First Mariner Bancorp reports first-quarter drop

Published April 26, 2007 4:00am ET



First Mariner Bancorp, the Baltimore-based parent company of First Mariner Bank and Finance, announced a drop in net profit of more than $1.5 million for the first quarter of 2007.

For the first quarter, First Mariner reported a net profit of about $100,000, a substantial drop from the $1.66 million earned last year.

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