Loan office eyes move to Carroll Frederick company negotiating on lot

September 27, 1992|By Amy L. Miller | Amy L. Miller,Staff Writer

Officials of Central Maryland Farm Credit are eyeing a 3.8-acre site in the Carroll County Air Business Park to move their headquarters from Frederick to Westminster.

"We're still in the process of negotiation on a lot," said Ronald K. Byrd, president and chief executive officer. "If that goes through, we'll move our administrative headquarters to Westminster."

However, the company is not planning to close the Frederick branch. "We aren't diminishing our commitment to Frederick County in any way," Mr. Byrd said. "Frederick is our largest loan operation out of the six branches. We're able to leave more space in Frederick for branch expansion if we move."

The new office will be more centrally located in the district, which reaches from Washington to Cecil counties. "We've been discussing [a move] for two or three years," Mr. Byrd said.

Company officials will need to have the lot's zoning changed from light industrial to commercial, he said. A meeting with the city's Board of Zoning Appeals is scheduled for 9 a.m. Oct. 19.

"We're not a commercial banking operation and we don't take PTC deposits, so that should make the change more attractive," he said. "I don't know that we'll be creating a lot of traffic."

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