TITLE

Fed Acts Against First Mariner of Md

PUB. DATE
December 2009
SOURCE
American Banker;12/14/2009, Vol. 174 Issue 221, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the U.S. Federal Reserve Board (Fed) was taking enforcement actions against First Mariner Bancorp. Some details of the plan, aimed at preserving First Mariner's financial viability, are described. The bank was prohibited from paying out dividends or incurring debt without written approval from the Fed.
ACCESSION #
47194344

 

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