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First Mariner Bancorp (FMAR) in Baltimore recorded a large third-quarter loss after its mortgage revenue fell by more than 80% from a year earlier.
November 8 -
Ed Hale, who retired as chairman and CEO of First Mariner in Baltimore more than a year ago, has invested in a local technology consulting firm called Think Systems.
June 6 -
The $1.4 billion-asset unit of First Mariner Bancorp (FMAR) said Monday that the FDIC had terminated an April 2009 cease-and-desist order requiring the bank to comply with fair-lending practices.
April 15 -
First Mariner Bancorp has warned investors that it is in danger of failing.
March 30 -
First Mariner Bancorp (FMAR) posted another quarterly profit, but the Baltimore company said it is still looking for capital.
October 31 -
First Mariner Bancorp (FMAR) in Baltimore swung to a loss as professional fees rose and mortgage banking income cratered.
August 14
First Mariner Bancorp (FMAR) in Baltimore is planning a $100 million recapitalization of its bank led by a group of investors.
The $1 billion-asset company
First Mariner said in a press release Monday that the investors will bid on the bank in a bankruptcy auction.
The capital infusion "will create a bank poised for growth," Mark Keidel, 1st Mariner Bank's interim president, said in the release. "Upon approval by the court and regulatory authorities, the bank will become strong and secure. We will meet all federal and state regulatory requirements for capitalization."
In 2009,
The company's fortunes