Archive for February 2014

February 10, 2014 4:41 p.m. ET By: Stephanie Gleason First Mariner Bancorp the holding company for Maryland community bank 1st Mariner, filed for Chapter 11 bankruptcy Monday in order to sell its bank subsidiary. The company said it has an offer that would provide $100 million of new capital from a group of private-equity investors…

February 10, 2014, 6:56 PM ET By Maria Chutchian Baltimore-based First Mariner Bancorp, the holding company for 1st Mariner Bank, entered bankruptcy Monday for the purpose of selling off its bank subsidiary to a group of private equity funds for $100 million. The groups making up the stalking horse bid are Priam Capital, Patriot Financial…