Deadline for All Holders of Prepetition Claim Other than Governmental Units is June 10, 2014
Deadline for Governmental Units is August 11, 2014
Click here for Notice
Click here for Claim Form And Instructions
This website was created to provide access to information for, and solicit and receive comments from, creditors of Capital Trust Holdings, Inc. (f/k/a First Mariner Bancorp) (the “Debtor”), which filed for voluntary petition in the United States Bankruptcy Court for the District of Maryland (the “Bankruptcy Court”) on February 10, 2014.
On or about June 17, 2014, the Debtor consummated a transaction pursuant to which it sold substantially all of its assets (including its shares in 1st Mariner Bank (the “Bank”)) to RKJS Bank (the “M&A Transaction”). The M&A Transaction – which was approved by the Bankruptcy Court on April 21, 2014, following an auction process and a sale hearing – was consummated pursuant to the Amended and Restated Merger and Acquisition Agreement, dated as of April 15, 2014, among the Debtor, First Mariner Bank, and RKJS Bank. The Debtor has received aggregate consideration in the amount of $18,725,949 on account of the M&A Transaction. Copies of documents related to the sale of the Debtor’s assets (including the Sale Motion, notices, the sale order, and the Amended & Restated Merger and Acquisition Agreement) can be obtained through this website, free of charge, by clicking here.
Proceeds of the M&A Transaction will be utilized to satisfy administrative costs and expenses of the Debtor and to fund distributions to the Debtor’s creditors and other stakeholders in accordance with a chapter 11 plan of liquidation. The Debtor does not anticipate that any proceeds will be available to stockholders. The Debtor will be proposing the chapter 11 plan of liquidation and such plan will be subject to Bankruptcy Court approval.
Please note that the Bank, which is no longer owned by the Debtor, is not itself a debtor in this bankruptcy case and it continues to operate in the ordinary course of its business. Accordingly, the Bank’s deposits continue to be insured by the Federal Deposit Insurance Corporation to the fullest extent possible. If you have any additional questions relating to the Bank (and not the Debtor or its bankruptcy case), please call 410-558-4200 or 1-888-561-2265 (toll free).
Telephonic inquiries relating to issues relating to Debtor's bankruptcy case can be made at (866) 205-3145.
To View the Debtor's Chapter 11 Press Release - click here. Page Top
|Main Debtor||14-11952 Capital Trust Holdings, Inc. (f/k/a First Mariner Bancorp)|
|Court||District of Maryland|
|Judge||Hon. David E. Rice|
|Petition Filing Date||February 10, 2014|
|Claims Bar Date||June 10, 2014|
|Governmental Bar Date||August 11, 2014|
|Confirmation Hearing Date||December 8, 2014|
|Ballot Deadline||November 26, 2014|
|Attorneys for Debtors||Kramer Levin Naftalis & Frankel LLP|
1177 Avenue of the Americas
New York, NY 10036
Phone: (212) 715-9100
| ||Yumkas, Vidmar & Sweeney, LLC|
2530 Riva Road, Suite 400
Annapolis, MD 21401
Phone: (410) 571-2780
|Financial Advisor||Sandler O'Neill + Partners, L.P.|
1251 Avenue of the Americas
New York, NY 10020
Phone: (212) 466-7800
|Regulatory Counsel||Kilpatrick Townsend LLP|
607 14th Street, NW
Washington, DC 20005
Phone: (202) 508-5800
|United States Trustee||United States Trustee|
101 West Lombard Street
Baltimore, MD 21201