Venable Represents First Mariner in Acquisition

Venable announced it represented the acquiring bank in its acquisition of 1st Mariner Bank from its holding company, First Mariner Bancorp, in a transaction resulting in a nearly $100 million recapitalization of 1st Mariner Bank.

First Mariner Bancorp to Provide $100MM for its Subsidiary

First Mariner Bancorp announced it will sell its wholly owned subsidiary, 1st Mariner Bank, to a new bank formed by investors. The sale will recapitalize the bank with approximately $100 million.