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FCNB Reports Earnings Jump But Has Concerns About Net Interest Margin

Reported earnings for FCNB Corp. for the second quarter jumped 12.5 percent over the same period last year, but the bank’s president, A. Patrick Linton, expressed concern about how past increases in interest rates have affected net interest margin.<br /><br />Net interest margin — a key indicator of profitability — is the difference between what the bank paid for money and what it earned on loans to customers. FCNB did not release those numbers with its second quarter earnings yesterday.

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NEWS SUMMARY

Provident Bankshares Corporation Will Take Second Quarter ChargeBaltimore-based Provident Bankshares Corp., the parent company of Provident Bank, made a $13 million addition to its provision for loan losses in the second quarter. This addition was made to address the anticipated ...

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Fight Rages Over Landfill Near Civil Rights Trail, Site of ‘Bloody Sunday’

The historic Selma-to-Montgomery voting rights trail, U.S. Highway 80, runs through rural Lowndes County, meandering past tracts of Alabama’s dusty farmland, boarded-up gas stations and sacred civil rights-era ground.<@SM><@SM><TAB>Now plans are under way for a solid-waste landfill near the highway where civil rights marchers demanded black suffrage and where Detroit housewife Viola Liuzzo was slain by Ku Klux Klansmen after the 1965 march.

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New Female Bishop: ‘The Stained Glass Ceiling Has Been Pierced’

Preacher. Journalist. Author. Now add to Vashti McKenzie’s resume a position never before filled by a woman in the long history of the nation’s oldest black church: Bishop.<@SM><@SM><TAB>The fiery church leader whose family has been active in African Methodist Episcopal Church affairs in Baltimore for more than a century has become the first female bishop in the denomination’s 213-year history.

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Filipino Fast-Food Chain Expanding Into Big Mac, Whopper Territory

A gutsy Filipino restaurant chain is jumping into the U.S. fast-food frying pan, going burger-to-burger against Big Mac, Whopper and Jumbo Jack with a slightly sweeter alternative called the Super J.<@SM><@SM><TAB>The Manila-based Jollibee chain opens its newest store in Long Beach, Calif., yesterday, literally in the sauce-smeared faces of such American fast-food giants as McDonald

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GRID Media Reaches to West Coast, Buys Market Research Newsletters

Potomac-based GRID Media LLC has acquired the publishing assets of a California media research firm. <@SM><@SM><TAB>The firm announced yesterday that it bought the newsletters Hollywood Aftermarket and The AIM Report from Carmel-based Adams Media Research, a financial and market research firm near Silicon Valley that focuses on the video and interactive marketplaces. GRID Media did not disclose the purchase price.

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O'Malley Joins Workers’ Rally

Baltimore Mayor Martin O’Malley has joined the fight for unionization of technical and service employees at University of Maryland Medical Center, participating in a rally yesterday at the hospital’s main entrance.<@SM><@SM><TAB>Wearing purple union shirts and waving placards reading “Fair Election NOW,” members of the crowd listened as O’Malley defended what he called their “fundamental right of fairness” to represent themselves.

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A Golfer’s Dream

Imagine being able to say you hit par at the three-hole “Amen Corner” at Augusta National. Tiger Woods can’t even do that.<@SM><@SM> Or how you completed one of the most feared shots in championship golf as your ball eased onto the green at the 17th hole at Sawgrass.

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