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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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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New website receives positive reviews

by Kevin Lynch 6. October 2009

1st Mariner's new website was recently recognized by Baltimore Sun reporter Dan Thanh Dang on her blog at baltimoresun.com as her consumer webiste of the week. She specifically highlights the 7 day a week online chat available on the website. Check out her comments at: http://weblogs.baltimoresun.com/business/consuminginterests/blog/2008/09/talk_to_1st_mariner_bank_servi.html#more

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