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Inside the battle for 1st Mariner

Inside the battle for 1st Mariner

After days of auctions and sale hearings and sleepless nights of crunching numbers, a winner had been chosen. RKJS, made up of a local group of investors, would be the new owner of 1st Mariner Bank, snatching the prize from what had been the apparent winner only two days earlier.

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Severn Bancorp boosts earnings in 1Q

Severn Bancorp Inc., of Annapolis, the parent company of Severn Savings Bank, reported first-quarter net income of $867,000, or 3 cents per diluted share, a nearly 40 percent increase compared to net income of $621,000, or 3 cents per diluted share, for the prior-year period.

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Qiagen to consolidate, expand Md. sites

Qiagen, a Dutch maker of diagnostic tools for gene research with operations in Montgomery and Frederick counties, said it plans to combine its three Maryland sites into two campuses and invest an additional $10 million to accommodate expected future growth, bringing its total investment in Maryland to $50 million.

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World Relief, German nonprofit to link

World Relief, of Baltimore, the humanitarian arm of the National Association of Evangelicals, and Partner Aid, a German nonprofit that provides humanitarian aid in six countries in North Africa and Asia, announced that they will join together under the World Relief name.

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