5 Businesses Honored

BIZLINE

November 03, 1991

WESTMINSTER — The Carroll County Chamber of Commerce honored five county businesses Tuesday for their work with the Business and Education Partnership program.

The businesses were:

* The Conway Group Inc. in Westminster -- Morna Conway, company president, has participated in the Task Force for School Improvement, Project Business and Passport to the Future. She also has provided financial support for Junior Achievement programs and planning and marketing advice to the school system.

* Crouse Ford Sales Inc. in Taneytown -- The company provides new cars for the schools' on-road instruction program. It also donates sheet metal and mechanical parts to the auto body program and hires students to work at its dealership.

* Leggett department store in Westminster -- The store has assistedfashion design students at an annual fashion show and has provided financial assistance for J.A. programs.

* Modern Comfort Systems inWestminster -- The company provides an annual $500 scholarship to a Career and Technology Center graduate in heating, ventilating and airconditioning who will be continuing his or her education. The company also donates materials and supplies to vocational programs and money for J.A. programs.

* Tri-State Heat Pump Association in Westminster-- The group presents two $500 annual scholarships to outstanding air conditioning graduates of the Career and Technology Center.

STOREWILL FILL ORDERS

WESTMINSTER -- Baby Biz, a furniture store at Cranberry Mall that closed Oct. 23, will fill orders for customers who paid deposits, the company president said.

The company, a divisionof Manufacturers Guaranty Corp. in Pensacola, Fla., sold Babycraft products.

The store, which opened Aug. 1, closed after the company filed for Chapter 11 reorganization, said Frank Meyer, corporate director of facilities at the mall.

Company president C. E. Wheeler III said Baby Biz is advertising for a Babycraft dealer in the area. Ifone is found, it will fill orders made at the Cranberry Mall store, he wrote in a letter to customers.

If no dealer is found, the company will ship orders to customers before the end of the year, Wheelerwrote.

"Regardless of whether you have a small deposit, large payment or have totally paid for the merchandise, your baby's furniture will be shipped," he wrote.

Meyer said mall officials are referring questions about Baby Biz to the Division of Consumer Protection of the Maryland Attorney General's office, at 200 St. Paul Place, Baltimore, Md. 21202. The phone number is 576-6550.

Baby Biz officials can be reached at L & N Marine Terminal Building, 207 E. Main St., Suite 100, Pensacola, Fla. 32501. The phone number is 904-435-6903.

NET EARNINGS ARE LISTED

WESTMINSTER -- The Carroll County Bank and Trust Co. announced net earnings of $3,100,051 at the end of the third quarter of 1991.

As compared with 1990, net income has grown by $265,600, or 9.4 percent. Earnings per share for the nine-month period were $2.04 in 1991, as compared with $1.87 for 1990.

Net income forthe three-month period ending Sept. 30 declined by 3.5 percent, compared with 1990. Net income amounted to $1,107,228 for the period.

While earnings grew, an 87 percent increase in provision for credit losses was incurred, due to current economic conditions and an increase in consumer loan losses, said Thomas K. Ferguson, president and chief executive officer.

Total deposits grew by $11.8 million, as compared with Sept. 30, 1990. Net loans decreased 11.5 percent in 1991.

Carroll County Bank and Trust operates 11 offices in the county and one in Howard County, plus Carrollco Insurance Inc., an affiliate.

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