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By David Conn and David Conn,Staff Writer | December 16, 1993
Provident Bankshares Corp. agreed yesterday to buy Baltimore-based Sterling Bank and Trust Co., a small, privately held institution that specializes in personalized (and expensive) banking services for affluent customers.Provident -- itself often mentioned by banking analysts as a possible takeover candidate -- has $1.7 billion in assets and 41 branches through its main subsidiary, Provident Bank of Maryland. Sterling, an 8-year-old company, has $70 million in assets and three branches.Although the two companies would not disclose the purchase price, they said the letter of intent signed yesterday calls for Provident to pay 1.5 times Sterling's book value, which is about the current average price for bank mergers.
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By Frederick N. Rasmussen, The Baltimore Sun | June 27, 2014
Robert M.S. Menzies Sr., president and CEO of Easton Bank and Trust Co. and a civic leader, died Tuesday of multiple myeloma at his Easton home. He was 67. The son of John T. Menzies Jr., former president of Crosse & Blackwell, and Priscilla Fuller Menzies, a homemaker, Robert Michael Stewart Menzies Sr. was born in Baltimore and raised on Broadway Road in the Worthington Valley. Mr. Menzies, who was known as "Mike," graduated in 1965 from Trinity-Pawling School in Pawling, N.Y. He earned a bachelor's degree in 1969 from Randolph Macon College in Ashland, Va., and a certified public accountant certificate from what is now Loyola University Maryland.
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BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | November 1, 1995
Sterling Bank and Trust Co. yesterday named Mark H. Anders president and chief executive.Mr. Anders, 41, said he plans to build the $80-million-asset bank's small business loan portfolio as a complement to its private banking department.He said there is a "tremendous" market for local businesses that have sales of less than $5 million annually."The small businessman . . . has not been particularly well served," Mr. Anders said., "The small businessman wantsto be stroked. He also wants to be dealing with decision-makers."
NEWS
By Frederick N. Rasmussen, The Baltimore Sun | May 11, 2014
Ober S. Herr Jr., a retired Carroll County banker and community activist, died Thursday of renal failure at his Westminster home. He was 87. Ober Samuel Herr Jr. was born and raised in Westminster, where he grew up in a home on Ridge Road. He was a grandson of William Roberts McDaniel, who had spent 65 years at Western Maryland College as a student, professor, administrator and trustee. In 2002, college trustees changed the name to McDaniel College in his honor. Mr. Ober was a 1944 graduate of Westminster High School and interrupted his college education at Western Maryland College to enlist in 1945 in the Navy, where he served as an aviation machinist's mate.
NEWS
October 5, 1997
Names in the newsW. Stephen Pindell has joined Taneytown Bank and Trust Co. as vice president and commercial loan group manager. Pindell will oversee the commercial lending program and he will head business development in the region.
NEWS
December 16, 1990
TANEYTOWN - Taneytown Bank and Trust has appointed Barbara Harrington as its new marketing director to coordinate advertising, events and public relations for the company.Harrington is a graduate of the University of Maryland at College Park and has a degree in marketing. She comes to Taneytown Bank and Trust from Wheaton Plaza Regional Shopping Center, where she served as the events coordinator.
NEWS
February 24, 1994
Carroll Bank employees complete trainingEd Miller, Judy Casey and Sharon Byron, employees of Carroll County Bank and Trust Co. in Westminster, have completed the Small Business Administration's Pro-forma Statement Training Program. Participants learned how the SBA views the preparation of an adjusted balance sheet to arrive at tangible net worth.Carroll County Bank and Trust has its headquarters in Westminster. The bank serves Carroll County through 11 branch offices.
NEWS
December 31, 1995
Taneytown Bank and Trust names Brown vice presidentTaneytown Bank and Trust Co. has announced that G. Michael Brown has joined the commercial lending division as a vice president.Mr. Brown will develop new business and service current customers in the bank's market area.The Carroll County native is a graduate of Salisbury State University.Previously, he was a senior vice president in lending at Sequoia Bank in Baltimore. He had also worked for the Bank of Maryland in Towson.
