Baltimore Business Journal articles from July 2001

Baltimore Business Journal archives from July 2001

Failed courtship.(between Piper Marbury Rudnick & Wolfe LLP and McCutchen, Doyle, Brown & Enersen LLP)(Brief Article)
July 13, 2001... What happened to Piper's grand plan? It was supposed to be the deal that transformed Baltimore's Piper Marbury Rudnick & Wolfe LLP into one of the most powerful law firms in the country. Since April, Baltimore's largest and most...

Board votes to sell Fila.(Holding di Partecipazioni S.p.A. to sell Fila)(Brief Article)
July 13, 2001... Sparks sportswear maker cutting costs Fila has terminated its $8.4 million sponsorship of the Masters Series tennis tour with nearly 18 months left on the deal, a cost-cuffing move that a company spokesman said will preprae the Italian...

Webvan site an Arundel question mark.(Webvan warehouse for sale in Anne Arundel County, Maryland)(Brief Article)
July 13, 2001... The long-expected demise of Internet grocer Webvan Group Inc. has left a huge, valuable piece of Anne Arundel County real estate in limbo. A 300,000-square-foot industrial warehouse -- heavily modified for Webvan's purposes but never...

CompuDyne to merge with Tiburon.(Brief Article)
July 13, 2001... Hanover-based CompuDyne Corp., a developer of technology for the security industry, is moving forward with its proposed merger with Tiburon Inc., a developer of software for the public safety and justice markets. The merger, which was announced...

Accounting, real estate firms merge.(Reznick Fedder & Silverman gains affiliate Corridor RF&S Real Estate)(Brief Article)
July 13, 2001... Reznick Fedder & Silverman and Corridor Commercial Real Estate Group Inc. have formed a partnership in which Corridor will become Corridor RF&S Real Estate, an affiliate of the Bethesda-based accounting firm. Corridor's employees will move to...

RewardsPlus cuts 27 jobs.(Brief Article)
July 13, 2001... Hunt Valley-based RewardsPlus, a company once considered one of the region's fastest-growing tech firms, fired 27 workers June 10 in a move to streamline operations, company officials confirmed. Tom Keller, executive vice president and chief...

Novavax switches to Nasdaq.(Brief Article)
July 13, 2001... Columbia-based biopharmaceutical company Novavax Inc. began trading on the Nasdaq National Market under the ticker symbol NVAX. Novavax discontinued its trading on the American Stock Exchange under its previous ticker symbol NOX. Novavax stock...

Baltimore company recalls wallets.(Raymond Geddes and Co.)(Brief Article)
July 13, 2001... A Baltimore company is recalling about 55,000 children's Velcro wallets because an internal zipper contains lead. Raymond Geddes and Co. is recalling the product as a precaution to prevent lead poisoning, the Consumer Product Safety Commission...

Harbor-tram idea wins competition.(for local transit design)(Brief Article)
July 13, 2001... A concept for Harbor-tram, a new downtown people-mover proposed for the city of Baltimore, was awarded first prize in a year-long national transit design competition sponsored by the U.S. Department of Transportation, the Federal Transit...

Busy July for CareFirst?(CareFirst Blue Cross Blue Shield plans forprofit conversion)(Brief Article)
July 13, 2001... Health insurance industry insiders expect CareFirst BlueCross BlueShield to follow through with forprofit conversion plans this month. Douglas Sherlock, a health care analyst who tracks Blues plans for Philadelphiabased Sherlock Co., said...

Sinclair sues Fla. Company.(Sinclair Broadcast Group Inc.)(Brief Article)
July 13, 2001... Sinclair Broadcast Group Inc. is suing a West Palm Beach, Phi., television broadcaster that it says hasn't paid for using a set of ready-made commercials. According to the lawsuit, Paxson Communications Corp. agreed in May 1998 to pay...

What we really want.(top 10 Web sites)(Brief Article)
July 13, 2001... Computers, cars and more money are what men look for online while women prefer cosmetics, online shopping, advertising and personal fitness. These are some of the gender stereotypes that were reinforced in a recent study of Web site traffic....

Gainers & Losers.(Brief Article)
July 13, 2001... Think your office space is bad? Pity the poor workers who must deal with dead pigeons in the city Court House. * Stock analysts The party is truly over. Merrill Lynch forbids analysts from owning stock in companies they cover. * Tee...

