Byron Talks To Chamber


April 28, 1991

WESTMINSTER — Congresswoman Beverly B. Byron, D-6th, will be the guest speaker at the Carroll County Chamber of Commerce's dinner meeting at 6:30 p.m. Monday at the Quality Inn, Route 140.

As chairwoman of the Military Personnel and Compensation subcommittee, Byron directs congressional oversight of 42 percent of the defense budget and presides over policy issues that, with the Cold War now at an end, will reshape the U.S. military.

Byron also sits on the following subcommittees: Housing and Consumer Interests for the Select Committee on Aging, National Parks and Public Lands, and Water, Power and Offshore Energy Resources for the Interior Committee.

In addition to committee assignments, Byron serves on the Leadership Task Force on AIDS and has worked on the Task Force on Health in 1988 and 1989.

Dinner will be $15. Reservations are required.

Information: 876-7212.



WESTMINSTER -- The Carroll County Chamber of Commerce, in co-sponsorship with the Maryland Small Business Development Center, the Carroll Department of Economic and Community Development, and Carroll Community College, is presenting a series of seminars for small-business owners, managers and entrepreneurs.

William C. O'Connor Jr., a group manager for Signet Bank, will lead "Financing to Grow On," the next seminar, from 8:30 to 10:30 a.m. May 8 at Friendly Farm Restaurant.

Seminars are $25 each and include a continental breakfast. Reservations are required.

Information: 876-7212.



HAMPSTEAD -- Distribution employees at Black & Decker Corp. will work four days a week instead of fivebeginning tomorrow, a spokeswoman said.

The move will affect 125 workers at the facility on Route 30, said Barbara Lucas, who works atthe company's headquarters in Towson, Baltimore County.

The shortened schedule will be in effect for at least a month, she said. The company will evaluate its plans after that period, she said.

No layoffs are planned at the Hampstead facility, which employees about 600people, she said.

Black & Decker announced Wednesday it would shut down some of its assembly plants temporarily, including one in Easton, Talbot County.

The cutbacks are needed "because of the U.S. recession," Lucas said. "We're trying to keep our work flow in sync with our order rates."

In addition to warehouse and distribution work, Hampstead is the headquarters for Black & Decker's product service division. Employees here also package and assemble accessories and work with powdered metal, Lucas said.



BALTIMORE -- Bank Maryland Corp., parent of the Bank of Maryland, reported that its first-quarter loss deepened slightly this year as a "continuing slow economy" maintained its dampening effect onthe company's earnings.

The Towson-based company -- with a branchin Westminster -- said it lost $165,000, or 8 cents a share, during this year's first three months, compared with a loss of $132,000, or 6 cents a share, for the year-ago period.

Unlike many of its largecompetitors, whose increasing pile of problem loans directly led to their recent losses, Bank Maryland's results were primarily blamed onthe after-effect of troubled loans and lost income from interest as these loans soured.

The company is also moving to capture the benefits of the bank's reorganization last year, when its six banking subsidiaries merged into its flagship Bank of Maryland unit.

Speakingat Thursday's annual meeting, H. F. "Bert" Criste, chairman and acting chief executive of Bank Maryland, told shareholders that the company was firmly on its new course, moving to gather new deposits and focus on making loans to small- and medium-sized commercial customers.

"I'm encouraged in that our bank is going to work hard toward profitability," Criste, who is also the company's largest stockholder, told the group. "With the consolidation behind us, and with the efficiencies and controls, we are going to aggressively work for deposits and to make quality loans."

The company said it was looking to increase the amount of income-producing assets on its books as well as tighten its control over operating expenses and reduce the cost of deposits, partly by eliminating higher-priced brokered deposits.

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