Howard Bancorp to acquire 1st Mariner Bank

Howard Bancorp plans to acquire 1st Mariner Bank for $163.4 million, creating the Baltimore area’s largest locally based bank. The parent of Howard Bank’s acquisition of Baltimore-based 1st Mariner, announced Tuesday, will nearly double Howard’s assets to $2.1 billion. Ellicott City-based Howard Bancorp also plans to relocate its headquarters to 1st Mariner’s office in Canton, making the combined institution Baltimore-based. (Balt. Sun)

Read Full Article

Why Under Armour's CEO had to ditch Trump

Under Armour CEO Kevin Plank didn't directly criticize President Trump for his reluctance to denounce neo-Nazis, the KKK and other white supremacists. In the wake of violent events in Charlottesville, Virginia, Plank stayed positive. "There is no place for racism or discrimination in this world. We choose love & unity," Plank said in a tweet to the nearly 1 million followers of Under Armour's official Twitter account Monday morning. By Monday night, Plank had stepped down from Trump's American Manufacturing Council. That decision was announced even after Trump specifically called out racism by white hate groups, referring to them as "repugnant." (CNNMoney)

Read Full Article

Why one prominent lawmaker believes Congress could still step up to fund a new FBI headquarters

One of Maryland's highest-ranking elected officials in Congress is confident his fellow lawmakers will still pony up the money needed to build a new headquarters for the FBI, perhaps even later this year, despite the federal government's surprise decision to spike the project last month for a lack of appropriations. U.S. Rep. Steny Hoyer, D-Md., said he believes there's bipartisan consensus behind the need to move the nation's top law enforcement agency from its aging and deteriorating home in downtown D.C. (Wash. Bus. Journal)

Read Full Article

South Annapolis Yacht Centre redevelopment project withdrawn

A maritime construction application for initial building on the South Annapolis Yacht Centre redevelopment has been withdrawn as the developer seeks to clarify "confusion" surrounding the project. Owner and developer Bret Anderson said his company, Pyramid Maritime One and Two LLC, will resubmit a new application after clearing up details surrounding the project to redevelop the former Sarles and Petrini boatyards. (Capital)

Read Full Article

This new Baltimore startup helps you find a room — and a decent roommate

An app launching next week will help match renters with suitable roommates in Baltimore. The Homies app aims to connect people looking to rent homes with roommates who would best fit their lifestyle and living preferences, based on personal profiles and a questionnaire. The company has raised a six-figure seed round from an angel investor. Baltimore software firm MindGrub is building the app. (Balt. Bus. Journal)

Read Full Article

Businesses to help Md. patients get medical marijuana if doctor says no

With the first medical marijuana dispensaries expected to open this fall in Maryland, patients are registering now to gain access to the drug. That has created a new kind of business when doctors say no, with one store in a Frederick strip mall already in place to fill a coming need. That need is the availability of medical marijuana in Maryland, when a doctor won’t sign off on its use. (WJZ-TV)

Read Full Article

Hancock firm ready to grow medical marijuana

If all goes as planned, Harvest could plant its first medical-marijuana seeds in Hancock Wednesday and gather its first crop about 130 days later. Harvest was among eight companies to get final growing licenses Monday from the Maryland Medical Cannabis Commission. "This gives us the ability to go ahead and begin our grow," plant Manager Jason Morris said Monday afternoon. "So we'll be able to get plants and product in our facility." (Herald-Mail)

Read Full Article

Harford farmers expect good corn yields, but prices could be better

A rainy July has led to a robust Harford County corn crop in August, as the rainy weather hit just as the corn was going through its crucial pollination period, according to a Harford County Extension agent.The strong crop, however, isn't going to translate into huge financial gains for farmers because corn prices are significantly lower than five years ago. Corn is trading at $3.60 per bushel, compared to a high of nearly $9 in 2012, said Andrew Kness, agriculture extension educator for the University of Maryland Extension's Harford County office in Forest Hill. (Aegis)

Read Full Article