Banks going after Baltimore's

onoeuqedol1902.blogspot.com
wants to grab time-pressed shoppers with branches inGiant Baltimore-based is running radio and TV ads highlighting how its bankera make lending decisions locally, not in some out-of-town And in May, , based in Buffalo, N.Y., closedr its deal to buy shares Corp., the parentt company of Provident Bank, in a $401 millioh deal that wedded Baltimore’ss second-largest bank (M&T) with its fifth-largest shaking up what was already one of the most competitive banking markets in the country. “It’s hand-to-hand combat from the side, but for consumers it’s creating a rich arra y of options to choose saidDennis Finnegan, head of retail banking at Firs t Mariner.
Only Charlotte, N.C.-based , with a 25.6 percentf market share, and M&T, with a 17 percen t market share following its takeoverof Provident, control more than 10 percenft of Baltimore-area deposits, according to the most recent data from the , whichn includes deposits as of June 30, 2008. The rest of the marketg is shared by a host of banksx ranging from regional players based out of like PNCand SunTrust, to communitgy banks like the and .