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Photo of the Day – ‘Tarp surfing’ at Occupy Baltimore
Check out a slideshow of our past Photos of the Day from The Daily Record’s staff photographers. We also have a SmugMug page, where you can purchase photos taken by The Daily Record staff
Eagle Bancorp gets $56.6M investment from U.S. Treasury
Eagle Bancorp Inc. of Bethesda, the parent company of EagleBank, announced that it has received a $56.6 million investment in its preferred stock from the U.S. Treasury Department under the Small Business Lending Fund. The SBLF is a voluntary program intended to encourage small business lending by providing capital to qualified community banks at favorable […]
Elizabeth Warren comes to Baltimore
Harvard Law School professor and Obama administration official Elizabeth Warren will be in Baltimore on Thursday for a town hall meeting with U.S. Rep. Elijah Cummings. Warren serves as a special adviser to the Secretary of the Treasury on the Consumer Financial Protection Board. But she is perhaps best known for chairing the Congressional oversight […]
Feds seek life term for fraud mastermind Farkas
ALEXANDRIA, Va. — Federal prosecutors are seeking a life sentence for the man convicted of orchestrating a $3 billion fraud while running what had been one of the nation’s largest private mortgage companies. Fifty-nine-year-old Lee Farkas of Ocala, Fla., was majority owner of Florida-based Taylor Bean & Whitaker, which collapsed in 2009 when his scheme […]
Sandy Spring bankers back on the street
Sandy Spring Bancorp Inc., parent company of Sandy Spring Bank, said Thursday that in the first quarter of 2011 it had completed repayment to the government for TARP rescue money and undertaken an aggressive campaign to drum up new business. The Olney-based company reported a $7.3 million profit, or 30 cents per diluted share, for […]
Five Maryland banks miss TARP payment
Five Maryland banks that took bailout money as part of the Troubled Asset Relief Program missed their February dividend payments to the federal government, with one bank now having missed six required payments. According to information gathered by SNL Financial, a total of 142 banks and thrifts missed the Feb. 15 dividend payment required under […]
Sandy Spring turns profit, repays $83M in TARP funds
Sandy Spring Bancorp Inc., the parent company of Sandy Spring Bank, not only reported a profit for the fourth quarter of 2010, but said Thursday it had paid off the $83 million in preferred stock issued to the U.S. Treasury under the TARP Capital Purchase Program. With $3.5 billion in assets, Olney-based Sandy Spring is […]
Five banks miss TARP payment
Five Maryland banks that took bailout money as part of the Troubled Asset Relief Program missed the August dividend payment to the federal government. According to information gathered by SNL Financial, 115 banks throughout the country missed the Aug. 16 dividend payment required under TARP. The Maryland banks missing the August payment were Cecil Bancorp […]
Five Maryland banks miss August TARP dividend payment
Five Maryland banks that took bailout money as part of the Troubled Asset Relief Program missed the August dividend payment to the federal government. According to information gathered by SNL Financial, 115 banks in total missed the Aug. 16 dividend payment required under TARP. The five Maryland banks that missed the August payment included Cecil […]
