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April 2012 Archives

Exelon violates merger terms, ordered to explain

In a previous post, we discussed the approval of the merger involving Exelon and Constellation Energy Group. However, it appears that the Maryland Public Service Commission has ordered Exelon to explain how the energy company violated several conditions of its planned merger with the Maryland-based company.

Bankers protest credit union merger

Members of the Maryland Bankers Association are concerned about the rapid, unchecked growth of the state's largest credit unions. The group proposed that large credit unions adopt a business model based on the case of the $187 million HAR-CO Maryland Federal Credit Union of Bel Air. That credit union recently approved a suggested conversion to a bank charter. This was the first such switch in Maryland since 1998, but the bankers hope to make such moves commonplace.

Maryland mortgage broker to merge

An out-of-state company known as Bellwether Real Estate Capital LLC has announced plans to merge with a unit of the Columbia, Maryland based Enterprise Community Investment, Inc., forming a combined company called Bellwether Enterprise Real Estate Capital LLC. It is estimated that the two companies could produce over $1.5 billion worth of mortgages during the coming year.

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