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First Mariner acquires 25 percent of Cecil Bank after loan goes unpaid (access required)

First Mariner Bank has acquired almost 25 percent of Elkton-based Cecil Bank as collateral after a borrower ceased making payments on a loan, according to an executive at First Mariner. “Our only hope of collection was to take the collateral,” Paul Susie, chief financial officer for First Mariner, said Monday. First Mariner had already written the loan ...