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First Mariner Bancorp

A collection of news and information related to First Mariner Bancorp published by this site and its partners.

Top First Mariner Bancorp Articles

Displaying items 45-55
  • First Mariner loses nearly $4 million in fourth quarter

    First Mariner Bancorp said Monday that it lost almost $4 million during the three months ending Dec. 31, about the same as a year earlier after accounting for a one-time tax charge in the fourth quarter of 2010. It was the 19th straight quarter in the...
  • First Mariner has new deadline to raise money

    First Mariner Bancorp said Thursday that it has extended an agreement with New York investment firm, giving the Baltimore bank more time to raise much-needed capital to survive. First Mariner faced a Sept. 1 deadline to raise nearly $124 million. The...
  • First Mariner could seek another deal or partner

    First Mariner Bancorp can seek an alternative deal or partner to raise capital it needs to survive under an amended agreement with Priam Capital, according to regulatory documents filed Tuesday. The clause that prevented First Mariner from soliciting...
  • First Mariner posts another quarterly loss

    First Mariner Bancorp posted a $7.9 million loss in the third quarter as the Baltimore company continued to write down the value of distressed properties. The hemorrhaging comes as the parent of 1st Mariner Bank is seeking to raise capital and ensure its...
  • SMG again wins bid to operate 1st Mariner Arena

    SMG again wins bid to operate 1st Mariner Arena
    Current operator SMG is the winning bidder for a new five-year contract to run 1st Mariner Arena and oversee its potential renaming, according to a memo from the city's top purchasing agent. SMG's proposal awaits approval by the Baltimore Board of...
  • First Mariner reports another profitable quarter

    For the second quarter in a row, First Mariner Bancorp reported a profit, thanks to low interest rates, which have triggered a burst of mortgage lending. The Baltimore-based parent of 1st Mariner Bank announced Thursday that it earned $5.7 million in the...
  • Ed Hale files $5M suit against 1st Mariner Arena operator

    Ed Hale files $5M suit against 1st Mariner Arena operator
    Edwin F. Hale Sr., the Baltimore developer and former CEO of First Mariner Bancorp, filed a $5 million lawsuit Monday against the operators of 1st Mariner Arena, alleging they are improperly using billboards that belong to him. Filed in Baltimore...
  • First Mariner Bancorp reports third quarterly profit in a row

    First Mariner Bancorp reported Wednesday that it earned $7.9 million in the quarter ended in September, the third quarter in a row that the struggling parent of 1st Mariner Bank reported a profit. On a per-share basis, the Baltimore-based holding company...
  • First Mariner withdraws from Priam Capital deal

    First Mariner withdraws from Priam Capital deal
    First Mariner Bancorp announced Friday that it is dropping out of an agreement that called for Priam Capital Fund I, a New York investment firm, to invest $36.4 million in the Baltimore-based bank holding company. "Circumstances of the bank have...
  • In dispute with city, Hale moves businesses to Balto. Co.

    In dispute with city, Hale moves businesses to Balto. Co.
    Citing a soured relationship with city government, Edwin F. Hale Sr., the Baltimore trucking magnate, developer and former CEO of First Mariner Bancorp, said Wednesday that he has moved his businesses to Baltimore County. "I've been around for 43 years,...
  • First Mariner corrects preliminary earnings report

    First Mariner corrects preliminary earnings report
    First Mariner Bancorp on Tuesday said it was correcting preliminary earnings figures released earlier for 2012, reducing its annual non-interest income by $892,000. According to the latest figures, the Baltimore-based bank holding company earned $699,000...