First Mariner Bancorp (FMAR) news stock charts
First Mariner Bancorp (FMAR) Investment Summary:
First Mariner Bancorp ("First Mariner," on a parent only basis, and "the Company," "we," "our," or "us," on a consolidated basis) is a bank holding company whose business is conducted primarily through its wholly owned operating subsidiaries: First Mariner Bank (the "Bank"), Mariner Finance, LLC ("Mariner Finance"), and FM Appraisals, LLC ("FM Appraisals"). We were formed in 1995 and have total assets in excess of $1.246 billion as of December 31, 2007. Our executive offices are located in the Canton area of Baltimore City at 1501 South Clinton Street, Baltimore, Maryland 21224. Our telephone number is (410) 342-2600. We maintain internet sites located at www.1stmarinerbank.com, www.1stmarinerbancorp.com, www.1stmarinermortgage.com, www.vamortgage.com and www.marinerfinance.com. The Bank is our largest operating subsidiary with assets exceeding $1.133 billion as of December 31, 2007. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f14%2f0001047469-08-002776.html#FIS_BUSINESS"www.1stmarinerbank.com
Founded in 1994
FIRST MARINER BANCORP INC (FMAR:NASDAQ)
LAST $1.24 USD
CHANGE TODAY +0.02 1.64%
VOLUME 6.9K
As of 8:10 PM 03/19/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of FIRST MARINER BANCORP INC (FMAR)
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OPEN
$1.22
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PREVIOUS CLOSE
$1.22
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DAY HIGH
$1.24
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DAY LOW
$1.19
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52 WEEK HIGH
05/12/09 - $4.50
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52 WEEK LOW
12/1/09 - $0.55
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MARKET CAP
8.0M
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AVERAGE VOLUME 10 D
23.6K
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EPS TTM
$-0.56
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SHARES OUTSTANDING
6.5M
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EX-DATE
04/18/00
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P/E TTM
--
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DIVIDEND
--
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DIVIDEND YIELD
0.00%
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| K = Thousands M = Millions B = Billions | ||
related news
BRIEF: First Mariner Bancorp shareholders approve stock deal [The Baltimore Sun]
The McClatchy Company - 03/19/2010 5:07 PM ET
Key developments for FIRST MARINER BANCORP INC (FMAR)
First Mariner Bancorp, Special/Extraordinary Shareholders Meeting, Mar 19, 2010
03/9/2010
First Mariner Bancorp, Special/Extraordinary Shareholders Meeting, Mar 19, 2010 Agenda: To consider the issuance of up to $2.6 million of common stock and warrants to acquire additional shares of common stock in exchange for up to $26.0 million aggregate liquidation amount of trust preferred securities; and to grant management the authority to adjourn the Special Meeting to solicit additional proxies if there are insufficient votes to approve proposal.
First Mariner Regains Compliance
02/4/2010
First Mariner Bancorp announced that on February 3, 2010 it received a letter from The NASDAQ Stock Market notifying the Company that it had regained compliance with The NASDAQ Global Markets listing requirements. As previously reported, in order to regain compliance with those requirements, the closing bid price for the Companys common stock was required to be at least $1, and the minimum market value of its publicly held shares was required to be at least $5 million, for 10 consecutive trading days after December 10, 2009. Both of these requirements were satisfied as of February 2, 2010.
First Mariner Bancorp expected to Report Q1 2010 Results on April 26, 2010. This event was calculated by Capital IQ (Created on February 2, 2010).
02/2/2010
First Mariner Bancorp expected to Report Q1 2010 Results on April 26, 2010. This event was calculated by Capital IQ (Created on February 2, 2010).
