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Truist names new Maryland market president

Truist Financial Corp. has tapped an insider to be its new market president for Greater Washington and Maryland. Thomas “T.J.” Hughes, most recently Truist’s head of structured credit and wealth credit delivery, took over as president of the region Friday, the Charlotte-based company said Tuesday. He replaces Evelyn Lee, the former Greater Washington and Maryland president who left in August for a leadership role at Bethesda’s EagleBancorp Inc.

Local ghost tours want to exorcise a national brand that’s been haunting them

Baltimore Ghost Tours has received eerie calls and reviews since 2021. “We are trying to find out where this ghost tour is. Nobody’s answering the goddamn phone to let us know after we spent almost $100 for this tour,” one angry caller said. From another: “I haven’t received any information on whether or not I got the tickets, or if the purchase was accepted or anything.”

Amazon to shut down speedy brick-and-mortar delivery service

Amazon is shutting down a service that offers same-day delivery from mall and brick-and-mortar retailers, CNBC has learned. The company has stopped any new development of the service, called Amazon Today, and will begin to wind it down, according to two people with knowledge of the matter. The people asked not to be named because they were not authorized to speak to the press. The bulk of the program will be shut down by Dec. 2, the people said. Select retail partners will be able to continue fulfilling orders with Amazon Today through Jan. 24, 2025, Amazon told CNBC.

Read More: CNBC
Virginia bank to acquire Olney-based Sandy Spring Bank for $1.6 billion

A Virginia banking company plans to acquire Maryland-based Sandy Spring Bancorp in a deal valued at about $1.6 billion, creating one of the mid-Atlantic region’s largest banks and cementing the merged bank’s presence in Maryland and Northern Virginia. Atlantic Union Bankshares Corp., based in Richmond, said it entered an all-stock merger agreement with Olney-based Sandy Spring, the eighth-largest bank in the Baltimore region and the seventh largest in the state, based on deposits.

Read More: Baltimore Sun
This was captured well waiting for the doctor who was busy at the time
$540M hospital project breaks ground

The University of Maryland Medical System broke ground on a new $540 million hospital on the Eastern Shore Monday after years of work and development. At a time when many hospitals in rural areas are closing down due to financial struggles, UMMS is going in the opposite direction with the creation of the University of Maryland Shore Regional Medical Center in Easton. The new hospital replaces an outdated facility nearby and is the result of a long development process, said Kenneth Kozel, CEO and president at UM Shore Regional Health.

MD-based Sandy Spring Bancorp to be acquired by Atlantic Union Bankshares for $1.6B

Atlantic Union Bankshares Corporation and Olney-based Sandy Spring Bancorp Monday announced they have entered into a definitive merger agreement for Atlantic Union to acquire Sandy Spring in an all-stock transaction valued at approximately $1.6 billion. Combining the two organizations will create the largest regional bank headquartered in the lower mid-Atlantic, officials said, and significantly enhance the combined company’s presence in northern Virginia and Maryland.

Baltimore to host governor’s small business summit

The Governor’s Minority & Small Business Outreach Summit is heading to Baltimore Nov. 19 at the Hilton Baltimore Inner Harbor. The event is expected to attract more than 800 local, small, minority-owned, women-owned and veteran-owned businesses and dozens of prime contractors. Attendees will discover how to tap into more than $7 billion in state contracting opportunities and benefit from a powerful lineup of workshops, networking sessions and insider tips designed to help their businesses break into the lucrative world of government contracts.

orange and red bellpepper lot
Produce distributor to close, lay off hundreds

A longtime Howard County produce distributor will close in December as its parent company looks to consolidate operations. Lancaster Foods LLC in Jessup will close on Dec. 14, a move that could affect up to 424 employees, according to a filing with the Maryland Work Adjustment and Retraining Notification log this week. The distributor is a subsidiary of Houston-based Sysco Corp. (NYSE: SYY), which said it plans to consolidate the facility with another FreshPoint Coastal Co. facility it owns.

Tenants ask court if unlicensed landlords, property manager are committing fraud

A group of West Baltimore tenants seeking to hold their landlords and property manager accountable for failing to have a rental license will be able to take their case to trial next year after a judge sided with their unique legal argument. In an August ruling, Baltimore City Circuit Judge Kendra Y. Ausby allowed the case to proceed on four of five counts. One of them is a fraud and deceit claim — a somewhat rare allegation in landlord-tenant disputes due to the high bar required to prove it, legal experts who specialize in the practice area said.

Oil prices steady after losing over 7% last week

Oil prices were broadly steady on Monday, following a more than 7% drop last week on worries about demand in China, the world’s top oil importer, and an easing of concerns about potential supply disruptions in the Middle East. Brent crude futures were up 38 cents, or 0.5%, to $73.44 a barrel at 0747 GMT. U.S. West Texas Intermediate crude futures were up 44 cents, or 0.6% to $69.66 a barrel.

Read More: Reuters

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