News and Updates
03/04/14 - UPDATE: All branches and offices are operating on their usual schedules today.
Today, 1st Mariner Bank put itself on track to become one of the strongest and most successful banks in Maryland by announcing an agreement to raise up to $100 million in capital. (See 1st Mariner Bancorp Press Release)
The capital infusion will create a well-capitalized bank poised for growth. The bank will meet all federal and state regulatory requirements for capitalization and will be considered a well-capitalized bank by federal standards.
To facilitate this transaction, 1st Mariner Bank’s holding company, First Mariner Bancorp, will file for reorganization in U.S. Bankruptcy Court under Chapter 11 of the Bankruptcy Code. The Chapter 11 filing affects only the holding company and not 1st Mariner Bank, which will continue to operate as usual.
As a result, there will be no interruption of service to customers, deposits will continue to be accepted, our branches and ATMs will continue to operate and the bank will continue to deliver on its commitments to loan applicants throughout the reorganization.
There is no change in the federal deposit insurance provided by the Federal Deposit Insurance Corporation, which is backed by the full faith and credit of the United States government. Since the FDIC was established in 1933, no depositor has ever lost a single penny of FDIC-insured funds. FDIC insurance covers all deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit. The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.
This approach is without question the best way to preserve the bank.
We will keep you up-to-date as this transaction proceeds. We know this is good for the bank, our employees and the Baltimore community. We want to thank you for your support during this time.
For additional information, please see the following documents:
If you have any questions or concerns that we haven’t addressed in the FAQs document above, please call our Contact Center at 410-558-4200 or 1-888-561-BANK.
Vendor Information and Inquiry Line
As stated above, the bankruptcy affects the bank holding company only, not the bank. The bank will continue to pay its creditors as it always has. If you are a vendor and have any questions or concerns, please call our Vendor Inquiry Line at 443-573-8645.
If you have any questions or concerns about the reorganization process, please call our Investor Relations Line at 1-866-205-3145.
01/30/14 - In today's world of social media it's as important as ever to remember to keep your personal information private. A few tips to keep in mind:
For more financial safety tips, visit our Fraud Prevention & Risk Management Center. Remember, you can never be too careful when it comes to your personal information!
01/15/14 - 1st Mariner Bank and Visa® are doing everything in their power to protect those whose accounts may have been compromised by Target's recent data breach. Feel free to call a 1st Mariner Bank Customer Service representative at 888-561-BANK (2265) with any questions you have. We also urge you to read these FAQs about the data breach, including tips on how to protect your accounts and identity.
11/19/13 - Mobile Deposit is the newest feature of the 1st Mariner Bank Mobile App. Now you can deposit your checks whenever it's most convenient for you, wherever you are using your mobile phone.
Click here for more information.
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