Credit is more easily available to small businesses than in recent years but it may take a stronger economy for firms to feel comfortable taking on debt and expanding.
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Read More »January 12, 2016 Comments Off on Small businesses say credit available
Credit is more easily available to small businesses than in recent years but it may take a stronger economy for firms to feel comfortable taking on debt and expanding.
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Read More »August 26, 2015 Comments Off on Bank manager gets 8 years for role in armored truck robbery
GREENBELT — A bank manager has been sentenced to more than 8 years in prison for plotting the robbery of an armored truck that serviced the branch. Fifty-year-old Valentina Elebesunu of Temple Hills was also ordered to pay restitution at ...
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Read More »February 18, 2015 Comments Off on The Shops at Kenilworth set for $20M upgrade
Greenberg Gibbons took over management of The Shops at Kenilworth in July and now plans a $20 million renovation.
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Read More »August 12, 2014 Comments Off on Court: Franchisee can’t blame bank for bad investment
Don’t expect a bank to save you from yourself, the Court of Special Appeals said in rejecting a franchisee’s claim that Sandy Spring Bank negligently loaned him the money to invest in The Coffee Beanery Ltd. in Annapolis.
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Read More »July 23, 2014 Comments Off on Pennsylvania bank buys Madison Square
Codorus Valley Bancorp Inc., of York, Pa., which owns Pennsylvania’s PeoplesBank, announced it will acquire Baltimore’s Madison Bancorp Inc., parent of Madison Square Federal Savings Bank. Codorus Valley will buy Madison in an all-cash transaction valued at approximately $14.4 million, ...
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Read More »May 9, 2014 Comments Off on Bank mergers change industry landscape in state
Bank mergers and acquisitions in Maryland have changed the landscape for banking in the state, bringing new names to buildings as well as changes for customers.
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Read More »May 9, 2014 Comments Off on Small banks decry crush, cost of Dodd-Frank regulations
Formally known as the Dodd-Frank Wall Street Reform and Consumer Protection Act, Dodd-Frank is a complex, far-reaching set of banking regulations — the most sweeping financial reforms since the Great Depression. Passed by Congress in July 2010 and named after its two main sponsors, former Sen. Christopher Dodd of Connecticut and former Rep. Barney Frank of Massachusetts, the law was aimed at preventing another recession like the one that battered consumers during the 2000s. But four years after being enacted and with the economy still on the rebound, many small, community banks say they are being unfairly hampered by the reforms.
Read More »April 17, 2014 Comments Off on Editorial: How 1st Mariner can have bright future
The auction sale of 1st Mariner Bank was a bit of a roller-coaster ride — at least for the local investment group that landed the bank after some white-knuckle moments.
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Read More »April 17, 2014 Comments Off on Frederick Co. Bancorp’s 1Q earnings up
Frederick County Bancorp Inc., of Frederick, the parent company of Frederick County Bank, reported first-quarter net income of $525,000, or 34 cents per diluted share, a 9.4 percent rise over the $480,000, or 31 cents per diluted share, posted for the prior-year period.
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Read More »April 16, 2014 Comments Off on 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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