= Subscriber content; or subscribe now to access all American Banker content.

When Getting Capital Means Getting Rid of the CEO

To close on a $36.4M injection from Priam Capital Fund I LP, 1st Mariner must raise another $123.6M — and part ways with Edwin Hale Sr., the company's founder, chairman and CEO.

To continue, please sign in or subscribe
FREE 14-DAY
TRIAL
  • Full access to banking's most comprehensive daily report
  • Daily, weekly, and topic-based newsletters and alerts
  • Award-winning analysis and insight, focused on bankers' key concerns
No credit card needed
PREMIUM
SUBSCRIPTIONS
Core subscription content plus:
  • Bimonthly industry research reports
  • Morning Scan Plus (Premium e-newsletter)
  • American Banker mobile app
Have an account?
SIGN IN HERE
Remember me