Howard Bank closes deal to buy Cecil Bank branch in Aberdeen

Howard Bank said Monday it has completed a deal to acquire a branch in Aberdeen from Cecil Bank. The deal gives Ellicott City-based Howard its first branch in Harford County. Howard will pick up $37.1 million in loans and $35.2 million in deposits, as part of the deal. (Balt. Bus. Journal)

Read Full Article

August 19 // Loss of Otakon points to future challenges for Baltimore's convention business

Even after losing Otakon, the city's biggest convention, Visit Baltimore promoted its success booking future conventions last week. Baltimore's tourism business ticked up somewhat in fiscal year 2013, which ended June 30. Visit Baltimore, the city's convention and visitors bureau, said it sold 477,764 convention room nights for future dates, the third-most of all time. Still, the loss of the giant anime convention demonstrates the need for the city to expand and refresh its convention center in the next decade as business travel rebounds, city officials said. (Balt. Sun)

Read Full Article

Some health care executives get bigger pay packages

Many Maryland hospital and health system CEOs received pay increases in recent years even as they complained of shrinking profit margins and warned of cutbacks unless they could increase the rates they charge. (Balt. Sun)

Read Full Article

Top court cuts $4M from ex-CareFirst executive’s golden parachute 

A former CareFirst executive lost a $4 million battle on Friday when Maryland’s top court unanimously held that he was entitled to just $2.7 million of the $6.7 million termination package his employment contract had provided. (Daily Record)

Read Full Article

Church leaders: Montgomery officials sabotaged deal to buy college land

Leaders of the Reid Temple African Methodist Episcopal mega-church say they believe Montgomery County officials unfairly pushed them out of a deal to build a new complex in White Oak on land being sold by the National Labor College. (Wash. Post)

Read Full Article

Shareholders wage campaign against Jos. A. Bank Clothiers

Jos. A. Bank Clothiers faces a growing shareholder revolt as demonstrated by an institutional investor's open letter last week calling for the Hampstead-based retailer to return its growing cash reserve to owners of its stock. BeaconLight Capital LLC, a New York-based investment manager that owns more than 1 percent of Jos. A. Bank, also urged the men's apparel chain to reorganize its board, realign management incentives and drop its strategy of pursuing acquisitions with its cash. (Balt. Sun)

Read Full Article

Economist bullish on Maryland industries 

Construction jobs are expected to drive growth in Maryland employment over the next few years, a Towson University economist said, helping an industry that he said was “devastated” by the national economic recession. (Daily Record)

Read Full Article

In 'cyber' Md., a bid for business growth

Zuly Gonzalez and Beau Adkins used to work at the National Security Agency. Now they run a cybersecurity firm in Catonsville, helping companies defend against online threats. They're the embodiment of why Maryland officials call the state the nation's "epicenter" of cybersecurity: big federal installations here that focus on cyber problems, and all the private-sector growth related to it. (Balt. Sun)

Read Full Article