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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>UNITED
        STATES</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
        AND EXCHANGE COMMISSION</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Washington,
        DC 20549</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>FORM
        8-K</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CURRENT
        REPORT PURSUANT TO </strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SECTION
        13 OR 15(d) OF</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>THE
        SECURITIES EXCHANGE ACT OF 1934</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date
        of
        report (Date of earliest event reported) </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>August
        17, 2005</u></strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong><u>FIRST
        MARINER BANCORP</u></strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>(Exact
        name of Registrant as specified in Charter)</em></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div align="center">
        <table bgcolor="#ffffff" cellpadding="0" cellspacing="0" width="100%">

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              <td width="33.33%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<strong><u><font size="2">Maryland</font></u></strong></div>
              </td>
              <td width="33.33%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>000-21815</u></strong></font></div>
              </td>
              <td width="33.33%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<strong><u><font size="2">52-1834860</font></u></strong></div>
              </td>
            </tr>
            <tr bgcolor="#ffffff">
              <td width="33.33%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>(State
                  or other Jurisdiction </em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>of
                  incorporation)</em></font></div>
              </td>
              <td width="33.33%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<em><font size="2">(Commission
                  File
                  Number)</font></em></div>
              </td>
              <td width="33.33%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>(IRS
                  Employer Identification </em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>No.)</em></font></div>
              </td>
            </tr>
            <tr bgcolor="#ffffff">
              <td width="33.33%">&#160;</td>
              <td width="33.33%">&#160;</td>
              <td width="33.33%">&#160;</td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>3301
        Boston Street, Baltimore, MD 21224</u></strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Address
        of Principal Executive Offices/Zip Code)</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Registrant's
        telephone number, including area code: </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>(410)
        342-2600</u></strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Not
        Applicable</u></strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Former
        name or former address of Registrant, if changed since last report)</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Check
        the
        appropriate box below if the Form 8-K filing is intended to simultaneously
        satisfy the filing obligations of the registrant under any of the following
        provisions:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">r</font>Written
        communications
        pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">r</font>Soliciting
        material
        pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">r</font>Pre-commencement
        communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
        240.14d-2(b))</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">r</font>Pre-commencement
        communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
        240.13e-4(c))</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>INFORMATION
        TO BE INCLUDED IN THE REPORT</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
        1.01.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Entry
        into a Material Definitive Agreement.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">See
        the
        information reported in Item 2.03 of this Current Report on Form 8-K, which
        is
        incorporated herein by reference.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
        2.03.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Creation
        of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet
        Arrangement of a Registrant.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Introduction</u></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        August
        17 and 18, 2005, First Mariner Bancorp (the &#8220;Company&#8221;) entered into several
        agreements providing for the private placement of Floating Rate Capital
        Securities (the &#8220;Capital Securities&#8221;) by its newly formed Delaware trust
        subsidiary, Mariner Capital Trust VII (the &#8220;Trust&#8221;), to </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">First
        Tennessee Bank National Association</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
        (the
&#8220;Purchaser&#8221;). The agreements provide for the Trust to sell $5,000,000 of Capital
        Securities to the Purchaser and $155,000 of Floating Rate Common Securities
        (the
&#8220;Common Securities&#8221; and collectively with the Capital Securities, the
&#8220;Securities&#8221;) to the Company, which sales were completed on August 18, 2005. The
        Trust used the proceeds from the sales of the Securities to purchase the
        Floating Rate Junior Subordinated Deferrable Interest Debentures due 2035
        described below (the &#8220;Debentures&#8221;) from the Company on August 18, 2005.
</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        Capital Securities have not been registered under the Securities Act of 1933,
        as
        amended, and may not be offered or sold in the United States absent registration
        or an exemption from the registration requirements. This notice does not
        constitute an offer to sell or the solicitation of an offer to buy the Capital
        Securities.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        principal agreements into which the Company has entered in connection with
        these
        transactions are briefly described below.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Placement
        Agreement</u></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        August
        17, 2005, the Company and the Trust entered into a Placement Agreement (the
        &#8220;Placement Agreement&#8221;) with </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">FTN
        Financial Capital Markets </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">and
        Keefe, Bruyette &amp; Woods, Inc. (the &#8220;Placement Agents&#8221;), who agreed to
        arrange for the purchase of the Capital Securities by the Purchaser</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        The
        Placement Agreement provides for the sale by the Trust of the Capital Securities
        to the Purchaser for a purchase price of $5,000,000. The Placement Agreement
        provides that the Company will pay all costs and expenses incident to the
        performance of the obligations of the Company and the Trust under the Placement
        Agreement. The Placement Agreement requires the Company and the Trust to
        indemnify the Placement Agents, the Purchaser and their affiliates, officers,
        directors, and employees against certain losses, claims, damages, and
        liabilities arising in connection with the sale of the Capital Securities.
