First Mariner Bancorp News

The Dow Jones Industrial Average fell below 10,000 for the first time in nearly four years, losing more than five percent in mid-day trading Monday and extending a global selloff that sent London's main stock ...

Growing concerns over the health of the U.S. banking system draggged down stock in several Baltimore-area financial institutions Monday.

With the opening of a stretch of red cobblestones in front of the new Ritz-Carlton Residences, city residents now have access to more than six miles of almost uninterrupted waterfront public space around ...

A small, clay topographic model of the city of Rome, about one foot square, sits on a table in the office of Baltimore planning director Douglas B. McCoach, not far from a large reprint of another Roman city ...

As First Mariner Bancorp seeks to return to profitability, it has sliced top executives' salaries by 10 percent and cut fees to directors for attending meetings.

In a week when major banks hemorrhaged red ink and their stock prices cratered, Baltimore's First Mariner Bancorp drastically pared its second-quarter net loss.

Facing regulatory scrutiny and millions of dollars in losses, First Mariner Bancorp plans to sell the assets of an Ocean City branch and close a branch in Towson.

Baltimore Business Journal - by Daniel J. Sernovitz Staff Baltimore developer Edwin F. Hale Sr. via Residential Real Estate

Costs rising like dough A perfect storm of conditions has contributed to rising costs that have pinched producers like family-owned, Baltimore-based H&S Bakery Inc. via Daily Record

The Canton Crossing mixed-use development in Baltimore's Canton neighborhood will more than double in size with plans for a Main Street-style shopping center most likely anchored by Target and grocer Harris ... via Hotel Online

Baltimore Business Journal - by Daniel J. Sernovitz Staff First Mariner Bancorp CEO Edwin F. Hale Sr. via Baltimore Business Journal

“The fundamentals of the company continue to be worse than I have expected for the last four quarters now”

First Mariner Bancorp reported a worse-than-expected $3.3 million first-quarter loss yesterday, but said it is close to turning the corner after a year of bad news stemming from the declining housing market and a slew of bad loans.

The results came as the Baltimore-based bank increased its provision for bad loans to a record level and continued to write down the value of mortgages originated by its since-closed wholesale division. The loss amounts to 52 cents per share, compared with a profit of $100,000, or 2 cents per share, in the year-earlier quarter. The average analyst estimate was for a loss of about 40 cents per share, according to Thomson Financial. Read more

“I would have liked to have seen it. But I've been honored so many times. ... It doesn't matter at all.”

A statue intended to honor the man whose motto is "Do It Now" isn't likely to be done anytime soon. via BaltimoreSun.com

“If the CEO is an employee of the corporation, he needs a boss.”

First Mariner Bancorp's risky loan portfolio and negative earnings could cause it to be among the financial institutions that collapse this year, according to a Frederick-based credit rating firm. via Daily Record

Baltimore Business Journal - by Daniel J. Sernovitz Staff First Mariner Bancorp 's board of directors has named Baltimore economist Anirban Basu to fill one of four vacant director positions, among them the ... via Baltimore Business Journal

First Mariner Tower is part of the Canton Crossing waterfront project. View Larger A second contractor is claiming it was shorted for its work on the First Mariner Tower, a waterfront office building in Canton ... via Construction News

“I think it's pretty significant because they are used to having their own autonomy”

Evan Kanellopoulos, of Drexel Foods Inc., took part in a Sysco Foods trade show at the Baltimore Convention Center on March 5. View Larger Baltimore Mayor Sheila Dixon is planning a major shakeup to the city's ... via Baltimore Business Journal

Luckily, John K. Tolmie has better hair than The Donald. Tolmie, president and CEO of St. via Baltimore Business Journal

BALTIMORE, Jan. 29 /PRNewswire-FirstCall/ -- First Mariner Bancorp , parent company of First Mariner Bank and Mariner Finance, LLC, today announced a net loss for the fourth quarter of 2007 of $2.718 million ... via Earth Times

Baltimore Business Journal - by Daniel J. Sernovitz Staff First Mariner Bancorp CEO Edwin F. Hale Sr. via Baltimore Business Journal