Article: Angry Shareholders Urge Sale of Baltimore BancorpBank

What Baltimore Bancorp officials predicted would be a routine annual meeting yesterday turned into a donnybrook, with hundreds of angry shareholders packed into a conference room jeering the bank's management and demanding that directors negotiate the sale of the bank to a competitor.

The crowd, which overflowed into the halls of the Omni Hotel, repeatedly booed bank Chairman Harry L. Robinson's statements that the bank, the fourth-largest in Maryland, was not for sale. However, the storm of criticism did not dissuade the bank's directors from voting later to reject a $270 million takeover offer by First Maryland Bancorp, parent company of the First National Bank of Maryland.

Robinson, ...

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