It's hard enough when a capital infusion depends on a struggling bank raising additional money from other sources. Baltimore's largest community bank will have to do that with a lame-duck CEO and no designated successor.

To close on a $36.4 million injection from Priam Capital Fund I LP, 1st Mariner Bancorp must raise another $123.6 million — and part ways with Edwin Hale Sr., the company's founder, chairman and chief executive.

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