First Mariner Bancorp has warned investors that it is in danger of failing.

The Baltimore company said in its annual report with the Securities and Exchange Commission that it is running out of time to raise much-needed capital. "First Mariner currently does not have any material amounts of capital available to invest in the bank," the filing said. Regulators "could take additional enforcement action against us" including directing "us to seek a merger partner or possibly place the bank in receivership."

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.