Maryland Daily Record Maryland's trusted source for business and legal news
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.
Tagged with: bank loans Small business
Read More »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 ...
Tagged with: bank crime sentencing U.S. District Court
Read More »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.
Tagged with: bank greenberg gibbons Towson
Read More »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.
Tagged with: Annapolis bank franchisee investment loan Maryland Court of Special Appeals sandy spring bank
Read More »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, ...
Tagged with: bank
Read More »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.
Tagged with: 1st Mariner Bank bank Banking
Read More »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 »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.
Tagged with: 1st Mariner Bank bank business news maryland sale
Read More »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.
Tagged with: bank earnings frederick county maryland
Read More »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.
Tagged with: bank business news earnings severn bancorp
Read More »
