1st Mariner Bancorp has pulled out of its agreement with Priam Capital Fund I LP after posting three consecutive quarters of profits, the company announced Friday.

Tagged with: Banks First Mariner Priam Capital Fund

Troubled 1st Mariner Bancorp said Wednesday that it made $1.8 million, or 10 cents per share, in the first quarter of 2012, the first time the Baltimore-based institution showed a quarterly profit in five years. In the first quarter of ...

Tagged with: Banks earnings First Mariner first mariner bank first quarter Priam Capital Fund

On the same day it reported a $7.9 million loss for the third quarter of 2011, troubled First Mariner Bancorp also lost its president. First Mariner, parent company of 1st Mariner Bank, said Friday that Daniel E. McKew, who joined ...

Tagged with: Banks earnings Edwin F. Hale Sr. First Mariner first mariner bancorp. Priam Capital Fund

Bad loans and real estate losses continued to weigh down First Mariner Bancorp, parent company of 1st Mariner Bank, which recorded a loss of $11 million for the quarter ending June 30 compared to $8.5 million during the corresponding period ...

Tagged with: Banks earnings Edwin F. Hale Sr. First Mariner first mariner bancorp. Priam Capital Fund second quarter

When a private equity firm announced in April that it had agreed to pump $36.4 million into struggling 1st Mariner Bank, the deal contained clauses allowing it to terminate the deal if certain goals weren’t met. And the first of ...

Tagged with: Baltimore deal First Mariner maryland new york Priam Capital Fund

Losses continue to grow at First Mariner Bancorp, which Wednesday reported a pre-tax loss of $7.3 million for the first quarter of 2011, compared with a pre-tax loss of $5.7 million for the first quarter of 2010. The parent company ...

Tagged with: Banks Edwin F. Hale Sr. FDIC Federal Deposit Insurance Corp. First Mariner first mariner bancorp. Priam Capital Fund