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Article: Angry Shareholders Urge Sale of Baltimore BancorpBank
- Article from:
- The Washington Post
- Article date:
- May 17, 1990
- Author:
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Copyright informationThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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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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