Maryland thrift trade group folds after 49 years
The Maryland League of Financial Institutions disbanded July 1 after striking a limited-privilege membership pact with the Maryland Bankers Association. Despite record thrift earnings, shrinking membership due to acquisitions led to collapse with 34 members last year and under 70 of Maryland’s 76 thrifts now affiliated. The national American Community Bankers Association notes few states sustain thrift-only trade groups.
MENTIONED IN THIS ARTICLE
Maryland League
Kresslein
American Community Bankers Association
Tye
Maryland
Bob Schmermund
Fewer banks report in 1996 first quarter
Bauer Financial Reports notes a sharp drop in U S commercial banks in Q1 1996 with smaller banks under 100 million assets losing 449 institutions since Q1 1995. Northeast, Central, Southwest and West regions hit hardest for delinquents. overall employment declined 1 percent to about 1.4 million.
MENTIONED IN THIS ARTICLE
Bauer Financal Reports
Coral Gables
Fla
United States
West
Outlet mall planned in Hagerstown
A 400,000 square foot outlet mall in Hagerstown cleared a key hurdle after a federal judge dismissed a challenge by Blue Ridge Outlet Associates. Groundbreaking for Maryland Factory Shops is planned this year, with 238,000 square feet opening next year on a 50 acre site.
MENTIONED IN THIS ARTICLE
Hagerstown
Anya Harris
Prime Retail
Interstate 70
MD. 65
Maryland
Harris
Washington County
Sharon Disque
Blue Ridge Outlet Associates
Martinsburg
W.va
Grain futures CHICAG AP futures trading on the CBOT
Grain futures activity is reported from Chicago with notes on ongoing CHICAGO Board of Trade trading. The brief item mentions futures movement and market activity for grains, reflecting the day's market snapshot and price directions.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
FCNB Bank to Launch Asset Management Division in 1997
FCNB Bank will form an Asset Management and Trust Services Division to begin offering in the first quarter of 1997. A. Patrick Linton, president and CEO, says the division aligns with the bank’s full service strategy and targets the baby boom generation and those nearing retirement. The division will serve six Maryland counties under FCNB Corp and complements FCNB Bank offices in Frederick, Carroll and Montgomery counties and Elkridge Bank locations in Howard, Anne Arundel and Prince George's counties. Earnings for FCNB Corp rose 12 percent with total assets of 718 million for the first half of 1996.
MENTIONED IN THIS ARTICLE
Fcnb Bank
Maryland
Fcnb Corp
Frederick
Carroll
Montgomery
Elkridge Bank
Howard
Anne Arundel
Prince George's
First Nationwide merger to form fourth largest U S thrift
First Nationwide Mortgage Corp of Frederick joins California based Bancorp in a definitive merger creating a nationwide thrift with about 30 billion dollars in assets, 285 branches, and operations in 44 states. The new entity would rank third in California and fourth nationally, with Frederick operations expected to remain stable.
MENTIONED IN THIS ARTICLE
First Nationwide Mortgage Corp
Frederick
Cial
United States
First Nationwide Holdings of
San Francisco
Called Bancorp
Janis Tarter
First Nationwide
T bills rise on Monday auction rates climb highs
Washington AP report says short term Treasury yields increased at Monday's sale. The Treasury sold 13 billion in bills at 5.20 percent, up from 5.14. Six month bills sold 13.2 billion at 5.34 percent, up from 5.30 percent. Three month bills reached the highest since 5.21 percent in July. Six month range also near July 15 peak at 5.36 percent.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Also Mentioned on This Page
Thrift Group
Outlet
New York
New York Stock Exchange
NYSE
Standard & Poor
American Stock Exchange
Pat
Giant Foods
Kmart
Fy Life Tech
Alpha Ind
Lockheed
Altimax
Owe
Sis
He Marriott
Avemco
The
Balt GE
Me Bell
Mercantile BioWhittaker
Nations Bank
Citizens Bank
Us Cc Corp
Jcpenney
Coca Cola
Theepsica
Comsat
Sears
Crown Amer
Exxon
Wmt
F&m Bancorp
Wrask Wash Gs
First United
Asx Weis
Fa Fred
Lowe’s Report
Lowe’s
the Frederick News
Frederick News-Post
Art Miesemer
News Post
Thei Invenediars
Faruhes
ED Waters JR
News-Post
Oldsmobile
And
PGA of
eReete Om Nae On
Jenkins Motors
PGA of America
Clustered Spires Golf Course
Gas House Pike
PGA Profisanal
Don Frost
Jenkins Oldsmobile
Walt Disney World
Eypenne Sagaresse
Oldsmobile Scramble
Olds
Nissan
Post
Scottsdale Securities Inc
Scottsdale
Oil & Gas
Scottsdale Securities, Inc
Discount Stock Brokers
Executive Blvd
Rockville
Ember Sipc
Senway
Quick & Reilly
Fidelity
Yoo
Waterhouse
Merrill Lynch
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