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First Mariner CEO mum on bank's fundraising efforts
First Mariner Bancorp executives on Monday kept its annual shareholder meeting short, as the Baltimore bank says it must remain silent during an ongoing fundraising period.
First Mariner still needs to raise its leverage and risk-based capital to 6.5 percent and 10 percent, respectively, something it planned to do by June 30, 2010. The bank, under orders by federal regulators, said last month that as of Sept. 30 it still had yet to reach those levels. The bank’s leverage is at 4.1 percent and…
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