9%, primarily due to strong organic growth and the benefit from a full quarter of BCSB
Bancorp and FNB Corporation is the parent company of Baltimore County Savings Bank and First National Bank, respectively.
A spokesman for the BCSB
says: "If we find out a bank has breached the code and the bank loses its appeal against this decision then they will be named and shamed by the board and must correct any breaches.
Seymour Fortescue, chief executive of the BCSB
, said: "We are glad to have reached a conclusion that we believe to be beneficial for consumers and workable for the industry.
On February 15, 2014, FNB completed the merger with BCSB
Bonus 90 was examined as part of an extensive review by the BCSB
of the handling of superseded accounts, based on a survey of the 50 largest banks and building societies in autumn 2000.
boss Seymour Fortescue said standards in many areas were "unacceptably low.
has since confirmed that they had misunderstood the policy.
Bancorp, the proposed new holding company for the Bank, is in the process of raising additional capital through a second step conversion of the Company from its current mutual holding company structure to a 100% publicly owned company.
Corporation, parent company of First National Bank, today announced that on February 15, 2014, it completed its merger with BCSB
Bancorp Inc (NASDAQ: BCSB
), the holding company for Baltimore County Savings Bank, has reported a net income of USD202,000 or USD0.
Chief executive of the BCSB
, Seymour Fortescue, said: 'I think a lot of banks behave fairly sensibly but we do get some real horror stories - and if you go to the Citizens Advice Bureau they have a huge number of people going to them with financial difficulties.