{{Short description|American bank holding company}} {{Infobox company | industry = Banking | founded = {{start date and age|1806}} as Mechanics Bank of Baltimore | defunct = {{end date and age|2003}} | assets = $18.3 billion (2001)<ref name=roots/> | num_employees = 6,000<ref name=roots/> }}
'''First Maryland Bancorp''' was a bank holding company that operated the First National Bank of Maryland. The company changed its name to '''Allfirst Financial''' in 1999 and was acquired by M&T Bank in 2003.
The company operated 250 branches and more than 575 automated teller machines in Maryland, Pennsylvania, Washington D.C., Northern Virginia, and Delaware.<ref name=roots/>
==History== The bank was founded in 1806 as Mechanics Bank of Baltimore.<ref name=roots>{{cite news | url=https://www.baltimoresun.com/2002/02/07/banks-roots-in-maryland-reach-to-early-19th-century/ | title=Bank's roots in Maryland reach to early 19th century | first=June | last=Arney | work=The Baltimore Sun | date=February 7, 2002}}</ref>
In 1864, it established First National Bank of Maryland.<ref name=roots/>
In 1983, Allied Irish Banks made an investment in the company.<ref name=roots/>
In 1988, Allied Irish Banks acquired the portion of the company that it did not already own.<ref>{{cite news | url=https://www.upi.com/Archives/1988/12/06/Allied-Irish-Banks-to-buy-First-Maryland-Bancorp/4865597387600/ | title=Allied Irish Banks to buy First Maryland Bancorp | work=United Press International | date=December 6, 1988}}</ref><ref name=roots/>
In 1997, the company acquired Dauphin Deposit Corporation for $1.36 billion.<ref>{{cite news | url=https://www.bizjournals.com/washington/stories/1997/01/20/daily3.html | title=First Maryland Bancorp to gobble Dauphin Deposit | work=American City Business Journals | date=January 21, 1997}}</ref><ref>{{cite news | url=https://www.latimes.com/archives/la-xpm-1997-01-22-fi-20972-story.html | title=First Maryland to Acquire Dauphin | work=Los Angeles Times | date=January 22, 1997}}</ref>
In 1999, the company changed its name to Allfirst Financial.<ref>{{cite news | url=https://www.baltimoresun.com/1999/04/15/first-maryland-to-be-allfirst-financial-subsidiary-banks-firms-to-be-unified-under-new-name-banking/ | title=First Maryland to be Allfirst Financial | first=Bill | last=Atkinson | work=The Baltimore Sun | date=April 15, 1999}}</ref>
In 2003, M&T Bank acquired the company.<ref>{{cite news | url=https://www.baltimoresun.com/2003/04/02/allfirsts-sale-to-m-bank-is-completed/ | title=Allfirst's sale to M&T Bank is completed | first=William | last=Patalon III | work=The Baltimore Sun | date=April 2, 2003}}</ref>
==References== {{Reflist|1}}
Category:Allied Irish Banks Category:Defunct banks of the United States