, federal officials announced yesterday.The RTC said John Hanson's nine branches have been split among:* First Fidelity Bank, a subsidiary of Lawrenceville, N.J.-based First Fidelity Bancorporation. First Fidelity, which also agreed this spring to buy Baltimore Bancorp, has acquired three branches and assumed $66 million in deposits.
BUSINESS
April 11, 2004
Monday Earnings reports Commerce Banc, Fannie Mae, Fleet Boston, Gannett, New York Times, Unisys, J.B. Hunt, Tractor Supply Tuesday * March retail sales Earnings reports AmSouth Banc, CDW Corp., Delta Air Lines, Dow Jones, E*Trade, IBM, Johnson & Johnson, Manpower, State Street, Wells Fargo, Motorola, Washington Mutual Wednesday * Consumer Price Index for March * February balance-of-trade report Earnings reports Bank of America, Baxter, Coca-Cola, J.P. Morgan Chase, Merrill Lynch, Tellabs, Apple Computer, Molex, Texas Instruments Thursday * Initial unemployment claims Earnings reports Ceridian, Citigroup, Continental Air, Equitable Res, Fairchild Semi, Fifth Third, Fortune Brands, Honeywell, Johnson Controls, PepsiCo, Southwest Air, Tribune, UnitedHealth Group, Sun Microsystems Friday * Housing starts and building permits for March * Industrial production for March Earnings reports Delphi Auto, Diamond Offshore, Wilmington Trust, W.W. Grainger, Compass Banc
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