First Mariner Bancorp financial resources
FMAR Competitors
| Company | Last | Change |
| Lakeland Bancorp Inc | $9.12 USD | +0.20 |
| NewBridge Bancorp | $3.60 USD | +0.05 |
| Peoples Bancorp Inc/OH | $17.34 USD | +0.36 |
| Sun Bancorp Inc/NJ | $3.91 USD | 0.00 |
| Virginia Commerce Bancorp Inc | $6.75 USD | +0.08 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | FMAR | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.2x |
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| Price/Book | 0.3x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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FMAR |
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FMAR transactions
| Type Date |
Target |
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Merger/Acquisition
October 7, 2009 |
Mariner Finance, LLC |
More Recent Financial News About First Mariner Bancorp
First Mariner Bancorp Announces Agreement to Exchange Common Stock and Warrants for Trust Preferred Securities
2010-03-10 08:29:01
Quote: Hale, through the agreement with First Mariner Bancorp, has agreed to exchange $20.0 million of the trust preferred securities for $2.0 million in common stock of First Mariner Bancorp plus warrants to purchase shares equal to 20% of the shares issued in the exchange.  Mr. Hale agreed to purchase the trust preferred securities, which have an aggregate liquidation amount of $20.0 million, for $2.0 million.Nasdaq Marketplace Rules.  The Company intends to submit a proposal for the ...Read article
First Mariner Bank to close Pa. branch
2010-03-05 06:04:41
Quote: by June 30, the bank’s parent company, First Mariner Bancorp, said in a prospectus filed Wednesday in connection with its upcoming stock offering.The Shrewsbury branch, the only one of First Mariner’s branches outside Maryland, is being closed because it is “a little bit beyond what we have defined as our footprint,” said Dennis Finnegan, executive vice president and head of retail banking for First Mariner. The branch, which is in leased space, opened in 2007. It employs...Read article
Shareholders vote to increase First Mariner shares
2010-02-15 07:52:42
Quote: for Hale to buy $20 million worth of trust preferred securities which he would exchange for $2 million in company stock.First Mariner Bancorp (Nasdaq: FMAR) shareholders also approved by a wide margin a measure authorizing the board of directors to institute a reverse stock split, if the board deems it necessary.According to a preliminary vote tally, 76.1 percent of votes were cast in favor of increasing the number of shares authorized to 75 million from the current 20 million. On a second propo...Read article
First Mariner Bancorp Announces Agreement to Exchange Common Stock and Warrants for Trust Preferred Securities
2010-02-05 07:27:37
Quote: 3 /PRNewswire-FirstCall/ -- First Mariner Bancorp (Nasdaq: FMAR) announced today that it has entered into an agreement with its Chairman and Chief Executive Officer, Edwin F. Hale, Sr., who has agreed to purchase trust preferred securities issued by Mariner Capital Trust II, Mariner Capital Trust IV and Mariner Capital Trust VIII. Â Mr. Hale, through the agreement with First Mariner Bancorp, has agreed to exchange $20.0 million of the trust preferred securities for $2.0 million in common stoc...Read article
Hale agrees to buy $20M in First Mariner's debt
2010-02-05 07:27:36
Quote: First Mariner Bancorp CEO Edwin F. Hale Sr. has arranged to buy $20 million worth of his own bank’s debt in a move aimed at helping the bank raise capital and meet the demands of federal regulators.In a Securities and Exchange Commission filing, First Mariner (Nasdaq: FMAR) announced the deal under which Hale will exchange $20 million in trust preferred securities for $2 million in company stock.The deal, subject to shareholder approval, also gives Hale warrants to buy additional shares up...Read article
1st Mariner Bancorp Announces It Has Regained Compliance With NASDAQ Global Market Listing Rules
2010-02-05 07:27:35
Quote: Read article
1st Mariner Bancorp Completes Sale of Mariner Finance; Company Receives Deficiency Notices from NASDAQ
2010-02-03 02:07:36
Quote: Read article
First Mariner Bancorp’s Hale sees ’09 compensation trimmed 8 percent
2010-01-14 04:27:25
Quote: First Mariner Bancorp CEO Edwin F. Hale Sr. was paid about $50,000 less last year than what he earned in 2008, the company said in a Securities and Exchange Commission filing Wednesday.Hale received total compensation of $544,847, including a salary of $522,000 in 2009. That’s down 8 percent from Hale’s total 2008 compensation of $593,342, which included a salary of $557,000.Two other First Mariner Bancorp (Nasdaq: FMAR) executives whose compensation was listed in the filing — ...Read article
