October 23, 2017

from http://thedailyrecord.com/2017/10/22/october-23-2017/

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Md. banks and fintech companies finding common ground

Banks and financial technology disrupters, colloquially referred to as “fintech,” are reaching a point where their relationships are becoming more symbiotic than competitive. Firms offering credit, quick loans and person-to-person payment transfers have emerged at a rapid pace as larger chunks of the population become more comfortable with doing financial business with technologies, such as …

from http://thedailyrecord.com/2017/10/22/banks-fintech-relationships-maryland/

Best Week, Worst Week: Baltimore benefiting from Hogan-Pugh ‘growmance’; commission targets judge for removal

The residents of Baltimore saw more potential growth in the city this week with the state’s involvement in the North Avenue transit overhaul, another promising sign of a budding “growmance” between the governor and the mayor, while a state judicial panel sets its sights on removing a Baltimore judge for disrespectful and unprofessional demeanor. Business …

from http://thedailyrecord.com/2017/10/21/best-week-worst-week-baltimore-benefiting-from-hogan-pugh-growmance-commission-targets-judge-for-removal/

Q&A with the architects of Old Line, Bay Bank merger

The merger of Old Line Bank and Bay Bank is expected to be final in the second quarter of 2018 and will result in assets approaching $3 billion and close to 40 branch locations under the name Old Line Bank. Old Line Bank President and CEO Jim Cornelsen and Bay Bank President and CEO Joe …

from http://thedailyrecord.com/2017/10/20/qa-with-the-architects-of-old-line-bay-bank-merger/

Maryland banks still nurse hopes for Dodd-Frank changes

Maryland’s banking industry continues to seek reforms to the Dodd-Frank Wall Street Reform and Consumer Protection Act put in place after the Great Recession to right a troubled financial sector. Smaller, regional banks have been adversely affected by the regulations, according to industry advocates like the Maryland Bankers Association, the Independent Community Bankers of America …

from http://thedailyrecord.com/2017/10/20/maryland-banks-dodd-frank/

Howard Bank’s Scully: We’re not done growing

When Howard Bancorp announced in August that it was acquiring 1st Mariner Bank, the acquisition surprised no one who has followed Howard Bank or the local banking industry over the past several years. Howard has a history not only of merging with and acquiring other banks but of hiring talented teams of bankers from other …

from http://thedailyrecord.com/2017/10/20/howard-banks-scully-were-not-done-growing/

Md. hyperloop announcement spurs surprise and questions

The announcement of a surprise cutting-edge transportation project in Maryland is leaving a growing list of questions in its wake. Gov. Larry Hogan’s announcement Friday touted what could be the first leg of entrepreneur Elon Musk’s dream of building a pneumatic train system that will propel riders in a capsule at speeds of up to …

from http://thedailyrecord.com/2017/10/20/maryland-hyperloop-hogan-questions/