BALTIMORE -- First Maryland Bancorp, a unit of Allied Irish Banks PLC, filed with the Securities and Exchange Comission for a preferred stock issue with proceeds estimated at $43.6 million.
The money would go for general corporate purposes, including investments acquisitions of other financial institutions, the company said.
First Maryland said it regularly reviews acquisition prospects and periodically engages in discussions regarding possible acquisitions. It said it is not now a party to any agreements understandings regarding any material acquisitions.
The filling was to issue up to six million shares.