Our college years can be some of the best years of our lives, and of course we all know the educational benefits, but many of us do not think about the long term financial effects. That future bill left to be paid can be extremely alarming. According to Consumer Reports, the average debt outstanding for 2011 graduates is almost $23,000; however, we’ve all heard horror stories about people who have accrued well over $100,000 of debt by the time they’ve graduated. This is a scar... [More]
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]