First Mariner Bancorp files for bankruptcy

[zonemad96]

"BALTIMORE -- First Mariner Bancorp, a holding company that owns 1st Mariner Bank says it has filed for bankruptcy and plans to sell 1st Mariner to a group of investors.

First Mariner Bancorp said in a statement that it will recapitalize 1st Mariner Bank will $100 million. The holding company says the bank will not file for bankruptcy and will operate separately from the holding company."

Read more here: http://www.miamiherald.com/2014/02/10/3926412/first-mariner-bancorp-files-for.html#storylink=cpy