Synergy Financial Group (SFG), a comprehensive financial services firm in Towson, Md., and 1st Mariner Bank, the largest independently owned bank in Baltimore, today announced that they have finalized an agreement for SFG to acquire 1st Mariner Financial Services Inc., the investment services division of 1st Mariner Bank. Effective immediately, SFG advisors will begin servicing all former clients of 1st Mariner Financial Services Inc.
“We are very selective when considering acquisitions and partnership opportunities, and we have great respect for 1st Mariner Bank as a Baltimore banking institution,” said Larry Leitch, Partner and Co-Founder of SFG. “We share similar values in personalized service and best-in-class products, and we are confident that we can provide immediate value to our new clients.”
“By transitioning our Financial Services Division to Synergy Financial Group, 1st Mariner is better able to focus our resources on the bank’s core areas of expertise: providing the best business and personal banking products with unbeatable personalized customer service,” said Rob Kunisch, President and COO at 1st Mariner Bank. “SFG’s team has the industry knowledge, integrity and client-first attitude that 1st Mariner customers expect. Together, we will make the transition as smooth and seamless as possible.”
Steve Spurrier, Partner and Co-Founder at SFG, also commented on the transition, stating, “We are very excited about the opportunity to work with the 1st Mariner Financial Services clients moving forward. This acquisition is consistent with our growth strategy, and is in the best interest of both parties and our clients.”
All advisors of both firms offer securities through LPL Financial, the nation’s largest* independent broker-dealer, which serves more than 14,000 advisors and 700 banks and credit unions. The leadership teams at both SFG and 1st Mariner are confident that the transition will be seamless for clients of SFG and 1st Mariner Financial Services, Inc.
About Synergy Financial Group (SFGMD.com)
Synergy Financial Group is a comprehensive financial services firm located in Towson, Md., that is committed to helping clients improve their long-term financial success. Founded in 2004 by long-time Baltimore residents Steve Spurrier and Larry Leitch, SFG’s customized programs are designed to help grow and conserve clients’ wealth by delivering an unprecedented level of personalized service. SFG offers access to an extensive range of unbiased and non-proprietary investments, insurance services and referrals to other professionals in complementary fields.
About 1st Mariner Bank (www.1stMarinerBank.com)
1st Mariner Bank is the largest independent bank headquartered in Baltimore. The bank has approximately $1 billion in assets, 300 employees and access to over 24,000 surcharge-free ATMs. It operates 14 full service bank branches in Baltimore, Anne Arundel, Harford and Howard counties in Maryland, and the City of Baltimore. 1st Mariner Mortgage, a division of 1st Mariner Bank, operates 10 retail offices in Central Maryland, the Eastern Shore of Maryland, and portions of Northern Virginia. 1st Mariner Mortgage also operates www.VAmortgage.com, and direct marketing mortgage operations in Baltimore.
