Taneytown bank names new officer
Taneytown Bank and Trust Co. has named Christopher David Holt as an assistant vice president in the real estate department.
He will develop new business and service current commercial and residential construction loans in Carroll and surrounding counties.
Mr. Holt worked in a similar position at First American Bank of Maryland. He has an economics degree from St. Mary's College of Maryland.
He and his wife, Terry, have a 2-year-old daughter and live in Towson. Layoffs announced recently at Genstar Stone Products Inc. do not affect employees at the Medford plant, Vice President Kim Snyder said.
The company laid off 52 people at four plants, he said.
The plants affected were in Churchville, Marriottsville, Texas, Md., and White Marsh, he said.
Two years ago, Genstar had a peak of 1,700 employees, Mr. Snyder said.
The company now has 1,160 employees, about 45 of whom work at the Medford quarry, he said.
The company, based in Hunt Valley, has had to reduce its work force because of the slow economy and fewer road-building projects, he said.
Carroll bank parent increases its dividend
The board of directors of Mason-Dixon Bancshares Inc. has declared a dividend of 27 cents per share, payable Sept. 15 to stockholders of record on Sept. 1.
The dividend is 12.5 percent above the previous dividend paid.
Net income for the quarter ending June 30 increased by 48.6 percent over 1991, to $1,455,259.
Earnings per share were $1, compared to 65 cents for the same period in 1991.
Corporation assets grew by 3.5 percent and deposits by 3.4 percent above June 30, 1991.
Total assets stood at $457.4 million, and outstanding loans amounted to $207.2 million, a decrease of 11.7 percent.
Mason-Dixon Bancshares Inc. is the parent corporation of Carroll County Bank and Trust Co.
The bank operates 12 offices in Carroll County and one in Howard County, plus a wholly owned subsidiary, Carrollco Insurance Inc.
Retailers consider shopping brochure
Retailers are considering publishing a brochure listing the city's various shopping areas in an effort to attract more customers.
About 15 retailers and other business leaders met Thursday at City Hall with Mayor W. Benjamin Brown to discuss ways to attract shoppers to the area.
"Everybody seems anxious to move forward," said Kathleen Campanella, promotions coordinator for the Westminster Business Association.
Mayor Brown is looking into how much a brochure would cost and will report back to the group, Mrs. Campanella said.