There have been many articles written on the topic of the “Personal Guarantee” as it relates to commercial loans. Traditionally, when a business owner comes to a bank requesting a commercial loan, one of the requirements is the owner’s Personal Guarantee. In a nutshell, the bank wants the owner’s promise that if the business fails to generate enough income to repay the loan, the owner(s) will step up and make sure the obligation is satisfied.
The Star-Spangled Sailabration celebrated the bicentennial of the War of 1812 and the writing of the Star-Spangled Banner. From 1st Mariner Bank's Canton branch and headquarters, we had a fantastic view of the tall ships and naval vessels sailing into the Inner Harbor, as well as the U.S. Navy Blue Angels practicing their aviation acts. Here are some shots taken by a few of our talented employees.
One of the first naval ships sails its way into the har... [More]
With local temperatures blazing into the three-digit range, this large-scale power outage couldn't have come at a worse time. Now, three days after the storms that caused the outages, many are still without power, and it could be several days before power is restored. The freak storm winds knocked trees not only into power lines, but also into cars, homes and other buildings. This isn't the first time we've seen a natural disaster cause such damage and distress, and unfortunately, it won't be th... [More]