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.Read More »
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 ...Read More »
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.Read More »
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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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 »
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.Read More »
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.Read More »