        </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Indenture</u></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        August
        18, 2005, the Company entered into an Indenture (the &#8220;Indenture&#8221;) with
        Wilmington Trust Company, as Trustee. The Indenture provides for the issuance
        by
        the Company of Debentures aggregating $5,155,000 in principal amount, which
        Debentures were issued on August 18, 2005 and registered in the name of the
        Institutional Trustee on behalf of the Trust. The Debentures </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">bear
        interest at a rate per annum of 5.76% through (but not including) December
        15,
        2005 and thereafter at a rate per annum equal to the 3-Month LIBOR plus 1.95%.
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Interest
        is payable on each March 15, June 15, September 15, and December 15. Beginning
        on and after December 15, 2005, interest adjusts every three
        months.</font></div>
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        <div>&#160;</div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Under
        the
        Indenture, the Company has the option, so long as it is not in default under
        certain specified provisions of the Indenture, at any time and from time
        to
        time, to defer the payment of interest on the Debentures for up to 20
        consecutive quarterly interest payment periods. During any such extension
        period, or while an event of default exists under the Indenture, or if the
        Company is in default with respect to its payment obligations under the
        Guarantee Agreement discussed below, the Indenture imposes restrictions on
        the
        Company&#8217;s ability to (i) declare or pay dividends or distributions on, or to
        redeem, purchase, acquire or make a liquidation payment with respect to,
        any of
        its capital stock, or (ii) make payments of principal, interest or premium
        on,
        or repay, repurchase or redeem, any debt securities it may issue that rank
        equal
        or junior to the Debentures.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        Debentures mature on September 15, 2035 and can be redeemed in whole or in
        part
        by the Company, at its option, at 100% of their principal amount plus accrued
        and unpaid interest at any time on or after September 15, 2010 (the fifth
        anniversary of the first interest payment date). During the occurrence and
        continuance of a Capital Treatment Event, a Tax Event, or an Investment Company
        Event as defined in the Indenture, the Company may also redeem the Debentures
        in
        full, at its option, at the Special Redemption Price as defined in the Indenture
        (between 100% and 104.625% of their principal amount, depending on the date
        of
        redemption) plus accrued and unpaid interest. The payment of principal and
        interest on the Debentures is subordinate and subject to the right of payment
        of
        all Senior Indebtedness of the Company as defined in the Indenture.
</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        holders of at least 25% in aggregate principal amount of outstanding Debentures,
        or the Trustee, may by notice to the Company (and in some cases also to the
        Trustee) declare the principal amount of, and any premium and accrued interest
        on, all of the Debentures due and payable immediately upon the occurrence
        of
        certain events of default specified in the Indenture. </font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        Indenture requires the Company to indemnify and hold harmless the Trustee
        and
        its officers, agents, directors and employees against all losses, damages,
        and
        other liabilities arising out of or in connection with the acceptance or
        administration of the Trust, to the extent such losses, damages or liabilities
        are incurred without negligence, bad faith or willful misconduct on the part
        of
        the indemnified person.</font></div>
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        and Restated Declaration of Trust</u></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        August
        18, 2005, the Company, as Sponsor, Wilmington Trust Company, as Delaware
        Trustee, Wilmington Trust Company, as Institutional Trustee, and Mark A.
