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Banking Industry Maryland

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BUSINESS
January 20, 1988 | Associated Press
A jury on Tuesday fined three former directors of First Maryland Savings & Loan $100 million each for mismanagement and fraud that helped cause the thrift's collapse in 1985. The award plus additional amounts bringing the total to $387 million culminated a 4 1/2-month civil trial in Montgomery County Circuit Court, and lawyers called the award the largest ever in Maryland.
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BUSINESS
July 18, 1992 | From Times Staff and Wire Reports
NationsBank Making $200 Million Investment in MNC: NationsBank Corp. said that in addition to the strategic investment in Baltimore Md.-based MNC Financial Inc., it has an option to buy the ailing Baltimore-based banking company outright during the next five years. The No. 4 ranked U.S. bank described the investment as a capital infusion that would help MNC combat financial difficulties posed by problem real estate loans.
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BUSINESS
July 18, 1992 | From Times Staff and Wire Reports
NationsBank Making $200 Million Investment in MNC: NationsBank Corp. said that in addition to the strategic investment in Baltimore Md.-based MNC Financial Inc., it has an option to buy the ailing Baltimore-based banking company outright during the next five years. The No. 4 ranked U.S. bank described the investment as a capital infusion that would help MNC combat financial difficulties posed by problem real estate loans.
BUSINESS
January 20, 1988 | Associated Press
A jury on Tuesday fined three former directors of First Maryland Savings & Loan $100 million each for mismanagement and fraud that helped cause the thrift's collapse in 1985. The award plus additional amounts bringing the total to $387 million culminated a 4 1/2-month civil trial in Montgomery County Circuit Court, and lawyers called the award the largest ever in Maryland.
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