Maryland lawmakers clash over S and L takeover deal
Maryland's emergency session pits House Speaker Cardin and Gov. Hughes against Senate President Steinberg over using 25 million from the Maryland Deposit Insurance Fund to back Chase Manhattan's purchase of Merritt Commercial Savings & Loan. House supports the deal, Senate seeks to remove the subsidy and keep state rights to recover losses. Analysts predict possible compromises as session nears a 36 hour target.
MENTIONED IN THIS ARTICLE
Annapolis
Maryland General Assembly
Maryland Savings and Loans
New York
House
Senate
Chase Manhattan Corporation
Merritt Commercial Savings & Loan of
Baltimore
Benjamin Cardin
House of Delegates
Harry R. Hughes
Melvin A. Steinberg
Baltimore County
Merritt
Maryland Deposit Insurance Fund
MDIF
Chase Manhattan
Chesapeake Savings & Loan
Friendship Sel
Bethesda
Chase
Old Court
Community Savings & Loans
Senate Finance Committee
Hughes
Steinberg
Cardin
Donald Hutchinson
U.S. Senate
Hutchinson
Gerald Hein
Klein
Statehouse
Kaplan
Merritt Commercial Savings & Loan
Cheaspeake
Friendly Savings & Loan
General Assembly
Chase Manhattan Corp
First Maryland Savings & Loan
Citicorp
First Maryland
Brown
Hughes unveils hardship withdrawal plan in Maryland
Gov. Harry R. Hughes announced a plan allowing limited hardship withdrawals from Old Court Savings & Loan and Community Savings & Loan, currently under MDIF conservatorship. The program covers medical bills, institutional care, tuition, funeral costs, and basic living needs, with repayments only for tuition advances.
MENTIONED IN THIS ARTICLE
Annapolis
Harry R. Hughes
Maryland Insurance Deposit Insurance Fund
MDIF
Old Court Savings & Loan
Baltimore
Community Savings & Loan
Lou Panos
Hughes
Melville
Brown
S&ls
Baltimore City
Joseph HH. Kaplan
Lake Spring Water Co hearing on consent order moves forward
The hearing on Lake Spring Water Co will proceed next week despite a consent order being sent back by the state health department. If the order is deemed correct and Brosius fails to comply, penalties up to 50000 dollars could be imposed. a final decision will follow an appeal in Baltimore on October 24.
MENTIONED IN THIS ARTICLE
Lake Spring Water Co
State Health Department
Health Department
William Brosius
Mark Cohen
Cohen
Water Company
Lake Spring Water Company
Brasius
Brosius
The
Baltimore
Charles Castle
Lake Spring
Saab
Saab Service Clinic
Remembered Police Officer Cashour Remembered as Friend
Police officer Cashour died Friday while preparing for vacation leaving a community saddened. Colleagues and citizens praised his memory and care for people, noting he kept track of drivers and places and made others feel safer on Friday nights and beyond.
MENTIONED IN THIS ARTICLE
Bobbie
Cashour
Bernie King
King
Hucklebuck
Redskins
Calvin Sr
Cy” Bartgis
Bartgis
Anna Mae Wiles
White Star
North Market Street
Cliff Hevner
Remsberg’s Jewelers
Hevner
James A. Updegraff
Maryland State Police
Pierce C. Stine Jr
Stine
Asone Mar
Maryland plan aims to salvage Community S&L via EPIC unwind
Maryland's MDIF outlines a plan to liquidate about 20 000 EPIC related properties and recover up to 90 million from Community Savings and Loan Association. The strategy would reduce Community's EPIC exposure by 120 million while presenting a diversified asset package including mortgages and notes to attract a bank buyer. Brown calls negotiations on a very positive track.
MENTIONED IN THIS ARTICLE
Annapolis
State of Maryland Deposit Insurance Fund
MDIF
Community Savings and Loan Association
Epic Real Estate
Melville S. Brown
Pamminihy
EPIC
Community
Maryland Savings and Loans
Brown
Nity
Historic District Commission Faces Floodplain Debates
City leaders defend preserving floodplain buildings while noting some structures could be removed. Commissioner Young cites long history of water based settlement and says the Historic District Commission often seeks workable alternatives when proposals are denied. He praises the commission as highly capable.
MENTIONED IN THIS ARTICLE
Young
Historic District Commission
Also Mentioned on This Page
Robert C. Reid
Melville Brown
the News
Frederick
A-4
Epic S&l
Robert C. Red
Urbana Pike
Evergreen Point Frederick
Lowrey
Conn
Baldwin
Hammond
Rich Hammon
Joe
Francis Scott Key Mall
Taos
Steve Swank
Tom Davidson
Treas
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