Bankers in Maryland remain watchful of efforts to repeal large portions of Dodd-Frank, the 2010 law created to impose tough regulations on the industry in the wake of the 2008 financial crisis. Earlier this month, the House of Representatives passed the Financial Choice Act, which would get rid of the Department of Labor’s fiduciary rule and […]
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Small businesses may find it easier to obtain bank loans under legislation passed by the General Assembly. The Lend Local Act, which was filed in the House of Delegates and state Senate, was amended to create a linked deposit program for small businesses in the Department of Housing and Community Development, putting up to $50 […]
WASHINGTON — U.S. community banks are gaining strength even though the economy is improving only moderately, Federal Reserve Chairman Ben Bernanke said Wednesday. The Fed chief delivered prerecorded remarks on a video monitor before a convention of community bankers in Nashville. The speech resembled one he gave last month in Arlington, Va. Bernanke said community […]
So far this month, BlueRidge Bank has opened a new location in Towson — its first outside of Frederick — and named an executive to make inroads into Washington County with the goal of opening a branch there as well. The moves are a rarity given the state of the banking industry, which has been […]
What a difference a decade can make. Ten years ago, half of the 10 banks with the most market share in Maryland were based here. But, as Allfirst Bank, First Union, Provident Bank of Maryland, Mercantile Bankshares Corp. and Farmers Bank of Maryland were bought, the state’s banking landscape changed dramatically. Today, the biggest banks […]