Hungry First Mariner Bancorp of Baltimore took its first big bite out of the Maryland bank market last week, buying an Annapolis bank nearly twice its size.

First Mariner, started just last spring by the former chairman of one of the state's largest banks, intends to acquire Annapolis Bancshares, for $17.7 million, or about two times book.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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