Archive for July, 2011

The Chris O-pinion: The problem is that there is not enough time to read engaging material other than Arundel Business News. The solution is Biz Book Briefs, the brainchild of Bob Shannon of First & Main Business Advisors. Bob has teamed up with Jeff Cochran of Exclamation Communications! to provide summaries of various business books and lead discussions of them. They read and distill the highlights, and you sound brilliant in no time. Come to the first gathering August 12th where the book discussed will be Leadership Lessons of the U.S. Navy Seals.

ELLICOTT CITY – Howard Bancorp/Howard Bank has received preliminary approval to receive an investment of up to $12.5 million in the company’s preferred stock from the United States Department of the Treasury under the Small Business Lending Fund. The bank also reported its performance results showing net income of $694,000 for the first six months of the year. This represents an increase of 31% compared to the figures from a year ago.

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ANNAPOLIS – CommerceFirst Bancorp/CommerceFirst Bank earned a net profit of $901,000 for the six months ended June 30, a decline from the $916,000 a year ago. The company says an increase in net interest margin was largely offset by an increase in the provision for loan losses, write-downs of other real estate owned and increased loan collection expenses.

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EASTON – Shore Bancshares reported a net loss of $233,000 for Q2, an improvement over the $1.1 million net loss a year ago; net loss for the six months was $1.3 million.

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EASTON – The historic Tidewater Inn has completed a two year, $4 million restoration. Coastal South, owner of the 97-room property, plans to make it a destination for corporate functions and weddings. You’ll have to visit to learn the closely guarded secret of where Elvis slept.

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ANNAPOLIS – Encore Construction performed the general contractor services for Zoës Kitchen at Annapolis Towne Centre. This is the fourth Mid-Atlantic project Encore has done for the fast causal Greek-influenced restaurant concept.

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COLUMBIA – Oncology drug maker Celsion Corporation expects to relocate its operations and corporate headquarters to Lawrenceville, New Jersey.

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COLUMBIA – Circonus now offers host-based pricing for its cloud-ready SaaS performance monitoring solution. The new pricing structure allows for easier expenditure planning with choose-and-use service tiers.

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HANOVER – AT&T has expanded its mobile broadband coverage at Arundel Mills by completing the installation of a new Distributed Antenna System to serve customers throughout the facility.

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ANNAPOLIS – kloudtrack confirmed that President/CEO Michael Binko was elected to the Board of Directors for the Software Division of the Software and Information Industry Association. The company provides SaaS services for governance, risk and compliance.

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