Mentoring Baltimore's rising entrepreneurs one student a time.

by Kevin Lynch 6. October 2011

NFTE & 1st Mariner BankWith the start of the school year, the folks over at the  Network for Teaching Entrepreneurship (NFTE) start their engines as well. NFTE's mission" is to provide programs that inspire young people from low-income communities to stay in school,  recognize business opportunities and to plan for successful futures." I, along with several other colleagues at the bank, have been involved in the program at various Baltimore City schools for the last four years. As Baltimore's community bank,  we work with the teachers as they incorporate the NFTE curriculum into their lesson plans. We go into the classroom on a weekly basis and work with these young entrepreneurs to help them identify business ideas, develop their business plan, and get their businesses started.

These rising young entrepreneurs in waiting then compete in local business plan competitions, first in their classroom and then against other students in a city-wide competition. At these events, they present their business plans to panels of judges for cash prizes. For those who win their local competition, there are even opportunities to compete with other young entrepreneurs from around the country. A couple of the young entrepreneurs we worked with at Patterson High School were even featured in a movie, "Ten9Eight" about a national business plan competition in New York. We've stayed in touch with one of these students who is now a sophomore pursuing a business degree at the University of Baltimore.

NFTE is a terrific organization that can really make a difference in our community. Teaching our young people financial literacy and business insight  is extremely important to the Baltimore Community and we at 1st Mariner Bank are proud to be involved in such a meaningful organization.  If you are looking for an opportunity to work with the youth in the city, there are plenty of ways to get involved. Visit the NFTE-Baltimore website to find out more.

How to Prevent Check Fraud Scams

by Elizabeth Sherman 3. October 2011

1st Mariner Check Fraud PreventionPositive Pay is, quite frankly, one of the best ways to prevent check fraud scams on a business checking account. Basically, a business owner writes checks and if there are any discrepancies between the checks written and the checks clearing the account, the business owner has the option to either pay or return the items. No check will clear the account without going through this process and thus limits the possibility of check fraud scams.

Most business owners understand and appreciate the security of Positive Pay, but feel the process can be too labor-intensive with entering or downloading the check information to their bank.  With one of our customers, the objection wasn’t so much about entering the information but more with having to implement the Positive Pay product on all three of their business entities. A recent incident, however, changed their opinion when Positive Pay prevented almost $2,000 in check fraud losses.

Over one weekend, several individuals came into a few 1st Mariner Bank branches, attempting to cash checks written on one of the entity accounts, and because of Positive Pay, the checks were flagged as “exceptions” (possible fraudulent checks). The basic information (date, serial number or amount) didn’t match the information provided by the business owner. This, in turn, prompted additional inquiries from our tellers. Unable to verify the checks with the business owner, the tellers refused to cash the items and, in one instance, alerted the police when one individual was unable to provide the appropriate ID, resulting in an arrest.

With advances in technology forcing business owners to be even more vigilant with their account information, Positive Pay’s check fraud prevention process provides an additional level of security in protecting the cash business owners fight so hard to earn.

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1st Mariner Bank Purple Friday Trivia

by Erica Barry 21. September 2011
Purple Friday's at 1st Mariner Bank

On the first "Purple Friday" of the 2011 Football Season, we held a Ravens Trivia contest for 1st Mariner Bank employees.  SEVEN lucky winners got to take home Purple Friday prizes to share with their families as they prepped to watch  the Baltimore Ravens season opener against the Pittsburgh Steelers. What a game, right?!

Employees had to be numbers 5 (Joe Flacco), 7 (Billy Cundiff), 20 (Ed Reed), 52 (Ray Lewis),  55 (Terrell Suggs), 74 (Michael Oher), or 81 (Anquan Boldin) who correctly answered the trivia questions below.

Think you would have been one of the lucky winners? Below are the set of questions that were sent out to our employees. While the contest is over and we're out of prizes, if you think you know the answers, copy and paste them onto our Facebook wall and we'll let you know if you're as up-to-date on your Ravens trivia as you think you are.

Click here to see some of the pics of our lucky winners.

1. Who was the first player to score for the Ravens?
Ernest Byner
Jamal Lewis
Tony Banks
Vinny Testeverde

2. Who was the first head coach of the Baltimore Ravens?
Ted Marchibroda
Brian Billick
Bill Bellichick
Art Modell

3. Who is the only player to play against the Colts in their last game at Memorial Stadium and the Ravens in their last game at Memorial Stadium?
Barry Sanders
Bruce Matthews
John Elway
Dan Marino

4. Who scored the first touchdown for the Ravens in Super Bowl XXXV?
Shannon Sharpe
Trent Dilfer
Jamal Lewis
Brandon Stokley

5. In which stadium did the Ravens play in their first season in Baltimore?
Camden Yards
Ravens Stadium
Baltimore Memorial Stadium
1st Mariner Arena

6. Who was the Raven's first draft pick?
Ray Lewis
Peter Boulware
Duane Starks
Jonathan Ogden

7. What is the name of the HBO series that chronicled the Ravens training camp in 2001?
Running with the Ravens
Hard Knocks
Camp of Champions
Training Days

8. Which player was on the receiving end of the longest pass play in Ravens history?
Derrick Alexander
Michael Jackson
Qadry Ismail
Shannon Sharpe

9. Which Ravens receiver once caught four touchdown passes in one game?
Derrick Alexander
Marcus Robinson
Patrick Johnson
Michael Jackson

10. Which team did the Ravens play to a tie during the 1997 season?
Arizona Cardinals
Cleveland Browns
Tennessee Titans
Philadelphia Eagles



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