State Coverage: Maryland

First Mariner in Baltimore Reports Another Loss As Challenges Persist

American Banker | Jan 31

First Mariner Bancorp Inc. in Baltimore said that its fourth-quarter loss narrowed slightly from a year earlier.

Two East Coast Banks Planning to Go Public

American Banker | Nov 29

A Maryland bank is planning a $5 million initial public offering, while a Massachusetts mutual holding company is looking to take the second step in its conversion to become fully public.

Eagle, Alliance Terminate Merger

American Banker | Nov 28

The companies said in a press release Monday that "irreconcilable differences of opinion regarding a number of matters" had developed and, as such, the boards had decided to terminate their agreement.

Sandy Springs in Maryland Reports Higher Earnings Despite Mixed Credit Trends

American Banker | Oct 20

Sandy Spring Bancorp in Olney, Md., said Thursday that its net income rose almost 33% from a year earlier, to $11.3 million.

Eagle of Maryland Hires Commercial Banker

American Banker | Oct 14

Eagle Bancorp Inc. in Bethesda, Md., has hired Virginia Navas Heine to oversee its commercial and industrial lending.

Maryland CU Gets Member Clearance to Convert to Bank

American Banker | Oct 11

Members of Har-CO FCU voted to approve the conversion of the $200 million credit union to a mutual savings bank, the first credit union conversion in more than two years.

The Other Ron Paul Expresses an Appreciation for Washington

American Banker | Sep 23

Contrary to many community banks, Eagle Bancorp of Bethesda, Md., has strong loan demand and lacks sufficient deposits to cover the loans. Eagle CEO Ron Paul and analysts cite the relative economic health of the Washington area for Eagle's growth, leading to a need for creative solutions.

First Mariner in Maryland Gets Extension from Potential PE Investor

American Banker | Sep 22

First Mariner Bancorp in Baltimore said Thursday that it has reached an extended deadline for a proposed recapitalization by a New York fund.

Startup BlueRidge Bank Beefing Up in Baltimore Market

American Banker | Sep 07

BlueRidge Bank in Frederick, Md., is expanding its operations in the Baltimore metropolitan area by converting its year-old commercial loan office there into a full-service branch.

Maryland Thrift Plans Public Offering

American Banker | Aug 22

A small mutual thrift in Maryland has won approval from state and federal regulators to convert to a publicly traded company.

Filing: First Mariner's Future Could Hinge on Aug. 25 Hearing

American Banker | Aug 12

First Mariner Bancorp in Baltimore disclosed Friday that it has a hearing later this month that could have a key influence on its future.

Fed Issues Prompt Corrective Order Against Maryland Bank

American Banker | Aug 11

The Federal Reserve this week took action against four banks, including three written agreements and the issuance of a prompt corrective order against Bank of the Eastern Shore.

BCSB in Baltimore Adds Activist Investor to Its Board

American Banker | Aug 02

Richard Lashley, an activist investor known for pressuring underperforming banks to find buyers, has won a seat on the board of BCSB Bancorp Inc. in Baltimore.

First Mariner's Loss Widens; Capital Woes Mount

American Banker | Jul 29

First Mariner Bancorp reported a loss of $11 million in the second quarter, plunging the ailing Baltimore company deeper into a capital hole.

Sharply Lower Provision Boosts Sandy Spring's Profits

American Banker | Jul 21

Sandy Spring Bancorp Inc. said Thursday that second quarter net earnings rose 32%, to $8.3 million, compared with a year earlier after it slashed its provision by 80%.