Wireless hanging up pay phone industry.(pay telephone industry is in decline)(Brief Article)(Statistical Data Included)
July 13, 2001... The wireless revolution has its first casualty -- public pay phones. "We're dying," said Mason Harris, president of Silver Spring-based Robin Technologies, which owns and operates more than 1,000 public pay phones in Washington, D.C., and...

Old KFC site to become a Best Western hotel.(Brief Article)
July 13, 2001... A Virginia developer plans to spend about $2 million to turn an abandoned fast-food restaurant on Pulaski Highway near the Baltimore City-Baltimore County line into a 54-room hotel. Spellman, Larson & Associates Inc., a local civil...

Costly Maryland.(10th most expensive state for tourists)(Brief Article)
July 13, 2001... The state of Maryland is the 10th most expensive state to visit in the country, according to AAA Mid-Atlantic. The group (www.aaamidatlantic.com) ranked the states by the average cost of meals and lodging, for a family of four -- two adults...

Marriott, the magazine.(for business travelers)(Brief Article)
July 13, 2001... Bethesda-based Marriott International Inc. (www.marriott.com) is launching a new magazine for business travelers. Marriott Insights is slated to begin publishing monthly this fall, and is viewed as a way to generate an additional revenue...

The International Fiber Optics.(conference in Baltimore, Maryland)(Brief Article)(Statistical Data Included)
July 13, 2001... * The International Fiber Optics Conference, held this week at the Baltimore Convention Center, is good news to more than local techies and telecom executives. The convention means $16.3 million in revenues and taxes to the city, according...

Travel Industry Association of America.(says travelers are taking shorter trips)(Brief Article)(Statistical Data Included)
July 13, 2001... * A study by the Travel Industry Association of America (www.tia.org) claims more travelers are taking short weekend or day trips, instead of expensive, week-long vacations. About 40 percent of those surveyed by the hospitality industry...

Stronger N. Arundel plots major growth.(North Arundel Hospital)(Brief Article)
July 13, 2001... What a difference a year has made for North Arundel Hospital. A little more than 12 months since the Glen Burnie hospital became part of the University of Maryland Medical System, the community hospital has grand expansion plans and more...

Long-term plans.(hospital opens continuing care facility)(Brief Article)
July 13, 2001... Mercy Medical Center is bucking one trend, while following another. As most area community hospitals either have gotten or are considering getting out of many nonacute programs because of rising health care costs, the downtown Baltimore...

North Arundel Hospital.(installs diagnostic equipment)(Brief Article)
July 13, 2001... * North Arundel Hospital has installed an interactive system that allows several doctors to view X-ray images simultaneously from personal computers or Web servers. The system is considered to be one of the first for a community hospital in the...

Leibowits: Market killed plans for tower.(Finance problems stops planned construction in Baltimore.)(Brief Article)
July 13, 2001... An out-of-state developer has scrapped preliminary plans to build an office tower above the Inner Harbor Center at 400 E. Pratt St. Peter D. Leibowits, president of Peter D. Leibowits Co., said the uncertain economy has crushed his notions...

Amtrak project on track.(hotel at Penn Station)(Brief Article)
July 13, 2001... Amtrak is chugging along with plans to put a 72-room hotel inside Baltimore's Penn Station, although the softening economy is derailing other local real estate projects. "It's still a go," said Les Town, project director for Amtrak...

Kenilworth turnaround.(Shops of Kenilworth, Towne Properties)(Brief Article)
July 13, 2001... The owners of the Shops of Kenilworth in Baltimore County are no longer talking to potential buyers. Despite the slumping economy, the owners -- three principals for Towne Properties of Cincinnati -- are beginning to think they have a gem....

Destination Essex.
July 13, 2001... Baltimore County has begun to study how to best create a waterfront destination at the headwaters of the Middle River in Essex. The $100,000 study will be undertaken by Whitman Requardt and Associates LLP (www.wrallp.com), a Baltimore...

Earnings expected to decrease for area banks.(Mercantile Bankshares Corp.)(Brief Article)(Statistical Data Included)
July 13, 2001... Mercantile Bank shares Corp. and other local banks are expected to release earnings next week, and it doesn't look pretty thanks to rate reductions by the Federal Reserve. Mercantile is expecting second quarter earnings to be lower than...

