John P. McDaniel Disembarks from First Mariner Board - cbl
Posted June 11, 2010
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By citybizlist Staff
BALTIMORE -- First Mariner Bancorp (NASDAQ: FMAR), board member John P. McDaniel has tendered his resignation to Chairman Edwin Hale, according to an SEC filing.
In a letter to Hale, McDaniel says that the challenges of his new post as chairman of the Rockville, Md.-based Washington Real Estate Investment Trust (NYSE: WRE) and of starting his new business, The Hickory Ridge Group, a healthcare consulting and facilities development organization, require him to step down.
The resignation is effective immediately, but McDaniel offers to pitch in from time to time if needed. He calls First Mariner "a wonderful organization."
McDaniel's term on the First Mariner board was due to expire in 2012. He joined the board in 2006 and has served on the nominating committee. His compensation was $16,700 cash in fees and he holds 1,900 shares in options.
McDaniel served as chief executive officer of MedStar Health, a multi-institutional healthcare organization, from 1982 until his retirement in January 2008. He is also past chairman of the Greater Washington Board of Trade, past chairman of the Maryland State Racing Commission, a member of the Economic Club of Washington and a trustee of the National Capitol Area Foundation.
First Mariner Bancorp operates 23 community oriented 1st Mariner Bank branches throughout central Maryland, as well as portions of the Eastern Shore. 1st Mariner Mortgage, a division of 1st Mariner Bank, engages in mortgage-banking activities in Maryland, Virginia, Delaware and North Carolina.
SEC filing: http://tinyurl.com/3935bjz
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Posted June 11, 2010
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