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Tag Archives: Banks

Good news in 1st Mariner report (access required)

First Mariner Bancorp, parent company of Baltimore’s 1st Mariner Bank, Friday reported a net loss of $13 million, or $2.01 per share, for the third quarter of 2009. That’s roughly five times as much as the company’s loss for the ...

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Colombo Bank’s plans uncertain after OTS order (access required)

Poor lending choices have gotten Rockville-based Colombo Bank in hot water with regulators, making the prospects of its planned merger with another bank — also under federal scrutiny — uncertain, analysts said Thursday. Washington businessman Morton Bender is the majority ...

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Colombo Bank gets cease and desist order (access required)

Federal bank regulators have placed Rockville-based Colombo Bank under supervision after the institution participated in “unsafe or unsound banking practices and violations of law and regulation.” The Office of Thrift Supervision issued the cease and desist order, among the strongest ...

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Cecil Bank ends bid to buy K Bank branch (access required)

In a filing with the Securities and Exchange Commission Friday afternoon, Cecil Bancorp, parent company of Cecil Bank, said it was ending its bid to buy the Bel Air branch of K Bank. Cecil Bancorp had said in September that ...

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Sandy Spring suffers 3Q loss of nearly $15 million (access required)

Sandy Spring Bancorp Inc. lost $14.8 million in the third quarter, the result of $34.5 million set aside to absorb losses on loans and leases, the company said Thursday. The $14.8 million loss, or 90 cents per share, exceeded the ...

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Waterfield becomes 6th state bank to come under scrutiny (access required)

Waterfield Bank has become the sixth bank in Maryland to fall under federal scrutiny in 2009, an indicator that regulators are paying closer attention to how much money financial institutions have to cover their losses. The bank, with one branch ...

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