April 19 (Reuters) - First Mariner Bancorp:
* 1st mariner bancorp plans to raise $160 million in new capital
* Says priam capital to invest approximately $36.4 million
* Says also plans to conduct a $15 million rights offering after the closing of
the capital raise
* Upon closing of the transaction, Edwin F. Hale Sr. will step down as chairman
and chief executive officer
* Says on closing of capital raise, a designee of priam will join co's and
bank's respective boards
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* 1st mariner bancorp plans to raise $160 million in new capital
* Says priam capital to invest approximately $36.4 million
* Says also plans to conduct a $15 million rights offering after the closing of
the capital raise
* Upon closing of the transaction, Edwin F. Hale Sr. will step down as chairman
and chief executive officer
* Says on closing of capital raise, a designee of priam will join co's and
bank's respective boards
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.