- The Washington Times - Saturday, January 31, 2009


Suburban Federal fails, bought by Va. bank

Suburban Federal Savings Bank of Crofton, Md., was closed Friday by the Office of Thrift Supervision and put into receivership under the Federal Deposit Insurance Corp. (FDIC).

The FDIC sold the seven-branch bank to Bank of Essex of Tappahannock, Va., which will assume deposits of $302 million. Suburban Federal’s total assets were $360 million as of Sept. 30. Bank of Essex agreed to purchase about $348 million in assets at a discount of $45 million.

The bank’s branches will reopen Saturday as branches of Bank of Essex.



O’Malley nominates development secretary

Gov. Martin O’Malley on Friday nominated the managing director of a Baltimore private equity firm to head the state’s economic development agency.

Mr. O’Malley, a Democrat, named Christian Johansson, managing director of Continental Equity of Baltimore, to be secretary of the Maryland Department of Business and Economic Development.


Montgomery council member Praisner dies

Donald Praisner, a Democrat who was elected last year to the Montgomery County Council seat left vacant by the death of his wife, died Friday. He was 76.

Mr. Praisner’s chief of staff, Joy Nurmi, said he died at Suburban Hospital in Bethesda from complications following cancer surgery Monday.

He was elected in May to succeed his wife, Marilyn, who served for 17 years on the council. She died last February after undergoing heart valve replacement surgery.



Police: woman stole from school club

A Woodbridge woman has been charged with embezzling more than $6,000 from a middle school’s booster club while serving as its president, Prince William County police said Thursday.

Officials at Saunders Middle School reported money missing from the club’s account last week, police said. Sherrie Tucker, 46, turned herself in to police Wednesday.


State to receive billions in stimulus

Nearly $6 billion from the federal stimulus package will pass through Virginia government.

Counting tax cuts and direct benefits the federal government would pay to individuals, the House Appropriations Committee staff estimates the amount will rise to about $11 billion that will flow to Virginia from the recovery package.

Members of the committee were told Friday that the biggest shares of the recovery package will be earmarked for public schools, Medicaid and transportation.

Committee members complained that only about 10 percent of the total passing through state government can be used for infrastructure.


Man kills himself after shooting incident

A man who barricaded himself inside an Alexandria town house after shooting and injuring a woman during an apparent domestic dispute committed suicide, police said.

The man, whom police did not identify, was found dead in the home about 10:45 p.m. Thursday, Alexandria police spokeswoman Ashley Hildebrandt said.

Police heard a gunshot and entered the home, where they found the man dead of a self-inflicted gunshot wound, she said.

The woman, who was shot about 11 a.m. Thursday in the Cameron Station neighborhood, was taken to the hospital.

A child was let out of the home and is safe, police said.

From wire dispatches and staff reports

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