Milestone Tackles Consumer Finance

Davis, Avram
December 2009
Mergers & Acquisitions Report;12/28/2009, Vol. 22 Issue 52, p16
The article reports on the acquisition of Mariner Finance LLC, the consumer finance unit of 1st Mariner Bancorp, by buyout firm Milestone Partners. The deal is valued at 10.7 million U.S. dollars. No significant changes will be reportedly made on the unit, which will remain in Baltimore, Maryland. According to Milestone partner W. Scott Warren, the deal is advantageous as competitors have reduced their consumer lending and credit card activities.


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