Chazz: A Slice of Baltimore

by Stacy Tharp 16. May 2014

Chazz Coal-Fired Pizza Oven

Today is the final day of National Small Business Week, and last but not least, we’re highlighting Harbor East’s Italian restaurant, Chazz: A Bronx Original. I had the pleasure of speaking with owner Alessandro Vitale while dining at Chazz last week.

Vitale partnered with Oscar-nominated actor Chazz Palminteri to open the restaurant three years ago. Choosing Baltimore’s Harbor East location was a clear choice for Vitale since he was born and raised in Baltimore and has watched the area grow over the years with new businesses and residents. Chazz is only a few short blocks from the Vitale family restaurant, Aldo’s of Little Italy.

A large part of what sets Chazz apart from the slew of other Harbor East restaurants is its coal-fired pizza oven. This type of oven is commonly found in Italy and New York, but is difficult to come by in Baltimore.

Vitale’s commitment to Baltimore doesn’t end with his restaurants. He banks locally with 1st Mariner because he believes that people at a local community bank “know the roots and community.”

“It’s all about the people and the relationships,” he says. “[1st Mariner employees] are my customers too. They know my product, they know me and they know my needs.”

So the next time you’re in the Harbor East area, stop by Chazz and see for yourself what all the hype is about. I’m speaking from experience when I say their coal-fired oven makes their pizza stand out from the crowd. And don’t even get me started on the veal meatball! Just order it. You can thank me later.

Bank Jargon 101

by Spencer Tierney 15. May 2014

Bank Jargon

Whether you just opened your first checking account or want to know all that’s on offer at your local branch, it’s wise to learn the language spoken by your bank. Consult the following list to upgrade your banking vocabulary.


A certificate of deposit, or CD, is a savings product offered by financial institutions. It earns a higher interest rate (see below) than a regular savings account, but that comes in exchange for locking up your money for a specified period of time, from a few months to a year or more. Withdrawing money before the term is over will result in penalty fees. Be aware that there are fixed CDs and “flex CDs.”

How it is relevant to you: A CD can be a useful mechanism for long-term, recurring savings. One strategy to use when managing CDs is a CD ladder, which involves reinvesting short-term CDs into longer terms.


An eStatement is an electronic copy of your account statement, delivered to you via email. Many consumers have switched from the traditional, mailed statements to eStatements for the sake of convenience and security.

How it is relevant to you: You can download and save your statements to view whenever you want. And they’re safe, since they won’t get lost in the mail or stolen from your trash.


Interest refers to the charge that comes with borrowing money (such as on credit cards and loans), or the profit that is made from loaning or depositing money (such as in saving accounts or CDs). There is no uniform rate across banks. However, the national average rates can give you a sense of the trend.

How it is relevant to you: It’s important to understand interest rates to see if you are taking full advantage of your savings products—or paying too much on your credit cards.

Money Market Account

A money market account is an account that generally offers a higher interest rate than a savings account but also requires a significantly higher balance to maintain. This type of account provides you with limited ability to write checks.

How it is relevant to you: Unlike with a CD, you have the opportunity to make a limited number of withdrawals from your account.


When you try to make a transaction that exceeds your balance—say, you try to use your debit card to buy a $200 smartphone but there’s only $100 in your account—your bank will do one of two things: (1) decline the transaction or (2) let it go through, causing you to “overdraw” on your account. In this second scenario, your account balance is now in negative territory, and your bank will charge you an overdraft fee. An overdraft can also happen when attempting to withdraw money from an ATM or writing a check.

How it is relevant to you: Keep a close eye on your account balances, because overdraft fees are expensive and can add up quickly.

Wire transfer

In much the same way as email moves a letter from one person’s computer to another’s electronically, a wire transfer moves money from one person’s account to another person’s account electronically. This can be done when people have accounts at different banks or at the same bank. Wire transfers are expensive due to typically high fees charged by banks to both parties. If the money is needed right away, consumers should know that banks send out wire transfers at certain times of day, and you could miss a cut-off time.

How it is relevant to you: Wire transfers are often used for large purchases, such as the down payment on a home.

Spencer Tierney is a staff writer for NerdWallet, where he covers all aspects of personal finance.

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Bmore Secure and Shred-it!

by Stacy Tharp 14. May 2014

Shred-it Baltimore Team

This week is National Small Business Week and we wanted to share our support for our local entrepreneurs by showcasing one of our small business customers, Shred-it Baltimore.

Information fraud has been the fastest growing crime in the country over the past five years, according to Pru and Lee Miller, owners of Shred-it Baltimore. Shred-it specializes in secure information destruction services including paper shredding and hard drive and media destruction.

Shred-it Baltimore's strong commitment to customer service and satisfaction has allowed them to stand out as one of the leaders in the document and data destruction industry. Not-so-coincidentally, 1st Mariner’s same commitment to customer service is what compels Shred-it to bank with 1st Mariner.

Shred-it Baltimore

In an effort to raise awareness and promote prevention of consumer fraud and identity theft, Shred-it organizes Community Shred-it™ events. These events give individuals the opportunity to have their confidential documents destroyed on site, for a minimal fee or donation to a local charity.

Shred-it is hosting three community events this Saturday, May 17th in Baltimore, Bel Air and Annapolis. You can find more information on their website.

"It's rewarding to know that we run a business that provides a unique and necessary service to the businesses and residences in the Greater Baltimore metro area,” says Pru.

Shred-it Baltimore also creates employment opportunities for 50 residents.

According to the Millers, individuals and businesses must protect information in every imaginable way these days. The Shred-it website contains many free resources to improve information security and reduce the risk of fraud.

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