        Keidel
        and Eugene A. Friedman, as Administrators, entered into an Amended and Restated
        Declaration of Trust (the &#8220;Trust Agreement&#8221;). Each of the Administrators is an
        officer of the Company.</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        Trust
        Agreement provides for the issuance of the Securities by the Trust. Each
        Security has a liquidation amount of $1,000. The Capital Securities have
        an
        aggregate liquidation amount of $5,000,000 and the Common Securities have
        an
        aggregate liquidation amount of $155,000. The Trust Agreement provides for
        distributions to be paid on the Securities, based on the liquidation amount
        of
        the outstanding Securities, at the same rates and times as interest is payable
        on the Debentures issued pursuant to the Indenture by the Company to the
        Institutional Trustee.</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        August
        18, 2005, the Company, as Guarantor, entered into a Guarantee Agreement with
        Wilmington Trust Company, as Guarantee Trustee, for the benefit of the holders
        from time to time of the Capital Securities. Pursuant to the Guarantee
        Agreement, the Company unconditionally agreed to pay (to the extent not paid
        by
        or on behalf of the Trust, and without duplication), amounts due and payable
        under the Capital Securities, to the extent that the Trust has funds available
        for such payment at the time, as well as all other costs, expenses and
        liabilities (other than tax liabilities) of the Trust. The Company&#8217;s obligations
        under the Guarantee Agreement are subordinate and junior in right of payment
        to
        all of the Company&#8217;s Senior Indebtedness as defined in the
        Indenture.</font></div>
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        9.01. </strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Financial
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        Exhibits.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
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            <tr bgcolor="#ffffff">
              <td width="7%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font size="2">4&#160;</font></div>
              </td>
              <td width="3%">&#160;</td>
              <td width="90%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Indenture
                  dated as of August 18, 2005.</font>&#160;</div>
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              <td width="7%">&#160;</td>
              <td width="3%">&#160;</td>
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                  to Regulation S-K Item 601(b)(4)(iii), the registrant agrees to
                  furnish a
                  copy of the Indenture to the Securities and Exchange Commission
                  upon
                  request.</font></div>
              </td>
            </tr>
            <tr bgcolor="#ffffff">
              <td width="7%">&#160;</td>
              <td width="3%">&#160;</td>
              <td width="90%">&#160;</td>
            </tr>

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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SIGNATURES</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
        to the requirements of the Securities Exchange Act of 1934, the registrant
        has
        duly caused this report to be signed on its behalf by the undersigned hereunto
        duly authorized. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" width="100%">

            <tr valign="top" bgcolor="#ffffff">
              <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
              <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
              <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
              <td colspan="2">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">FIRST
                  MARINER BANCORP</font></div>
              </td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;<br>&#160;</font></td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date:&#160;August
                19, 2005</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:&#160;&#160;</font></td>
              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>/s/&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Joseph
                A.
                Cicero&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
                </font></u></font></td>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Joseph
                  A. Cicero</font></div>
              </td>
            </tr>
            <tr valign="top" bgcolor="#ffffff">
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              <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">President
                and Chief Operating Officer</font></td>
            </tr>

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      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><br><br>&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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          <div id="GLFTR" style="WIDTH: 100%" align="left">
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          <div style="WIDTH: 100%; TEXT-ALIGN: center">
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        INDEX</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt"></font>&#160;</div>
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        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
        <div align="center">
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              <tr bgcolor="#ffffff">
                <td width="7%">
                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<u><font size="2">Exhibit</font></u></div>
                </td>
                <td width="3%">&#160;</td>
                <td width="90%"><u><font size="2">Description</font></u></td>
              </tr>
              <tr bgcolor="#ffffff">
                <td width="7%">&#160;</td>
                <td width="3%">&#160;</td>
                <td width="90%">&#160;</td>
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                  <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Indenture
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                </td>
              </tr>
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                <td width="7%">&#160;</td>
                <td width="3%">&#160;</td>
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                    to Regulation S-K Item 601(b)(4)(iii), the registrant agrees
                    to furnish a
                    copy of the Indenture to the Securities and Exchange Commission
                    upon
                    request.</font></div>
                </td>
              </tr>
              <tr bgcolor="#ffffff">
                <td width="7%">&#160;</td>
                <td width="3%">&#160;</td>
                <td width="90%">&#160;</td>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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{"company-data": {"conformed-name": "FIRST MARINER BANCORP", "cik": "0000946090", "assigned-sic": "6022", "irs-number": "521834860", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-21815", "film-number": "051043772"}, "business-address": {"street1": "1801 S CLINTON STREET", "city": "BALTIMORE", "state": "MD", "zip": "21224", "phone": "4103422600"}, "mail-address": {"street1": "1801 S CLINTON ST", "city": "BALTIMORE", "state": "MD", "zip": "21224"}}
Unassociated Document
UNITED
        STATES
SECURITIES
        AND EXCHANGE COMMISSION
Washington,
        DC 20549
FORM
        8-K
CURRENT
        REPORT PURSUANT TO
SECTION
        13 OR 15(d) OF
THE
        SECURITIES EXCHANGE ACT OF 1934
Date
        of
        report (Date of earliest event reported)
August
        17, 2005
FIRST
        MARINER BANCORP
(Exact
        name of Registrant as specified in Charter)
Maryland
000-21815
52-1834860
(State
                  or other Jurisdiction
of
                  incorporation)
(Commission
                  File
                  Number)
(IRS
                  Employer Identification
No.)
