First Mariner Bancorp, who just obtained 24.9% of CECB common stocks through the collection process of a defaulted loan, is #187 on that list.
Two very sick banks in need of recapitalization...although FMAR is showing signs of life and recording it's first profittable qtr in 5 years today...stock is up 23% on the news. The question is - will they find more help from outside investors...and soon?
http://bankimplode.com/list/troubledbanks.htm
* I do not own shares of CECB nor FMAR.
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