Taneytown Bank reports profitsTaneytown Bank and Trust Co...


February 04, 1993

Taneytown Bank reports profits

Taneytown Bank and Trust Co. posted a 5.3 percent increase in profits for 1992 to $1,952,089. On a per-share basis, earnings were $2.98, compared with $2.83 for 1991, restated for the stock dividend.

Return on average assets was 1.26 percent. Return on average equity was 13.39 percent. The average capital-to-asset ratio was 9.25 percent.

The board of directors declared a 20 percent stock dividend payable Jan. 4 to stockholders of record Dec. 16, 1992. The cash dividend increased by 7 percent.

The year saw the opening of the new Taneytown administrative and operations building, a new Westminster loan production office, major systems and software upgrades and a new Howard County branch in Columbia.

Bookstore observes Black History month

The Little Professor Book Center in Carrolltowne Mall is celebrating Black History Month through Feb. 28. The theme for Black History Month this year is "African-American Scholars: Leaders, Activists and Writers."

This year's Black History Month will mark the 68th annual celebration, initiated in 1926 by Dr. Carter Godwin Woodson of Harvard.

Little Professor will celebrate by featuring books by and about African-Americans. The staff will be able to recommend specific titles to anyone wishing to learn more about African-American history.

Insurance agents honored at luncheon

The Carroll County Association of Life Underwriters recently honored outstanding life and health insurance agents at the annual awards luncheon.

The following agents received awards:

* Roger Diehl, LUTCF (Life Underwriter Training Council Fellow) of Prudential, Agent of the Year.

* David P. Griffin, Baltimore Life, Manager of the Year.

* Richard E. Fisher, Prudential, Rookie of the Year.

The National Quality Award, given for selling a stipulated number of insurance policies during the year and maintaining 90 percent in force for at least 13 months, was presented to the following:

* John P. Buenger Sr., LUTCF, Nationwide.

* David M. Carl, Home Beneficial.

* Dennis W. Martin, Massachusetts Mutual.

* E. Bradley Cornell, Prudential.

* Robert F. Schilling, LUTCF, Nationwide.

* Wayne D. Toth, Prudential.

* James H. Fair, CLU, ChFC, Lutheran Brotherhood.

* Paul K. Dell, CLU, ChFC, New York Life.

The National Sales Achievement Award, recognizing agents who are responsible for the protection of a large number of LTC individuals and families through life insurance, was awarded to the following agents:

* David M. Carl, Home Beneficial.

* James W. Eaton, Prudential.

* James H. Fair, CLU, ChFC, Lutheran Brotherhood.

Those recognized for achieving membership in the "Million-Dollar Round Table" were:

* James J. Curtis, C&G Financial.

* W. David Livingston, Livingston, Livingston Financial.

* Paul K. Dell, CLU, ChFC, New York Life.

The educational designation of Life Underwriter Training Council Fellow (LUTCF) was bestowed upon:

* E. Bradley Cornell.

* Durward H. Farley.

* D. Kevin Inskeep.

* Michael S. Kunert.

* Rose Anne Messina.

* Robert F. Schilling.

* Ralph P. Sell.

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