3301
        Boston Street, Baltimore, MD 21224
(Address
        of Principal Executive Offices/Zip Code)
Registrant's
        telephone number, including area code:
(410)
        342-2600
Not
        Applicable
(Former
        name or former address of Registrant, if changed since last report)
Check
        the
        appropriate box below if the Form 8-K filing is intended to simultaneously
        satisfy the filing obligations of the registrant under any of the following
        provisions:
r
Written
        communications
        pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
r
Soliciting
        material
        pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
r
Pre-commencement
        communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
        240.14d-2(b))
r
Pre-commencement
        communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
        240.13e-4(c))
INFORMATION
        TO BE INCLUDED IN THE REPORT
Item
        1.01.
Entry
        into a Material Definitive Agreement.
See
        the
        information reported in Item 2.03 of this Current Report on Form 8-K, which
        is
        incorporated herein by reference.
Item
        2.03.
Creation
        of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet
        Arrangement of a Registrant.
Introduction
On
        August
        17 and 18, 2005, First Mariner Bancorp (the "Company") entered into several
        agreements providing for the private placement of Floating Rate Capital
        Securities (the "Capital Securities") by its newly formed Delaware trust
        subsidiary, Mariner Capital Trust VII (the "Trust"), to
First
        Tennessee Bank National Association
(the
"Purchaser"). The agreements provide for the Trust to sell $5,000,000 of Capital
        Securities to the Purchaser and $155,000 of Floating Rate Common Securities
        (the
"Common Securities" and collectively with the Capital Securities, the
"Securities") to the Company, which sales were completed on August 18, 2005. The
        Trust used the proceeds from the sales of the Securities to purchase the
        Floating Rate Junior Subordinated Deferrable Interest Debentures due 2035
        described below (the "Debentures") from the Company on August 18, 2005.
The
        Capital Securities have not been registered under the Securities Act of 1933,
        as
        amended, and may not be offered or sold in the United States absent registration
        or an exemption from the registration requirements. This notice does not
        constitute an offer to sell or the solicitation of an offer to buy the Capital
        Securities.
The
        principal agreements into which the Company has entered in connection with
        these
        transactions are briefly described below.
Placement
        Agreement
On
        August
        17, 2005, the Company and the Trust entered into a Placement Agreement (the
        "Placement Agreement") with
FTN
        Financial Capital Markets
and
        Keefe, Bruyette & Woods, Inc. (the "Placement Agents"), who agreed to
        arrange for the purchase of the Capital Securities by the Purchaser
.
        The
        Placement Agreement provides for the sale by the Trust of the Capital Securities
        to the Purchaser for a purchase price of $5,000,000. The Placement Agreement
        provides that the Company will pay all costs and expenses incident to the
        performance of the obligations of the Company and the Trust under the Placement
        Agreement. The Placement Agreement requires the Company and the Trust to
        indemnify the Placement Agents, the Purchaser and their affiliates, officers,
        directors, and employees against certain losses, claims, damages, and
        liabilities arising in connection with the sale of the Capital Securities.
Indenture
On
        August
        18, 2005, the Company entered into an Indenture (the "Indenture") with
        Wilmington Trust Company, as Trustee. The Indenture provides for the issuance
        by
        the Company of Debentures aggregating $5,155,000 in principal amount, which
        Debentures were issued on August 18, 2005 and registered in the name of the
        Institutional Trustee on behalf of the Trust. The Debentures
bear
        interest at a rate per annum of 5.76% through (but not including) December
        15,
        2005 and thereafter at a rate per annum equal to the 3-Month LIBOR plus 1.95%.
Interest
        is payable on each March 15, June 15, September 15, and December 15. Beginning
        on and after December 15, 2005, interest adjusts every three
        months.
Under
        the
        Indenture, the Company has the option, so long as it is not in default under
        certain specified provisions of the Indenture, at any time and from time
        to
        time, to defer the payment of interest on the Debentures for up to 20
        consecutive quarterly interest payment periods. During any such extension
        period, or while an event of default exists under the Indenture, or if the
        Company is in default with respect to its payment obligations under the
        Guarantee Agreement discussed below, the Indenture imposes restrictions on
        the
        Company's ability to (i) declare or pay dividends or distributions on, or to
        redeem, purchase, acquire or make a liquidation payment with respect to,
        any of
        its capital stock, or (ii) make payments of principal, interest or premium
        on,
        or repay, repurchase or redeem, any debt securities it may issue that rank
        equal
        or junior to the Debentures.