1st Mariner Bancorp Completes Sale of Mariner Finance; Company Receives Deficiency Notices from NASDAQ
2009-12-23 01:08:12
Quote: Read article
First Mariner Bank faces NASDAQ delisting, completes finance arm sale
2009-12-23 01:08:11
Quote: First Mariner Bancorp, the parent company of First Mariner Bank, said Tuesday it has been notified by the Nasdaq stock market that the company’s stock faces possible delisting because its market capitalization and share price have fallen below the exchange’s requirements.First Mariner also said it has completed the sale of its Mariner Finance LLC consumer finance subsidiary to MF Holdco LLC for a total of $10.7 million.First Mariner (NASDAQ: FMAR) said it was told by Nasdaq that the ...Read article
First Mariner says shareholder OK crucial
2009-12-23 01:08:10
Quote: First Mariner Bancorp could potentially be forced by regulators to merge or liquidate if shareholders don’t approve its plans for selling new stock, the company said in a filing with the Securities and Exchange Commission on Tuesday.Buffeted by a slumping market for residential and commercial real estate, First Mariner Bank is under orders from federal and state regulators to boost capital levels. Its parent company wants to do that by selling $20 million in additional stock to existing sh...Read article
Fed issues enforcement actions against First Mariner Bancorp
2009-12-14 01:07:42
Quote: Federal regulators unveiled a written agreement Friday with First Mariner Bancorp designed to maintain the Baltimore bank’s “financial soundness.”The so-called enforcement actions, crafted by the bank holding company and the Federal Reserve Bank of Richmond, include restrictions on dividend payments and stock and debt redemptions without prior approval from the Fed. First Mariner (NASDAQ: FMAR) must also submit a written plan within 60 days to maintain sufficient capital levels...Read article
First Mariner Bank seeks to raise $20M
2009-12-09 03:33:39
Quote: First Mariner Bank, under orders from federal banking regulators to boost capital levels, is looking to raise up to $20 million in a stock sale by its parent company.And, a sale of part of First Mariner’s reverse-mortgage business also could be in the offing, the company said in the same filing Tuesday with the Securities and Exchange Commission.First Mariner Bancorp, the parent company of First Mariner Bank, plans to offer up to $20 million in stock to existing shareholders. The proceeds ...Read article
First Mariner to sell Mariner Finance to MF Holdco
2009-11-30 08:36:08
Quote: First Mariner Bancorp said Tuesday it will sell its consumer finance subsidiary, Mariner Finance LLC, to a private equity firm for $10.5 million.The proceeds from the sale to MF Holdco LLC will be used to boost capital levels at First Mariner Bank, which is under orders by banking regulators to increase those levels and also improve earnings and reduce problem loans. The deal is expected to close by Dec. 15.MF Holdings is a newly formed company sponsored by Milestone Partners, a St. Davids, Pa.-...Read article
FIRST MARINER BANCORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibi
2009-11-30 08:36:08
Quote: Item 1.01.Entry into a Material Definitive Agreement.
On October 7, 2009, First Mariner Bancorp (the "Company") entered into a
Contribution and Joint Venture Agreement (the "Contribution Agreement") with MF
Holdco, LLC, a newly formed Delaware limited liability company ("Holdco")
sponsored by Milestone Partners, a middle market private equity firm, pursuant
to which the Company will contribute all of its equity interest in its consumer
finance company subsidiary, M...Read article
COPT officially takes over $84 million mortgage of Canton Crossing
2009-11-30 08:36:07
Quote: But the developer and CEO of First Mariner Bancorp defaulted on that loan after paying back less than $10 million on the debt, according to a COPT Securities and Exchange filing.COPT, a Columbia real estate investment trust, stepped in to loan Hale another $24.8 million in 2008, according to COPT financial documents. Hale is behind on payments to that debt as well. In a document filed with the SEC, COPT said it would need to consider either buy the debt from Natixis or consider joining the firm&...Read article
First Mariner Bank to close downtown Baltimore branch early next year
2009-11-30 08:36:05
Quote: The bank’s policy is to try to find jobs for affected employees elsewhere in the bank, she said.First Mariner, which is part of First Mariner Bancorp. (NASDAQ: FMAR), is the largest independent bank headquartered in Baltimore. It has 24 branches throughout the area.......Read article
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