firstmariner8kmay20-11.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
______________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): May 18, 2011
FIRST MARINER BANCORP
(Exact name of registrant as specified in charter)
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Maryland
(State or other jurisdiction of incorporation)
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000-21815
(Commission File Number)
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52-1834860
(IRS Employer Identification No.)
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1501 S. Clinton Street, Baltimore, MD 21224
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code: (410) 342-2600
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ]Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
On May 18, 2011, First Mariner Bancorp (the “Company”) received a letter (the “Letter”) from the Nasdaq Stock Market (“NASDAQ”) notifying the Company that it does not currently meet the listing requirement to maintain a minimum of $2,500,000 in stockholders’ equity set forth in NASDAQ Listing Rule 5550(b)(1) (the “Listing Rule”).
Pursuant to the Letter, the Company has 45 calendar days, or until July 5, 2011, to submit a plan to regain compliance with the Listing Rule. The Company intends to submit a plan to regain compliance to NASDAQ within the prescribed time frame.
The Letter from NASDAQ has no effect at this time on the listing of the Company’s common stock on the Nasdaq Capital Market, where it trades under the symbol “FMAR.”
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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FIRST MARINER BANCORP |
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Date: May 20, 2011
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By:
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/s/ Mark A. Keidel |
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Mark A. Keidel |
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President and Chief Operating Officer |
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