Greg Smith will return to the Baltimore area with M&T Bank as business banking market manager for the Baltimore and Chesapeake market. He has spent the last four years with M&T as the regional manager in Washington, D.C./Suburban Maryland area.
Banking & Finance
Posted inPeople
Shore adds Williams
Shore United Bank has hired Cendra Williams to its business development team. Williams previously served the local business community at other financial institutions. She specializes in cash management and merchant services.
Posted inBanking & Finance
M&T remains Baltimore’s top small business lender
M&T Bank was the Baltimore region’s top U.S. Small Business Administration lender for the 14th consecutive year in 2022. M&T approved 250 SBA 7(a) loans for $36.69 million in the fiscal year, which ended Sept. 30. The bank issued more than half of all SBA 7(a) loans approved in the Baltimore area. Nationally, M&T ranked […]
Posted inBusiness News
Commerce receives $1.6M from feds for small businesses
The Maryland Department of Commerce has been awarded a $1.6 million grant from the Economic Development Administration, an agency within the U.S. Department of Commerce. The federal grant comes from the American Rescue Plan and will be matched with $396,000 from the state’s Maryland Economic Adjustment Fund. The funding will be used to assist Maryland […]
Posted inAnne Arundel County
SECU Maryland surpasses $5B in assets
SECU, of Linthicum, has surpassed more than $5 billion in assets, a milestone that is unsurpassed by any other credit union in the state. SECU ranks among the top 60 credit unions nationwide and is the largest credit union in Maryland based on total assets. In reaching this milestone, SECU and the SECU MD Foundation will commit […]
Posted inBanking & Finance
Fulton Financial, Prudential announce $142M merger
Fulton Financial Corp. – the parent of Fulton Bank, which has 27 branches in Maryland – and Prudential Bancorp have entered a merger agreement under which Prudential will merge with and its operations and branches will morph into Fulton Financial. The stock and cash deal is expected to close in the third quarter of 2022, after […]
Posted inBanking & Finance
F.N.B. completes merger with Howard Bancorp
F.N.B. Corporation, of Pittsburgh, has successfully completed its merger with Baltimore-based Howard Bancorp. The customer and branch branding conversion is scheduled to be finalized on Feb. 7. As a result of the merger with Howard, FNB has approximately $42 billion in total assets, $27 billion in total loans and $33 billion in total deposits. FNB also has assumed the number six retail deposit share for banks […]
Posted inAnne Arundel County
Shore Bancshares, Severn Bancorp merger approved
Shore Bancshares, the holding company of Shore United Bank and Severn Bancorp, the holding company of Severn Savings Bank, announced that, at special meetings of their respective shareholders held on Oct. 22, Shore’s shareholders approved the merger of Severn with and into Shore. Shore will be the surviving corporation, with the issuance of shares of Shore’s common stock to the shareholders of Severn pursuant […]
Posted inBanking & Finance
M&T Bank among nation’s top SBA lenders
M&T Bank again ranked in the top 10 in the nation for U.S. Small Business Administration lending, providing 1,115 7(a) loans for a total of $201 million to help local small businesses grow during the SBA’s 2021 fiscal year – a 28 percent jump in dollars from 2020 levels. For 13 consecutive years, M&T has remained […]
Posted inAnne Arundel County
BayVanguard buys North Arundel Savings Bank
BayVanguard buys Arundel bank BV Financial, the parent company of BayVanguard Bank, and North Arundel Savings Bank, have entered into a definitive merger agreement whereby North Arundel Savings Bank will merge with and into BayVanguard Bank with BayVanguard Bank as the surviving entity. Under the terms of the merger agreement, depositors of North Arundel Savings Bank will become depositors of BayVanguard. […]