Taneytown Bank and Trust to complete acquisitionTaneytown...

BUSINESS NOTES

January 07, 1996

Taneytown Bank and Trust to complete acquisition

Taneytown Bank and Trust Co., a wholly owned subsidiary of Monocacy Bancshares Inc., has received final regulatory approval to complete acquisition of Royal Oak Savings Bank FSB.

Monocacy has assumed ownership and management of Royal Oak's two branches effective Dec. 31.

The acquisition of the Eldersburg and Randallstown offices gives Taneytown Bank and Trust nine branch locations and extends its reach into southern Carroll County and western Baltimore County.

Monocacy will continue to operate the two Royal Oak branches under the charter of Royal Oak Savings Bank.

Monocacy expects to merge the two branches with Taneytown Bank at the beginning of the second quarter of 1996.

Until then, Royal Oak customers will continue to bank at their current branch locations.

Customers will be notified of any changes in their accounts and will receive information about the merger and name changes.

Royal Oak Savings Bank was previously owned by U.S.B. Holding Co. Inc. of Orangeburg, N.Y.

Dividends soon available to Monocacy shareholders

The Board of Directors of Monocacy Bancshares Inc. declared a 10 cent per share dividend on Dec. 22, 1995, payable Jan. 26 to shareholders of record Friday.

The board also declared a stock dividend of 10 percent to shareholders of record Friday and also payable Jan. 26.

Monocacy's primary subsidiary is Taneytown Bank and Trust Co.

C&G appointed area rep of Md. Insurance Group

C&G Financial/Insurance Services Inc. in Carroll Plaza Shopping Center, Westminster, has been appointed area representative of the Maryland Insurance Group.

The Maryland Insurance Group is a provider of personal insurance for homes, autos, boats, condominiums and apartments.

The organization is a member of the worldwide Zurich Insurance Group, with more than $50 billion in assets.

C&G has been in business since 1968.

Long & Foster announces top agents of December

The Hampstead Long & Foster Realty office has named its top agents for December.

The top selling agent was Carol Thompson and the top listing agent was Paul Steger.

Westminster councilman becomes partner in law firm

Damian L. Halstad, a Westminster City Council member and adjunct law professor at the University of Baltimore School of Law, has become a partner in the Westminster law firm of Hoffman, Comfort, Galloway & Offutt.

He joined the law firm after serving as law clerk to Judge John J. Garrity of the Maryland Court of Special Appeals and Judge Donald J. Gilmore of the Circuit Court of Carroll County.

Mr. Halstad serves on the Maryland Attorney Grievance Commission, Carroll County General Hospital Foundation board and the board of St. John School in Westminster.

He is married to Leigh Halstad, an assistant attorney general with the Maryland attorney general's office.

They live in Westminster with their son.

Hoffman, Comfort, Galloway & Offutt is a general practice law firm.

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