Tag: investments

Ed Hale Denies He Was Forced Out of First Mariner

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Edwin F. Hale Sr

Courtesy Citybizlist – Ed Hale is happy and rich, and oh, by the way, he was never forced out of 1st Mariner Bank by a group of New York investors.

Those are the messages the 66-year-old trucking magnate-turned-banker told The Baltimore Sun in an interview published Oct. 24.

“I have a lot of pride in what I did,” Hale said. “There was no way I was going to have some New York private equity firm force me out.”

Hale said he resigned as chairman and CEO of the bank he founded and built into the largest independent bank in Baltimore “as part of a tax-planning strategy after recognizing a big gain on the sale of property.”

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