The
        Debentures mature on September 15, 2035 and can be redeemed in whole or in
        part
        by the Company, at its option, at 100% of their principal amount plus accrued
        and unpaid interest at any time on or after September 15, 2010 (the fifth
        anniversary of the first interest payment date). During the occurrence and
        continuance of a Capital Treatment Event, a Tax Event, or an Investment Company
        Event as defined in the Indenture, the Company may also redeem the Debentures
        in
        full, at its option, at the Special Redemption Price as defined in the Indenture
        (between 100% and 104.625% of their principal amount, depending on the date
        of
        redemption) plus accrued and unpaid interest. The payment of principal and
        interest on the Debentures is subordinate and subject to the right of payment
        of
        all Senior Indebtedness of the Company as defined in the Indenture.
The
        holders of at least 25% in aggregate principal amount of outstanding Debentures,
        or the Trustee, may by notice to the Company (and in some cases also to the
        Trustee) declare the principal amount of, and any premium and accrued interest
        on, all of the Debentures due and payable immediately upon the occurrence
        of
        certain events of default specified in the Indenture.
The
        Indenture requires the Company to indemnify and hold harmless the Trustee
        and
        its officers, agents, directors and employees against all losses, damages,
        and
        other liabilities arising out of or in connection with the acceptance or
        administration of the Trust, to the extent such losses, damages or liabilities
        are incurred without negligence, bad faith or willful misconduct on the part
        of
        the indemnified person.
Amended
        and Restated Declaration of Trust
On
        August
        18, 2005, the Company, as Sponsor, Wilmington Trust Company, as Delaware
        Trustee, Wilmington Trust Company, as Institutional Trustee, and Mark A.
        Keidel
        and Eugene A. Friedman, as Administrators, entered into an Amended and Restated
        Declaration of Trust (the "Trust Agreement"). Each of the Administrators is an
        officer of the Company.
The
        Trust
        Agreement provides for the issuance of the Securities by the Trust. Each
        Security has a liquidation amount of $1,000. The Capital Securities have
        an
        aggregate liquidation amount of $5,000,000 and the Common Securities have
        an
        aggregate liquidation amount of $155,000. The Trust Agreement provides for
        distributions to be paid on the Securities, based on the liquidation amount
        of
        the outstanding Securities, at the same rates and times as interest is payable
        on the Debentures issued pursuant to the Indenture by the Company to the
        Institutional Trustee.
Guarantee
        Agreement
On
        August
        18, 2005, the Company, as Guarantor, entered into a Guarantee Agreement with
        Wilmington Trust Company, as Guarantee Trustee, for the benefit of the holders
        from time to time of the Capital Securities. Pursuant to the Guarantee
        Agreement, the Company unconditionally agreed to pay (to the extent not paid
        by
        or on behalf of the Trust, and without duplication), amounts due and payable
        under the Capital Securities, to the extent that the Trust has funds available
        for such payment at the time, as well as all other costs, expenses and
        liabilities (other than tax liabilities) of the Trust. The Company's obligations
        under the Guarantee Agreement are subordinate and junior in right of payment
        to
        all of the Company's Senior Indebtedness as defined in the
        Indenture.
Item
        9.01.
Financial
        Statements and Exhibits.
(c)
Exhibits.
4
Indenture
                  dated as of August 18, 2005.
Pursuant
                  to Regulation S-K Item 601(b)(4)(iii), the registrant agrees to
                  furnish a
                  copy of the Indenture to the Securities and Exchange Commission
                  upon
                  request.
SIGNATURES
Pursuant
        to the requirements of the Securities Exchange Act of 1934, the registrant
        has
        duly caused this report to be signed on its behalf by the undersigned hereunto
        duly authorized.
FIRST
                  MARINER BANCORP
Date: August
                19, 2005
By:
/s/
Joseph
                A.
                Cicero
Joseph
                  A. Cicero
President
                and Chief Operating Officer
EXHIBIT
        INDEX
Exhibit
Description
4
Indenture
                    dated as of August 18, 2005.
Pursuant
                    to Regulation S-K Item 601(b)(4)(iii), the registrant agrees
                    to furnish a
                    copy of the Indenture to the Securities and Exchange Commission
                    upon
                    request.