First Maryland Bancorp
| Industry | Banking |
|---|---|
| Founded | 1806 as Mechanics Bank of Baltimore |
| Defunct | 2003 |
| Total assets | $18.3 billion (2001)[1] |
Number of employees | 6,000[1] |
First Maryland Bancorp was a bank holding company that operated the First National Bank of Maryland. The company changed its name to Allfirst Financial in 1999 and was acquired by M&T Bank in 2003.
The company operated 250 branches and more than 575 automated teller machines in Maryland, Pennsylvania, Washington D.C., Northern Virginia, and Delaware.[1]
History
[edit | edit source]The bank was founded in 1806 as Mechanics Bank of Baltimore.[1]
In 1864, it established First National Bank of Maryland.[1]
In 1983, Allied Irish Banks made an investment in the company.[1]
In 1988, Allied Irish Banks acquired the portion of the company that it did not already own.[2][1]
In 1997, the company acquired Dauphin Deposit Corporation for $1.36 billion.[3][4]
In 1999, the company changed its name to Allfirst Financial.[5]
In 2003, M&T Bank acquired the company.[6]
References
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