Loan woes continue.(Maryland Permanent Bank and Trust Co. wins judgement against Commerce Printing Company Inc.)(Brief Article)
July 13, 2001... Maryland Permanent Bank and Trust Co. www.marylandpermanent.com) is haying trouble with bad loans again. The Owings Mills-based bank won a judgement in Baltimore County Circuit Court for nearly $300,000 on June 25 against Commerce Printing Co....

Oklahoma firm acquired.(Baltimore Life Co. acquires Century Management Co.)(Brief Article)
July 13, 2001... The Baltimore life Cos. (www.baltlife.com), an Owings Mills insurance company, acquired Century Management Co., a third-party administrator based in Oklahoma City. The deal is the first for Baltimore Life since becoming a mutual insurance...

UBS PaineWebber.(two more brokers leave)(Brief Article)
July 13, 2001... * Two more brokers have left the Hunt Valley office of UBS PaineWebber (www.ubspainewebber.com). James Lillie and Gregory Haake, both formerly with UBS PaineWebber, recently crossed the street to join the Hunt Valley office of Morgan Stanley....

First Madner Bank.(to open new branch in Woodlawn)(Brief Article)
July 13, 2001... * First Madner Bank (www.1stmarinerbank.com) is continuing its expansion and is opening a new branch in Woodlawn next week. The new branch -- the 25th for the Baltimore-based bank -- will be located at 7007 Security Boulevard. First Mariner is...

BB&T Corp.(buys Community First Banking Co. of Carrollton, Georgia)(Brief Article)
July 13, 2001... * It didn't take long for BB&T Corp. (www.bbandt.com) to strike again. Winston-Salem-based BB&T said July 10 that it is buying Community First Banking Co. of Carrollton, Ga., for $128 million in stock. The move allows BB&T to jump from seventh...

Tracking service with tech.(InfoVista, service level management software)(Brief Article)
July 13, 2001... A French company with North American headquarters in Columbia is changing the way businesses use technology to serve customers. InfoVista (www.infovista.com), which develops software that allows companies and organizations to monitor...

eMaryland on top.(one of top 50 information technology Web sites in country)(Brief Article)
July 13, 2001... The state's eMaryland Marketplace, on online procurement portal, was named one of the top 50 information technology Web sites in the nation by civic.com magazine. The project was designed as an electronic link between state and local...

Uncertain fiber-optic future.
July 13, 2001... Regional players hold ground as telecom industry weakens As thousands of fiber-optic engineers took over the Baltimore Convention Center this week, a hesitant rumble of concern weaved its way through the game-show-like displays. A...

* Stock Snapshot: Corvis Corp.(stock plummets)(Brief Article)(Statistical Data Included)
July 13, 2001... NASDAQ:CORV Columbia-based Corvis Corp., the once high-riding fiber-optics firm, hasn't had too much fun on Wall Street. The company's stock plummeted from a 52-week high of $114.75 a share on Aug. 7, 2000, to a 52-week low of $3 a...

BBJ Tech 25: A glance at Greater Baltimore's leading public technology companies.(Brief Article)(Illustration)(Statistical Data Included)
July 13, 2001... * BBJ Tech 25: A glance at Greater Baltimore's leading public technology companies This Last Week's Week's Net Percent Company Name ...

Venture Corner.(business funding deals in Mid-Atlantic region)(Brief Article)
July 13, 2001... A weekly look at business funding deals in the Mid-Atlantic region. * Ikimbo Inc. of Herndon, Va., closed $9.5 million in third-round funding from lead investor William Blair New World Ventures Round with participation by Cross Atlantic,...

Business without boundaries.(Immigration law industry in Baltimore.)(Brief Article)
July 13, 2001... Immigration law industry is booming, area attorneys say No longer just a cottage industry, immigration law has become a thriving part of Baltimore's legal community. It's no wonder. Maryland was one of the most popular destinations...

Layoffs leave future uncertain for H-1B workers.(Brief Article)
July 13, 2001... He's got a doctorate in physics and has lived in the United States for 11 years as a student and technology worker. He's a Chinese national who had dreams of making it big in America's new economy. But he's been laid off twice in the...

Taking Stock.(BBJ Index of 90 stocks, July 11, 2001)(Brief Article)(Illustration)(Statistical Data Included)
July 13, 2001... The BBJ Index * of 90 stocks closed at 1203.90 on July 11, 2001. * Weekly Gainers & Losers Price Corporation 7/11/01 % Change 1. Annapolis National Bancorp...

