USF&G Plans 300 Million Stock Offerings In 1991
USF&G Corp plans to raise 300 million through two public stock offerings. A.M. Best may assign an A rating to USF&G’s United States Fidelity and Guaranty Co. unit, down from a prior contingent rating. The group aims to add equity by Q3 1991, preserve capital, and cut costs after a rough first quarter with 55 million in losses and 70 percent market share drop due to two large charges.
MENTIONED IN THIS ARTICLE
Baltimore
Usf&g Corp
A.M. Best Company
United States Fidelity and Guaranty Co
Property and Casualty
Usf&g
Kerrie Burch
National Workers' Compensation
Regional farmers see 8 percent rise in mid-Atlantic loans
Farm Credit Bank of Baltimore reports 14th straight quarterly loan increase as regional farmers show confidence and long term fixed rate loan demand. Net income across the bank and 17 associations reaches $1.2 million for Q1 1991, with net interest income at $22.4 million. Associations serve over 50,000 borrowers across Maryland Virginia Delaware Pennsylvania and Puerto Rico.
MENTIONED IN THIS ARTICLE
Baltimore
mid-Atlantic
Farm Credit Bank of Baltimore
Bank
Gene L. Swackhamer
Swackhamer
Maryland
Virginia
Delaware
Pennsylvania
Puerto Rico
Grain futures on Chicago Board of Trade notes moves
Futures trading on the Chicago Board of Trade shows Wheat Soybeans and Oats activity with open highs lows and settles. Prices quoted per bushel for Wheat Soybeans and Oats with May August September November and January contracts and day’s change. Trading metrics include volume open interest and price ranges.
MENTIONED IN THIS ARTICLE
Iago (Ap
O Board of Trade
Pepco seeks minority contractors for Dickerson plant
Pepco contracts Potomac Electric Power Co. seeks minority and protected class contractors and suppliers for Dickerson power station work. An open house will be held 9 a.m. to noon on Thursday May 16. For more information call Rhonda Gebicke at 202 872 2141.
MENTIONED IN THIS ARTICLE
Potomac Electric Power Co
Pepco
Dickerson
Rhonda Gebicke
Federal suit filed against MNC Financial Inc in Baltimore
A federal lawsuit accuses MNC Financial Inc and top officers of securities fraud and misrepresentation. The 125 page complaint, filed in U S District Court in Baltimore, targets two former board members and seeks unspecified damages. Plaintiffs say the bank holding company misled investors about its real estate portfolio while lending in speculative ventures as office construction slowed in the Baltimore Washington market.
MENTIONED IN THIS ARTICLE
Baltimore
MNC Financial Inc
Richard D. Greenfield
Pennsylvania
U.S. District Court
Frederick N. Motz
Motz
MNC
MNC Financial
Baltimore- Washington
Potomac Edison Bonds Rated AA By Fitch With Uncertain Trend
Fitch assigns an AA rating to Potomac Edison Co. proposed $50 million first mortgage bonds citing the Allegheny Power System's sound finances. Trend uncertainty reflects CAA compliance exposure and regulatory treatment questions. Phase 1 CAA costs are about $217 million, while other Potomac Edison's capital is $580 million. The company seeks CWIP favorable rate treatment as 59 percent regulated in Maryland, 19 percent in West Virginia, 18 percent in Virginia, and 4 percent by FERC. Also, Frederick County hosts a marketing seminar May 21 at Frederick Community College from 9 a.m. to 3 p.m. for small business owners and students. fees are $40 members, $55 guests, $8 students. Reservations: Bill Ferguson. A Maryland Insurance Division rep will be at the Washington County Courthouse May 20 from 10 a.m. to 1 p.m. to field questions. no appointment needed. For other inquiries call 1-800-492-6116.
MENTIONED IN THIS ARTICLE
New York
Prnewswire
Potomac Edison Co
Fitch
Allegheny Power System
Potomac
Potomac Edison
Maryland
West Virginia
Virginia
Federal Energy Regulatory Commission
Frederick County Advertising Federation
Jack Kussmaus
Frederick Community College
Bill Ferguson
Maryland Insurance Division
Washington County
Hagerstown
Also Mentioned on This Page
Washington
Thhe Agriculture Department
Usda i
Salopel
Patrick Street
Frederick, MD
Sredenck News Post
Iates, Inc
Iohave
Office Suppliers Incorporated
Fountainhead Plaza
Pennsylvania Ave
Hagerstown, MD
IBM
Personal Wheelwriter
The
International Business Machines Corporation
Palmer Animal Hospital
Main Street
Myersville
Philip L. Palmer D.V.M
Tim McAfee
J.T. McAfee
General
Foxville RD
Sasalaswale
Charles A. Cantone
Psychological Services
Corujo Consulting and Associates Microcomputer
Columbine Drive
Fretlench
Michael A. Corujo
Lutheran Brotherhood
John R. Lovell, Jr
FIC
Jenerman Pile
SK Enterprises
Cumberland
Orchard Way
Frederick
Mad
Johnson Crane Service, Inc
Evergreen Point
JI OB Shop
Susan
Pat Sol Thstireet
DLA
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