What motivates you?

by Admin 28. May 2010

Here is a great video I found today on Lifehacker that explains -  through empirical evidence - what motivates people.  Not only is the information fascinating and contrary to what you would assume, but it's illustrated in a white board fashion. 

Be sure to comment about what motivates you.  Maybe we can help one another put our motivations into a new perspective.  

Tags:

Trends in Mobile Banking

by Kevin Lynch 19. May 2010

I recently attended an eCommerce conference for financial institutions called Net.Finance. Over the two day period, there were two consistent themes across most of the presentations. They were the growth of mobile as a servicing and delivery channel and the use of social media by banks. I'm going to focus todays' post on mobile.

Over a year ago, we began offering an iPhone Branch/ATM Finder application, one of the first in the country. Even with the limited functionality, we've been pleasantly surprised to see over 1,500 downloads. This simple application confirmed that there is definitely a demand for these services. And why not? Over 78% of the US Consumer market, close to 242 million people, are expected to have mobile access by the end of 2010. Of those mobile users, 1 in 5 will be using the so-called "smart phones" like the iPhone and Android. When we launched the iPhone app, we were one of a handful of banks. Now, there are over 78 financial institutions offering 86 mobile apps for iPhone users.

As we follow these national trends, we realize that our customer and prospect needs are changing as well. So in the very near future, we'll be rolling out a mobile solution that will meet the needs of our community. We are very excited about this solution. Stay tuned for more in the months ahead.

Important Message for Participants of the 1st Mariner Stock Offering

by Admin 3. May 2010

We have been receiving a lot of calls from those who took advantage of our most recent stock offering and are here to help clear up any confusion you may have.

Please note that all of the shares issued in our recent stock offering were issued via Book Entry in the Direct Registration System (DRS).  What is DRS, you ask?  DRS is a method of recording shares of stock in book-entry form. Book-entry means the company's transfer agent, American Stock Transfer & Trust Company, maintains your shares on your behalf without the need for physical share certificates. Shares held in un-certificated book-entry form have the same rights and privileges as shares held in certificate form.  Shareholders statements were mailed to all participants in the offering by our stock transfer agent, American Stock Transfer. All shareholders participating in the offering should have received their statements by now.

Should you wish to have your shares added to your existing brokerage account, you should instruct your broker to electronically pick up the shares off of the Direct Registration System (DRS).  All brokers have access to this system and will be able to do this easily – This is one of the great benefits of DRS!

Below are some frequently asked questions regarding the DRS:

Q: What are the benefits of DRS

A: Holding shares in book-entry form through DRS has the following benefits

  • The convenience and security of book-entry shares
  • Reduces the risks, time and costs associated with storing paper share certificates and replacing lost or  stolen certificates
  • Enables electronic share transactions between your  broker/dealer and the company's transfer agent
  • Reduces the overall administrative costs to the company and its shareholders.

Q: How do I transfer my shares to or from my brokerage account or sell my shares?

A: In order to sell shares held in your DRS account you will need to have a brokerage account, which you may open (if you don't already have one) at the broker of your choosing. If you wish to transfer your shares to your brokerage account, whether or not you plan to sell your shares, contact your broker and provide him or her with your DRS account information (which appears on the DSR Transaction Advice you will receive from the company's transfer agent when you become a participant in DRS). Your broker will then electronically initiate the transfer of your book-entry shares based on your instructions.

Q: How do I transfer shares held through DRS to a new owner?

A: You may transfer shares to a new owner by contacting the company's transfer agent. Your instruction must include a Medallion Signature Guarantee. More detailed instructions on transfer requirements are available at www.amstock.com/shareholder/sh_transfinst.asp.

Q: What documents will I receive showing my shares held through DRS

A: You will receive a DRS Transaction Advice Form from the company's transfer agent following each transaction involving your shares held through DRS.

Q: What will it cost me to hold my shares through DRS?

A: You will not be charged for holding your shares of stock through DRS. You should contact your brokerage firm to determine its fees, if any, if you transfer your shares to or sell your shares through your brokerage account.

Q: How do I know my book-entry shares are safe and cannot be transferred without my consent?

A: Your written consent with a Medallion Signature Guarantee is required by American Stock Transfer & Trust Company to transfer shares to any third-party other than your broker. If you choose to supply a broker with your DRS account information your broker is responsible for obtaining instructions and documentation for any transfer or sale.

Q: What is a Medallion Signature Guarantee and how do I obtain one?

A: A Medallion Signature Guarantee is a statement (stamp and signature) given by a financial institution such as a commercial bank, credit union, brokerage firm, etc., that is a member of the Securities Transfer Association  Medallion Program (STAMP), New York Stock Exchange Program or Stock Exchange Medallion Program (SEMP, MSP). The Medallion Program is not a notarization. To obtain a Medallion Signature Guarantee please visit a financial institution that participates in the Medallion Program.

Q: How do I contact the company's transfer agent?

A: The company's transfer agent may be reached at:

American Stock Transfer & Trust Company

Shareholder Services
6201 15th Avenue
Brooklyn, NY 11219
800-937-5449 (Toll-free)
718-921-8124 (World-wide)

Tags:



© 2008- 1st Mariner Bank