Proxy Corner: A Weekly Analysis of Baltimore-Area Public Companies.(details on Mid-Atlantic Realty Trust)(Brief Article)
July 13, 2001... Mid-Atlantic Realty Trust 170 W. Ridgely Road, Suite 300 / Lutherville, MD 21093 / (410) 684-2000 / www.martreit.com Corporate profile Mid-Atlantic Realty Trust, a Lutherville-based real estate investment trust, continues to fare...

People.(employee changes, various companies)(Brief Article)
July 13, 2001... The People section publicizes management-level hirings and promotions of area businesspeople. We also publicize elections to nonprofit and charitable organizations. We do not run professional certifications or designations. Send announcements...

Largest privately held firms in the Baltimore area.(ranked by 2000 revenue)(Directory)(Illustration)(Statistical Data Included)
July 13, 2001... Largest privately held firms in the Baltimore area 1 (Ranked by revenues for fiscal year 2000) Rank/ Name last Address 2000/1999 year Phone / Fax / Internet revenues 1 ...

Fastest growing private firms in the Baltimore area.(ranked by 1999-2000 revenue growth)(Directory)(Illustration)(Statistical Data Included)
July 13, 2001... Fastest growing private firms in the Baltimore area 1 (Ranked by revenue growth from 1999-2000) Rank/ Name Percent change last Address in revenues year Phone / Fax...

Taxes, labor and sales concern small businesses.(Brief Article)(Statistical Data Included)
July 13, 2001... G. Scott Thomas Energy did not show up as one of the top problems facing small businesses in the monthly economic survey conducted by the National Federation of Independent Business (www.nfib .com). Taxes remained No. 1, availability...

Area is hotspot for small and micro businesses.(Brief Article)(Statistical Data Included)
July 13, 2001... G. Scott Thomas Small businesses and microbusinesses account for most of the nation's businesses. And it turns out, the Baltimore-Washington area is a hotspot for both. The Census Bureau (www.census.gov) counted slightly more than 7...

Congress grapples with Internet sales taxation.(Brief Article)
July 13, 2001... G. Scott Thomas The Internet tax moratorium expires Oct. 21, leaving Congress only three months to grapple with the related question of whether states should be allowed to require e-commerce sites to collect sales taxes on purchases made...

Getting dressed for success.(Brief Article)
July 13, 2001... Russian dressmaker builds business one stitch at a time Want to grow revenues? Charge more money. As simple as it sounds, this strategy has proven a winner for Ella Pritsker, a custom dressmaker and founder of the three-person Timonium...

Shop Talk: What's your secret to hiring good people?(Brief Article)
July 13, 2001... Levitt, Eileen President, The HR Team / Columbia "As an HR professional, I know it is critical to articulate the specifics of the job and the culture of the organization -- recognizing that you are really marketing to your candidates,...

Don't sanitize the truth.(talk straight with employees)(Brief Article)
July 13, 2001... When did we start twirling the truth instead of telling it? "Authentic communication" seems like an oxymoron these days. CEOs want to keep employees calm and content; so they only share the good news. The corporate communications folks...

Fixing a broken system.(Mayor of Baltimore City to reform city employee regulations.)(Brief Article)
July 13, 2001... Mayor Martin O'Malley was elected to lead Baltimore City because of his powerful message of government reform. But he will be a successful chief executive only if he has the courage to fundamentally change how the city deals with its...

Letters to the Editor.
July 13, 2001... Story headline failed to show the success of local company Editor: While it's a pleasure to read of our accomplishments in your recent issue [Vol. 19, June 29-July 5, Page 23] I couldn't help but be dismayed at the headline: "Heading...

NIH taps city for bio center.(National Institute of Health, Johns Hopkins University to build bioscience park in Baltimore, Maryland)(Brief Article)(Statistical Data Included)
July 20, 2001... New $150 million research park at Hopkins Bayview may employ 1,000 Johns Hopkins University plans to build a $150 million bioscience park in East Baltimore to house two branches of the National Institutes of Health and create new research...

Split personality.(Constellation Energy Group Inc. to split into a holding company, BGE Corp. and n energy merchant firm, Constellation Energy Group Inc.)(Brief Article)(Statistical Data Included)
July 20, 2001... Constellation readies for big breakup The electrician who fixes power lines atop a 250-foot transmitting tower and the trader who buys and sells electricity at all hours of the day have little in common. Yet both employees of...

