The Board of Directors of First Albany Companies Inc. -- parent company of First Albany Corp. -- announced yesterday they have dismissed vice chairman Mark S. Ferber, effective yesterday.

A source who spoke on the condition of anonymity said the board decided that recent reports surrounding Ferber's activities made it in the best interest of the firm to terminate his employment.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.