I'm happy to report that on Tuesday, June 17th we completed the final step in the recapitalization of 1st Mariner Bank.
It has been a long and arduous process, but Tuesday’s closing allows us to move forward with the revitalization of 1st Mariner Bank. Now, 1st Mariner has $100 million in fresh capital, 16 branches, roughly 430 employees and meets all regulatory tests. In short, we are poised for growth.
I’d like to use this post to introduce myself as the new president and COO of 1s... [More]
"It's destiny, Joe!" "Our Elite quarterback!" "We are proud to be in Baltimore!" These are just a few things you may have heard shouted from the flooded streets of Baltimore after last Sunday's win. The energy in this town is unbelievable right now and EVERYONE is bleeding black and purple!
So how can you stand out from the crowd and let Baltimore know just how much of a fan you are? Put it on a billboard, of course!
After we heard about the billboards showcased in New England calling for Ray&r... [More]
U.S. Avoids Fiscal Cliff but Familiar Challenges Remain
With the noteworthy exception of the nation’s still expanding national debt, 2012 will be viewed by economic historians as predominantly a year of progress. Financial markets performed, the number of jobs expanded, unemployment fell, auto sales surged, housing prices stabilized and consumers were active. According to the most recently revised estimate supplied by the Bureau of Economic Analysis, national gross domestic product expan... [More]