First Mariner gets exclusivity extension to settle liquidation plan

By Kali Hays

New York, July 30 – First Mariner Bancorp received court approval for a 30-day extension of its exclusive plan of liquidation filing and solicitation periods, according to a July 29 order from the U.S. Bankruptcy Court for the District of Maryland.

The filing period is extended through Sept. 3 from Aug. 1 and the solicitation period through Oct. 30 from Sept. 30.

As previously reported,, First Mariner said it completed the sale of substantially all of its assets and is engaged in negotiations with its official committee of unsecured creditors on the wind-down of the bankruptcy case and a consensual liquidation plan, but needs additional time to finalize the plan and related disclosure statement, according to the motion.

First Mariner, the Baltimore-based holding company for 1st Mariner Bank, filed for bankruptcy on Feb. 10. The Chapter 11 case number is 14-11952.

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