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:

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:

1st Mariner Branches & FourSquare

by Admin 6. April 2010

I've been busy with Social Media!  I've used Social Media sites for several years now to service our customers, add transparency, and reinforce our core values so, one would think that I've used all the sites and know all the tactics...  Not even close.  The landscape of the web and Social Media is constantly changing.  In my opinion, they aren't even separate anymore.  It's no longer Social Media, it's the Internet.  Due to the change I'm constantly testing out new and interesting tactics and sites.  Most recently, I've uploaded all of our branches to FourSquare.  Not sure what FourSquare is?  Check out the short video below.

So, what do I hope to accomplish with FourSquare and why is 1st Mariner Bank there?  Well, almost a million people are using FourSquare and that means it's important for the bank to have a presence.  Wherever the customers are, the bank should be.  Also, traffic to our branches has been declining over the past few years while the use of online banking and digital communication has been increasing.  I'd like to reward those who remain dedicated to their local branch.  In other words, that "Mayorship" to your local branch might be valuable in the next few months.

Next time your at a 1st Mariner Bank branch, grab your iPhone, Blackberry, Android or Palm and be sure to "check-in" on FourSquare and leave a comment/tip for others. Remember, that's what this is all about - sharing and engagement with 1st Mariner and others.



© 2008- 1st Mariner Bank