A Baltimore bank that has been one of the faster-growing new banks on the East Coast reported its first quarterly profit last week, two years after being founded.

"The general consensus was we would hear of a profitable quarter after three years," First Mariner Bancorp chairman Edwin F. Hale Sr. said. "Doing it in under two years makes everyone from the directors to the staff to the stockholders feel pretty good."

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.