Maryland

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

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%.

Eagle Bancorp Inc. in Bethesda, Md., said last week that it has received a $56.6 million investment from Treasury and that it will use about $23.2 million of that to repay the remaining balance on a loan it received from the Troubled Asset Relief Program.

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

Sandy Spring Bancorp Inc. in Olney, Md., on Thursday reported an increase in profit due to its exit from the Troubled Asset Relief Program.

Baltimore County Savings Bank is looking to switch to a Maryland chartered bank from a federal thrift.

For thrifts that have long harbored ambitions of converting to commercial banks, an upcoming regulatory merger is forcing hard decisions.

Old Line Bancshares in Bowie, Md., said Friday it has completed its acquisition of Maryland Bancorp in Lexington Park.

NASA Federal Credit Union is making arrangements to offer members skip-a-payment loans and other relief in case the continuing budget impasse in Congress causes a federal government shutdown.

HarVest Bancorp Inc. has reportedly been without a chief executive for several weeks as it finalizes a recapitalization plan that intended on the previous CEO staying.

A Maryland credit union's new venture promises to make enemies out of allies and attract a strange bedfellow — banks.

Har-Co Maryland Federal Credit Union in Bel Air has notified members and the National Credit Union Administration that it plans to convert to a mutual savings bank. It would become the first conversion in more than two years.

First Mariner Bancorp in Baltimore said Monday it had a fourth-quarter a net loss of $33.4 million after reducing the value of some deferred-tax assets.

CapitalSource Inc. may not be drowning, but that isn't stopping the Chevy Chase, Md., finance company from looking for help.

Maryland is trying to make a bigger name for itself with lenders pinching every penny they can, by promoting its lower taxes and better protection for directors.

Sandy Spring Bancorp Inc. in Olney, Md., redeemed the remaining $41.5 million of preferred stock held by the Treasury Department.

Nasdaq is giving a number of struggling companies a little more breathing room, making it easier for stocks to stay on the exchange even after falling short of listing requirements.

Tri-County Financial Corp. in Waldorf, Md., said Friday that its board authorized the repurchase of up 1% of its common stock.

Regulators failed four banks late Friday, pushing the total number of collapses this year to 143. Closures are now are at their highest point since the S&L crisis.

Eagle Bancorp has increased the size of its banking unit, EagleBank, by 33% in the past year — and logged seven consecutive quarters of record profits, including this past quarter.