Leister is new CEO of Taneytown BankEdward D. Leister, a...

BUSINESS NOTES

February 03, 1994

Leister is new CEO of Taneytown Bank

Edward D. Leister, a Taneytown Bank and Trust employee for 17 years, has been promoted to senior vice president and chief operating officer.

A Pleasant Valley native, Mr. Leister has been involved with all aspects of the bank's management.

In his community work, Mr. Leister has served as president of the Carroll County Chamber of Commerce and president of the Carroll County Children's Fund.

He is chairman of Western Maryland College's Carroll County Student Grant Program. Duke's Car Wash has announced its award winners for December. Employees of the month were Stephanie Howe for the daytime shift and Vicki Norris for the evening-weekend crew.

Harvey Towers and Karen Frock were awarded Most Dependable honors; Darryl Ecker and Andy Bankard are Most Improved Workers; Murray Valentin, Corey Coil and Lori Harris received awards for demonstrating most initiative; Keith Austin and Lesley Plienis won the Highest Quality of Work award; B. J. Foreman and Karen Frock won for Best Attitude.

Monocacy reports quarterly income

Monocacy Bancshares Inc. -- the parent company of Taneytown Bank and Trust -- reported a net income of $1,9651,329, or $1.50 per share, for the year ended Dec. 31, 1993.

This report compares with $1,952,089, or $1.49 per share, for 1992. Bank officials said the figures have been adjusted to compensate for a two-for-one stock split on Oct. 1, 1993, in conjunction with the formation of Monocacy Bancshares.

For the quarter ending Dec. 31, 1993, the bank realized a net income of $455,987 or 35 cents per share, as compared with $505,181 or 38 cents per share for the last quarter of 1992. Those figures have also been adjusted to account for the October stock split, bank officials said.

Improved net interest income, as loans grew by about 20 percent, and higher levels of noninterest income over the past year increased the bank's profits, bank officials said.

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