Maryland banks post highest profit in 11 years

Maryland banks last year posted their largest profit in more than a decade, buoyed by an increase in loans and assets.

The state's 50 banks insured by the Federal Deposit Insurance Corp. posted a profit of $342 million in 2017, up less than 1 percent from $340 million a year before. The yearly profit is the highest mark since $646 million for 2006, at the height of the real estate market.

The bank's closed 2017 with total assets of $40.6 billion, up less than 1 percent from $38.5 billion a year…

Previous The 'Bank to the Stars' is here to stay. Here’s its CEO’s plan for Greater Washington.
Next Local bank in growth mode

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *