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Eagle in Maryland gains 'flexibility' to raise capital after loss

American Banker

This month, it filed a shelf registration statement for an offering of up to $150 million that could be used to bolster capital or refinance debt. The bank took a big hit on an office property in Washington, D.C., during the first quarter.

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Fraudsters Accused In $364M Ponzi Debt Scheme

PYMNTS

According to Reuters , the men — Kevin Merrill of Maryland, 53, Jay Ledford of Texas and Nevada, 54, and Cameron Jezierski of Texas, 28 — falsely claimed to be investment professionals and used a fake portfolio to defraud hundreds of investors. Attorney for the District of Maryland, Robert Hur, said.

Baltimore 167
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Deliveroo Valued At $7 Billion-Plus Ahead Of Potential IPO

PYMNTS

The new funding, according to the announcement, comes from two existing investors: Durable Capital Partners and Fidelity Management & Research. Durable Capital Partners is based in Chevy Chase, Maryland. British delivery power-house Deliveroo said Sunday (Jan. Fidelity Management & Research is based in Boston.

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FinTech Affirm Raises $500M In Latest Funding Round

PYMNTS

The funding initiative was led by returning investor GIC, a wealth fund established by the Singapore government, and Durable Capital Partners, a Maryland investment company, the release stated. Baillie Gifford, Spark Capital, Founders Fund and Fidelity Management & Research Co.

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ZeroFOX Notches $74M To Tackle Cyberattacks

PYMNTS

Cybersecurity firm ZeroFOX closed a $74 million funding round led by Intel Capital that will be used to advance cyberattack detection and remediation, VentureBeat reported on Thursday (Feb. Existing investors NEA, Highland Capital Partners, Redline Capital Management, Hercules Capital and Core Capital also participated in the funding round.

Baltimore 130
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Eagle in Maryland sets table for turnaround

American Banker

The bank faced credit setbacks in the nation's capital and margin pressure this year. But it made a series of new hires to reduce risk and diversify its loan portfolio, preparing for a new era of demand as the industry awaits interest rate cuts.

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Eagle in Maryland grinds to a profit, but turnaround in early innings

American Banker

The bank cut its dividend, raised capital, hired multiple top executives and vowed to reduce its commercial real estate concentration after a bruising first half of 2024.