October 13, 2009 For Immediate Release
Baltimore, MD-- Mariner Finance, LLC’s executive management team is pleased to announce it is aligning with Milestone Partners, a middle market private equity firm from Saint Davids, PA, to purchase Mariner Finance from First Mariner Bancorp. The transaction is expected to close by December 15, 2009. The alliance with Milestone will enable Mariner Finance’s management to continue to operate and grow its 41 locations, and offer its customers and retail merchants the highest level of service and convenience.

Josh Johnson, President and CEO of Mariner Finance, LLC said, “Partnering with Milestone is a great strategic development for all of our constituents. Milestone is providing us with incremental capital beyond that needed for the purchase, so that we can grow our business and provide new opportunities for all of our team members and innovative products and services for all of our clients. Management’s enthusiasm is exemplified by the fact that we are investing personal capital alongside Milestone as we have a fervent desire to be co-owners in the business.”

About Mariner Finance, LLC:

Mariner Finance brings over 125 years of experience in meeting the financial service needs of consumers in the region. Mariner Finance is proud to deliver the same type of products offered by competitors with a unique focus on personalized service. The quality of this personalized service is what differentiates Mariner Finance from the competition and remains the driving force behind attracting new customers and obtaining repeat business. Visit www.marinerfinance.com for more information.

About Milestone Partners:

Milestone Partners is a middle market private equity firm that partners with management to invest in leveraged buyouts and recapitalizations of lower-middle market businesses. Milestone pursues niche-market leaders that produce or distribute high-margin products or services. Milestone’s transactions typically provide liquidity to certain existing shareholders, facilitate the transition of ownership to key managers, and allow management to capitalize on growth opportunities while maintaining the legacy of the founders. Visit www.milestonepartners.com for more information.