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BB&T, SunTrust merger would create Maryland’s second-largest bank
A merger between BB&T and SunTrust banks is likely to create the second-largest bank in Maryland; the two combine for more than $20 billion in deposits in the state. The two southern regional banks BB&T and SunTrust are combining in an all-stock deal to create a new bank valued at about $66 billion, the banks […]
Md. banks prepare for federal employees missing paychecks
Maryland financial institutions have mobilized to aid thousands of consumers who have been furloughed by the federal government and will begin missing paychecks this weekend. The partial government shutdown, now in its 18th day, has affected tens of thousands of workers in Maryland. Banks and credit unions in the state have begun to offer special […]
Md.’s big banks offer employee bonuses amid tax cuts
In the wake of last year’s sweeping tax legislation, multiple large banks operating in Maryland have made commitments to increase salaries or pay out bonuses to employees. Five of Maryland’s largest banks accounting for more than half of the market share in the state have announced plans to increase worker pay as they anticipate a […]
Severna Park-based Dynasplint lays off 500 workers worldwide
SEVERNA PARK — A Severna Park manufacturing company is laying off 500 workers worldwide. The Capital reports that Dynasplint Systems Inc., which designs and creates splints for physical therapy, alerted workers on Tuesday. Founder George Hepburn says he owed BB&T Bank $10 million on a line of credit. He told employees in a letter that […]
General Growth, Struever and BB&T Bank to receive special tax bills
City officials this month will send out $652,000 in special tax bills for tax increment financing bond repayments because property taxes collected from three prominent city developments were not enough to reimburse investors. The Clipper Mill, Belvedere Square and Mondawmin Mall developments did not generate sufficient property taxes to repay TIF bonds, said Stephen M. […]
Law movers: 5/2/11
Lisa D. Sparks has joined Bowie & Jensen, of Towson, as an associate in the construction practice. Sparks has experience in government contracting and Minority Business Enterprise contracting. She focuses on commercial litigation, including construction law and employment matters and has worked on a variety of matters in state and federal courts and in mediation […]
Law movers: 4/25/11
Dale K. Cathell has been promoted to partner in the finance practice in the Baltimore office of DLA Piper. Cathell regularly represents financial institutions and other creditor clients before state and federal courts. He also represents secured and unsecured creditors, debtors, trustees, lessors and committees in bankruptcy cases. Cathell has a bachelor’s degree from the […]
On the move: 4/8/11
Awards Howard County Executive Ken Ulman recently received the Janet L. Hoffman Award for Local Government Public Service at the National ASPA Conference in Baltimore. Ulman was nominated by Del. Guy Guzzone, who noted initiatives such as Healthy Howard and the countywide recycling program. Edward A. Hubner, of EBL Engineers, of Baltimore, has been selected […]
On the Move, 3/28: Westerman joins Ascend One as chief marketing officer
Mark Westerman has joined Ascend One Corp., a debt-management company based in Columbia, as chief marketing officer. He previously worked at West33 Consulting Group after serving as vice president/global marketing communications at FILA (Cerberus Capital Management). He began his career at Doner Advertising in Baltimore as an account executive and was promoted to vice president […]
Martin hired as project manager by Mullan Contracting
Philip E. (Bud) Martin has been hired as project manager of Mullan Contracting Co., a construction management and general contracting firm based in Lutherville. He previously was project manager for Morgan-Keller, in Frederick. Martin has more than 30 years of diversified construction experience, having worked in project management or superintendent positions with Riparius Construction; Struever [[...]
