Sale of the 1st Mariner Tower completed by Hale Properties

by Kevin Lynch 29. October 2009

The sale of the 1st Mariner Tower, home of 1st Mariner Bancorp headquarters, was announced on Wednesday. The property was owned and controlled by Edwin F. Hale Sr. through his real estate development company, Hale Properties, and sold to Corporate Office Properties Trust (COPT), a publicly traded company based in Columbia, Md. 

This sale will have no effect on 1st Mariner Bancorp’s lease or occupancy in the building, where it also has a banking office. It is important to note that, while Mr. Hale is chairman and CEO of 1st Mariner Bancorp, 1st Mariner Bank held no stake in the building, nor did the bank hold in its lending portfolio any loans related to the building.

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Set Your Savings

by Admin 13. October 2009

Today is an exciting day for us here at 1st Mariner Bank. It's the official launch of our new Savings Service called 'Set Your Savings.' So, you may be asking, what is a debit savings feature? Simply put, it's when a debit card purchase triggers a certain amount of money to be transferred from your checking account to your savings account.

I know, BofA and the Wacha' already do this, but ours is different and catered specifically for you. Who can keep up with a constantly changing amount transferred or $1.00 per transaction? That's too confusing and too expensive for my taste. So, instead of US determining how much money is transferred per each transaction, - like some of our competitors like to do -we have given YOU the say. That's right, you determine how much money (from $.05 to $1.00 in increments of $.05) is transferred into the savings account, allowing you to budget better and save as little or as much as you'd like. Now that is truly building a service just for you.

We know times aren't that easy and we understand that saving is now at the forefront of many customers financial concerns. This recession has shifted the habits of consumers from spending to saving and we plan on helping you develop an easy money saving strategy. So, to reward those who use Set Your Savings to help them save, we will match 10% of the amount that is transferred from your checking account to your savings account with a maximum of $250.00 annually. SWEET!

Not sure of how much you could be saving? No worries, we've created a great web page specifically for this new feature. On the page, there is a calculator that will allow you to see how much you could be saving each year if you enroll in the Set Your Savings feature. All you have to do is estimate how many purchases you make each week with your debit card and the amount you would like to transfer into savings. We'll do the magic math dance (don't ask) and show you an estimate of how much you could be saving.

Click here for the Set Your Savings page - Set Your Savings

Remember, don't just keep the change...Set Your Savings.

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Financial concerns of consumers

by Kevin Lynch 9. October 2009

We recently participated in a Twitter Town Hall hosted by FinanceWorks/Digital Insight. To see all the tweets from the discussion, simply go to this link: http://search.twitter.com/search?q=ditownhall.

The discussion centered on a recent survey conducted by Digital Insight asking consumers and small businesses about their financial life. When asked about their most pressing financial concern, consumers were overwhelmingly concerned with living within their means and paying bills. We've seen this trend as well. We've added many new bill pay customers to our online banking platform and more bills are being paid through it then ever before. We think it can be a very effective tool in managing one's finances.

What are the things in your financial life that keep you awake at night? We'd love to hear from you.

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