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 1st Mariner Bank. I am a Baltimore native and I have almost 30 years of banking experience. Most recently, I was president of Wilmington Trust FSB, Maryland, and spent the majority of my career at Mercantile Bank in Baltimore.
Today, 1st Mariner is stronger than ever and is now positioned to deliver more products and services to meet your needs. We are devoted to investing in resources and technologies to better serve our retail and commercial customers.
Since the beginning, 1st Mariner Bank has been a unique asset to the Baltimore community and continues as the largest independently owned bank in the city.
Baltimore and the surrounding region offer many opportunities for growth and I look forward to building and maintaining a successful hometown bank.
The 1st Mariner team realizes the opportunity we have to help you meet your financial goals. What you should know is that your opinion matters, so if you have questions, concerns or suggestions, please do not hesitate to contact me.
I also want you to know that I, along with our Chairman and CEO Jack Steil and our new board of directors are committed to 1st Mariner Bank. Without a doubt, we are energized and optimistic about the future of 1st Mariner Bank.
Robert Kunisch, Jr.
President & COO
1st Mariner Bank