First Maryland Bancorp

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.

First Maryland Bancorp
IndustryBanking
Founded1806 (1806) as Mechanics Bank of Baltimore
Defunct2003 (2003)
Headquarters
Total assets$18.3 billion (2001)[1]
Number of employees
6,000[1]

The company operated 250 branches and more than 575 automated teller machines in Maryland, Pennsylvania, Washington D.C., Northern Virginia, and Delaware.[1]

History

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]

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References

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