Speaker At Lunch

C & P

May 08, 1991

WESTMINSTER — J. Henry Butta, president and chief executive officer of C & P Telephone Co. of Maryland, will be guest speaker at the Carroll County Chamber of Commerce's general membership luncheon at noon tomorrow at Frock's Sunnybrook Farm, Bond Street.

A native Baltimorean, Butta began working for C & P in 1947. He has been a mail clerk, cable splicer, installer-repairman and commercial representative for the company.

He will discuss advancements made in the telecommunications industry that could make businesses more productive and profitable.

Reservations are $10 per person and should be made by today.

Information: 848-9050 or 876-7212.



WESTMINSTER -- The Crawford Corp. has been chosen by ITT Hartford Insurance Group as Agent of the Quarter for the Baltimore regional territory.

The award is based on consistent profitability and significant growth over the past three years.

The Crawford Corp., 58 W. Main St., was established in 1920 and is an independent insurance agency.



HANOVER, Pa. -- Hanover Bancorp Inc. has announced first-quarter earnings of $700,255, which exceeded last year's first-quarter profits.

Total assets increased 7 perecent, compared to the first quarter of 1990, to $243,846,000. The corporation's average return on assests was 1.12 percent and return on average shareholder equity was 13.6 percent during the first quarter.

Non-perdorming loans as a percentage of total loansstood at 0.61 percent on March 31, 1991.

Bancorp, which has an office in Westminster, had its annual meeting April 9 at the OperationsCenter of its sole subsidiary, Bank of Hanover and Trust Co. During the meeting, attended by 80 shareholders, directors Terrence L. Hormel, Vincent P. Pisula, John D. Shafer and Charles W. Test were electedto a three-year term of office.

The corporation later hosted 150 shareholders at a reception.

At the reorganization meeting of the corporation April 19, Hormel was elected chairman of the board of thecorporation and its subsidiary.

Thomas M. Bross Jr. was elected vice chairman of the board of the holding company and the bank.



WESTMINSTER -- The Furniture Connection in Crossroads Square at routes 140 and 97 will close May31, a company official said.

The store is closing because it didn't have enough business, said Gerri Suter, assistant buyer for Furniture Connection Corp. in Baltimore. It opened about two years ago, shesaid.

When the store here closes, the companby will have only onestore, at 873 W. Baltimore St. in Baltimore, she said.

The store employed eight full and part-time employees, Suter said. Company officials hope they will transfer to the Baltimore store, she said.

Furniture Connection actually leased its 34,000 square feet from Safeway, which occupied the space previously, said George Collins of Hicks and Rotner Associates, leasing agent for the shopping center.


The County Commissioners are reviewing a policy on how job training money should be distributed.

James C. Threatte, director of the county Department of Economic and Community Development,said the county's loan committee, which has representatives from county government and banks, recommended the commissioners adopt a policy. He presented it to them Tuesday.

Job training money is given toattract industry to the county, he said.

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