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.

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.