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1st Mariner Bancorp posts first quarterly profit in 5 years

Troubled 1st Mariner Bancorp said Wednesday that it made $1.8 million, or 10 cents per share, in the first quarter of 2012, the first time the Baltimore-based institution showed a quarterly profit in five years. In the first quarter of 2011, 1st Mariner lost $7.3 million. The company’s last quarterly profit came in March 2007, when ...

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