BB&T rebuffed by Ferris.(Ferris, Baker Watts Inc. rejects acquisition offer from BB&T Corp.)(Brief Article)(Statistical Data Included)
July 20, 2001... Baltimore brokerage Ferris, Baker Watts Inc. recently rebuffed an offer to be acquired by North Carolina banking giant BB&T Corp., the company's top executives said this week. Ferris, Baker has long been rumored to be on the trading block...

MBE firms demand city watchdog.(minority building contractors demand city's help)(Brief Article)
July 20, 2001... African-American contractors want Baltimore City to back up its minority contracting goals by appointing a watchdog with the power to quash disputes between them and white prime contractors working on city-financed projects. The...

Loan losses rock Provident.(Provident Bankshares Corp.)(Brief Article)(Statistical Data Included)
July 20, 2001... Provident Bankshares Corp. announced July 16 that it uncovered $7 million in bad loans in its $1.6 billion second mortgage loan portfolio. The discovery will delay Provident's second quarter earnings announcement, which was expected to take...

Black & Decker earnings cut in half.(Black & Decker Corp.)(Brief Article)(Statistical Data Included)
July 20, 2001... Second quarter earnings for Black & Decker Corp. have been cut nearly in half compared to the same quarter last year -- a reflection of a 5 percent decrease in sales. For the quarter ended June 30, sales were $1.07 billion, down from $1.13...

Krispy Kreme buys back franchises.
July 20, 2001... North Carolina-based Krispy Kreme Doughnuts Inc. is buying back its franchise rights to the Baltimore market. The deal includes the assets from the four existing Baltimore-area Krispy Kreme stores, now operated by Gary Edwards and Harry Pappas....

Earnings rise at First Mariner Bank.(First Mariner Bancorp)(Brief Article)(Statistical Data Included)
July 20, 2001... First Mariner Bancorp announced second quarter earnings of 14 cents per share, a 130 percent increase over last year's second quarter earnings of 6 cents per share. Net income was $501,000, compared to $189,000 during the second quarter of...

Legg Mason acquiring Royce Funds.
July 20, 2001... Legg Mason Inc. announced it is buying Royce & Associates Inc. for up to $215 million. Royce, which is based in New York City and has $5.3 billion under management, runs the well-respected Royce fund family, a group of open-end and closed-end...

Correction.(Strategix's location in Baltimore)
July 20, 2001... The List of Largest Advertising Agencies in the Baltimore Area, [Vol. 19, June 29-July 5, Page 14], contained incorrect contact information for Strategix Inc. The company is located at 250 S. President St., Suite 3000, Baltimore 21202. Its...

Logo man suing again.(Baltimore Ravens logo copyright suit)
July 20, 2001... If it is true that everyone cheers for an underdog, then Frederick Bouchat may be your man. For the fourth time in five years, Bouchat, a Baltimore security guard, has filed a lawsuit aiming to protect his claim to the original Baltimore...

Turnover at Towson.(Towson University lawsuit)(Brief Article)
July 20, 2001... New documents filed in Baltimore County Circuit Court show an eye-opening amount of turnover at Towson University's Regional Economic Studies Institute while economist Michael Conte was director. Conte, who was fired by the university in...

GOP newcomer.
July 20, 2001... It's that special time of year when the Eastern Shore actually becomes a political hot spot. The 24th annual J. Millard Tawes Crab and Clam Bake in Crisfield weathered rainy skies -- and protests by watermen -- but still managed to pull in all...

Gainers & Losers.
July 20, 2001... We had the fire and the flood. Locusts anyone? * CSX It was shaping up as a quiet summer -- until a train caught fire and forced downtown to close. No word as of press time on how much businesses will suffer from the shutdown. *...

Judge awards $2.4M in nension fund suit.(Brief Article)
July 20, 2001... Three former union employees were awarded more than $2.4 million by a federal judge in Baltimore this month in a pension fund case. U.S. District Court Judge Andre M. Davis awarded Howard E. Johannssen Marvin E. Long and Donna C. Fisher --...

Up for sale, Fila shops Arundel warehouse.(Brief Article)
July 20, 2001... Fila, the Italian sportswear manufacturer that's on the selling block, is first trying to unload its distribution center in the Pasadena section of Anne Arundel County. The company, whose American headquarters is based in Sparks, has...

