Maryland banks posted a 21 percent profit increase in the second quarter as lending and deposits both were on the rise. Banks headquartered in Maryland posted combined profits of $172 million, up from $142 million in the same quarter last year, according to the Federal Deposit Insurance Corp. Lending and leases grew 10 percent to $28.5 billion, up from $25.8 billion last year. Deposits increased by more than 5 percent to $30 billion. While profits rose, the number of banks in Maryland continued…
from http://www.bizjournals.com/baltimore/news/2016/09/01/maryland-banks-increase-profits-by-21-in-second.html?ana=RSS%26s=article_search
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