The chief executive officer of a Baltimore bank stressed the importance of his institution's work in low- and middle-income areas Wednesday after a division of the U.S. Treasury Department awarded the bank a cash prize for its efforts. The Harbor Bank of Maryland, a large community bank based in Baltimore, received the Bank Enterprise Award from the Community Development Financial Institutions Fund. The award is worth $500,000.
The Harbor Bank of Maryland and three of its employees have been named in a federal lawsuit on allegations of fraud and negligence over an unpaid $2.5 million loan to make a sports movie starring Martin Lawrence. According to the lawsuit filed Monday in U.S. District Court in Baltimore, Harbor Bank and three employees lied about having $13 million in two escrow accounts. That money would have been used to pay back a short-term loan that would have gotten the film project, tentatively titled "Season Tickets" off of the ground.
Federal banking regulators have directed The Harbor Bank of Maryland to improve its operations, but the bank's CEO said it has already complied with about three quarters of the order. In an order issued April 5 and made public Friday, the Federal Deposit Insurance Corp. required the Baltimore bank to hire a qualified management team, increase board participation in bank affairs and improve capital levels.
The Federal Housing Finance Agency (FHFA) is announcing the Federal Home Loan Bank (Bank) members it has selected for the 2010 seventh round review cycle under the FHFA's community support requirements regulation. This notice also prescribes the deadline by which Bank members selected for review must submit Community Support Statements to FHFA.
... Aberdeen......... Maryland. The Harbor Bank of Maryland.......... Baltimore....
The Harbor Bank of Maryland is preparing to expand its financial presence in the Greater Washington area. The Baltimore-based commercial bank has six of its seven branches in the Baltimore area, but officials are looking to its one Prince George's County office as an avenue to grow their lending business.
.... A Personal Banker or Branch Manager . [ILLUSTRATION OMITTED] . Irvin... and private banking officer at The Harbor Bank of Maryland in Baltimore, has always stressed...
Stephen Primosch has joined the staff at BankAnnapolis as vice president in the private business banking group, based at the company's headquarters. He previously was a commercial lending officer at Harbor Bank of Maryland; before that he worked as a business banking officer at Sun Trust and as a sales manager for Wells Fargo Home Mortgage. Primosch has a bachelor's degree and an MBA from Frostburg State University. AwardsMcCrone Inc. recently received a 2011 Large Project of the Year Award from the County Engineers' Association of Maryland for work on the Worton Wastewater Treatment Plant Upgrade and Effluent Land Application System in Kent County. The project team included Wayne Morris, director of public works, Kent County; Ryan Rangel, project manager, McCrone; and John Wathan, JLW ...
ANNAPOLIS, Md., Sept. 27 /PRNewswire-USNewswire/ -- Maryland Governor Martin O'Malley today joined President Barack Obama, Michigan Governor Jennifer Granholm, Treasury Secretary Timothy Geithner, U.S. Small Business Administrator Karen Mills, Congressional leaders and three small business owners from Maryland at The White House East Room for the signing of the Small Business Jobs Act of 2010 (H.R. 5297). Governor O'Malley was invited to attend the signing in recognition of the leadership role the O'Malley-Brown Administration played in helping craft an important provision in H.R. 5297 - the $1.5 billion State Small Business Credit Initiative (SSBCI), which will expand the capacity of small business loan guarantee programs that 34 states and U.S. territories have currently. The SSBCI is...
...Working with a number of local banks, including The Harbor Bank of Maryland, M & T Bank...
BankAnnapolis parent to be acquiredAnnapolis Bancorp Inc., parent company of BankAnnapolis, has agreed to be acquired by Hermitage, Pa.-based F.N.B. Corp. in an all-stock transaction valued at approximately $51 million, it was announced Monday by the two companies. Under the merger agreement, Annapolis Bancorp shareholders will receive 1.143 shares of F.N.B. common stock for each share of Annapolis Bancorp stock. Shareholders may receive up to an additional 36 cents per share in cash for each of their shares of Annapolis Bancorp, depending on resolution of an outstanding credit issue. Upon the expected closing of the transaction in April 2013, F.N.B. will have a four-state presence, including eight offices in Anne Arundel and Queen Anne's counties. WYPR names Joel McCord as news directo...
...Harbor Bank joins Exelon's credit lineExelon Corp., of Ch...-owned banks in Illinois, Pennsylvania, Maryland and New Jersey in 2012, which was $5 million more ...
... with 33 banks in Illinois, Pennsylvania, Maryland and New Jersey . CHICAGO -- As part of its commitm... Community Bank in Illinois, and The Harbor Bank of Maryland. With the addition of Baltimore-b...
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