Maryland

RKJS Bank, an interim company formed by a group of local Baltimore investors, won First Mariner's bankruptcy auction Tuesday after National Penn Bancshares (NPBC) in Allentown, Pa., withdrew its offer.

Sandy Spring Bancorp in Olney, Md., said its first-quarter profit rose 3% from a year earlier, to $10.9 million. The improvement was largely because of loan growth, changes in funding costs and efforts to increase wealth management and insurance revenue, the company said.

F.N.B. Corp. (FNB) in Hermitage, Pa., has agreed to buy OBA Financial Services (OBAF) in Germantown, Md.

National Bank of Cambridge in Cambridge, Md., has been freed from a formal agreement with the Office of the Comptroller of the Currency.

The Federal Home Loan Bank of Atlanta has appointed Bank of Georgetown Chairman Michael Fitzgerald to its board of directors.

SUITLAND, Md. — Andrews FCU here has completed a core conversion to Symitar's Episys core system.

Third Federal Savings and Loan in Cleveland is planning to expand its residential lending into several additional states.

Cardinal Financial (CFNL) in Tysons Corner, Va., has merged its two banks.

Madison Bancorp (MDSN) in Baltimore, Md., plans to deregister its common stock and stop reporting to the Securities and Exchange Commission.

First United (FUNC) in Oakland, Md., has received regulatory approval to catch up on interest payments for certain obligations.

Bankruptcy used to be uncharted water in banking, but the drastic measure is starting to look like the only way for some institutions to reach dry land.

Southern National Bancorp of Virginia (SONA) in McLean has agreed to buy Prince George's Federal Savings Bank in Upper Marlboro, Md.

Severn Bancorp (SVBI) in Annapolis, Md., will take a $4 million pretax charge in the fourth quarter after selling troubled loans.

BALTIMORE — Advance Bank shareholders have approved the proposed sale of the institution to Municipal Employees CU of Baltimore, and the credit union will take control of the bank Dec. 12.

The $1.2 billion-asset company said Tuesday that net proceeds from the sales totaled $26.3 million. Old Line said the sales will increase its tangible common equity.

Old Line Bancshares in Bowie, Md., agreed to disclose more information about a recent acquisition when challenged by shareholders, but it refused to pay any money. That rare resistance could embolden other banks to fight such suits harder, experts say.

A class-action settlement between Old Line Bancshares (OLBK) in Bowie, Md., and shareholders of WSB Holdings has been approved by the Maryland circuit court for Prince George's County.

MVB Financial (MVBF) in Fairmont, W.Va., has agreed to purchase certain assets and assume certain liabilities of CFG Community Bank in Lutherville, Md.

F.N.B. Corp. (FNB) in Hermitage, Pa., beat earnings estimates on strong net interest income.

Jeffrey Welch resigned from the $4.1 billion-asset lender at the end of August, the company disclosed in a regulatory filing Friday.