Expanding in Hampden.(Manchester Technologies expansion in Baltimore City)(Brief Article)
July 20, 2001... Manchester Technologies Inc., a New York-based public company that sells and integrates computer and networking products, is expanding its presence in the Hampden section of Baltimore City. The company (www.e-manchester.com) is taking over...

Maryland may build soundstage to lure films.(Brief Article)
July 20, 2001... Maryland's economic development agency and leaders in the state's film industry are studying the merits of building a huge new soundstage facility somewhere in the state. If built, the project could house multiple film or commercial...

Sinclair hires Millennium.(Brief Article)
July 20, 2001... In a move it says would help combat a struggling advertising sales climate, Sinclair Broadcast Group Inc. recently hired Millennium Sales & Marketing, a division of media sales brokerage Katz Media Group, to handle all of its national sales...

Eisner Communications Inc.(Eisner Communications loses associate creative director Jim Nealey)(Brief Article)
July 20, 2001... Eisner Communications Inc. of Baltimore recently lost its associate creative director. Jim Nealey, who oversaw campaign work and conceptualization for many of the agency's clients, left the agency to start his own company, said Abe Novick, a...

Marriner Marketing Communications.(Marriner Marketing forms partnership with ul.net)(Brief Article)
July 20, 2001... Marriner Marketing Communications of Columbia formed a strategic partnership with ul.net, a Marlton, N. J. Web design firm. Under the agreement, ul.net will provide Marriner's clients with its systems and network infrastructure, application...

Once booming laser vision industry slowing.(Brief Article)
July 20, 2001... More proof that the laser vision correction business is slowing down hit news wires earlier this month. TLC Laser Eye Centers Inc., a Canada-based laser eye surgery company that operates three centers in Maryland, announced that its...

Nurse assistance.(Maryland expends money to reduce nursing shortage)(Brief Article)
July 20, 2001... The state has thrown more money at alleviating, the nursing shortage. The state's Health Services Cost Review Commission has allocated $2 million to 19 hospitals as part of its nursing support program, the state agency announced at its...

Helping hands.(Bioscience companies using temporary employees)(Brief Article)
July 20, 2001... Bioscience companies may have found a proven way to complete work at a low cost. They are going the way of temporary employees. About seven out of 10 science-related companies are using temporary scientific professionals, according to...

Former Carrollton CEO now heads Bradford.(Brief Article)
July 20, 2001... Dallas R. Arthur has a new life as the president of Bradford Federal Savings Bank. Arthur retired as chief executive officer and president of $384 million-asset Carrollton Bank (www. Carrolltonbank.com) last fall after a career that spanned 36...

New mortgage unit.(Bay National Mortgage)(Brief Article)
July 20, 2001... While some banks have gotten out of the mortgage business, Bay National Bank (www.baynational.com) of Lutherville, is happy to be a newcomer to the industry. In January, Bay National hired Robert W. Freeman, the former chief mortgage...

Looking to joint venture.(Carret and Co.)(Brief Article)
July 20, 2001... Carret and Co. LLC (www.carret.com) of New York, a money management holding company, is hoping to expand in the Baltimore market. The firm's Baltimore-based managing director, David Citron, said he is currently trying to negotiate a joint...

The Ark Funds.(launches Ark Pennsylvania Tax-Free Money Market Portfolio)(Brief Article)
July 20, 2001... The Ark Funds (www.arkfunds.com), a subsidiary of Allfirst Financial Inc., introduced the Ark Pennsylvania Tax-Free Money Market Portfolio, a money market fund that is exempt from Pennsylvania state and federal income taxes. The fund is...

Silver Spring.(Terrance McGary charged with theft)(Brief Article)
July 20, 2001... A Denver man formerly from Silver Spring was charged July 16 in Montgomery County Circuit Court with felony theft from an alleged fraudulent investment scheme. The man, Terrance McGary, allegedly stole $85,900 from four people who thought...

Bank of America Corp.(and AOL Time Warner in advertising deal)(Brief Article)
July 20, 2001... Bank of America Corp. and AOL Time Warner agreed to a multiyear advertising deal that will market the Bank of America name through the AOL Time Warner media empire and AOL Time Warner through Bank of America's ATMs, banking centers and client...

Sandy Spring Bancorp Inc.(Brief Article)(Statistical Data Included)
July 20, 2001... Sandy Spring Bancorp Inc., the parent company of Sandy Spring National Bank of Maryland, announced profits of $5.8 million for the second quarter -- a 40 percent increase over the same period last year. Profits for the sixth months ending...