NEWS
December 30, 1992
Representatives of local banks interested in forming a community development bank will meet with members of Carroll County's Economic Development Office in mid-January, county business development manager William Jenne told county commissioners Monday.The bank, to be financed by the county government and local commercial banks, would make low-interest loans to businesses seeking to locate in Carroll."This would be for-profit to help businesses who cannot apply for a commercial loan, but are still good investments," Mr. Jenne said.
NEWS
October 13, 1996
Rogers appointed to Springfield boardGov. Parris Glendening has appointed Ben C. Rogers of Westminster assistant vice president and business development officer of the citizens advisory board of Springfield State Hospital in Sykesville.The board is made up of appointed business leaders and others whose responsibility is to assume leadership in developing community understanding of the needs of those who have mental disorders.Rogers, who joined Carroll County Bank and Trust Co. in 1993, will work directly with the staff and patients of the hospital.
NEWS
By JACQUES KELLY and JACQUES KELLY,SUN REPORTER | December 24, 2005
Henry C. "Harry" Moesinger Jr., who rose from a clerk to become a vice president of Maryland National Bank, died of sepsis Monday at the Manor Care Towson nursing home. He was 84. Born in Baltimore and raised on Normal Avenue, he attended St. James the Less School and was a 1938 City College graduate. He earned an accounting degree from the old Baltimore College of Commerce while working at the National Marine Bank on Gay Street, an institution that served the shipping industry. When World War II broke out, he served in the Army and worked at a hospital in the South Pacific.
NEWS
BY A SUN STAFF WRITER | August 28, 2004
A former Baltimore schools employee who admitted stealing more than $200,000 from the financially ailing school system was sentenced in federal court yesterday to 18 months in prison and ordered to forfeit two luxury cars. Lewis E. Williams, 61, of Baltimore had pleaded guilty in both U.S. District and Baltimore Circuit courts to charges related to the theft of rental payments he had collected on behalf of the system between April 2002 and September last year. Williams, who was in charge of renting school buildings and facilities to outside groups, accepted checks totaling more than $220,000 that were made out to the school board but then deposited that money into a Mercantile Bank and Trust account he controlled, prosecutors said.
NEWS
By Sheridan Lyons and Sheridan Lyons,SUN STAFF | April 19, 2004
R. Edwin Disharoon Sr., a retired bank president and former chairman of the old Baltimore & Annapolis Railroad -- as well as an avid yachtsman -- died April 12 of a heart attack at his home at Heron Point in Chestertown. He was 93 and previously had lived in Annapolis for 67 years. Born in Nanticoke, Mr. Disharoon attended the University of Maryland and then went to work for Roberts Construction Co., building Ritchie Highway in the 1930s. By then in his 30s, Mr. Disharoon joined the military at the outset of World War II and served with the Army Corps of Engineers, heading the map room in planning the Normandy invasion, said his son, Robert E. Disharoon Jr. of Annapolis.
NEWS
June 17, 2003
On Monday, June 2, 2003 JAMES HERALD BEST OF Baltimore, MD died of natural causes at Beebe Medical Center in Lewes, DE. The former Camp Hill, PA. resident was 54 years old. Mr. Best was born on December 27, 1949 to the late Herald A. Best and Arlene Ames Best. The late Arlene A. Best was a member of the Mayflower Society and Daughters of the American Revolution. He is survived by his sons J. Brian Best, who is currently serving in the United States Air Force stationed in Japan, Charles A. Best and Michael W. Best who both currently reside in Camp Hill, PA., and his companion of five years Dr. Frederick Stoner.
NEWS
By Joe Nawrozki and Joe Nawrozki,SUN STAFF | November 5, 2002
Three men and a woman have been indicted on federal charges in a series of armed bank robberies in four Maryland counties that netted at least $100,000, the office of the U.S. attorney for Maryland announced yesterday. The suspects were identified as Donte Rolando Harris, 28, and Billy Campbell Harding, 25, both of Baltimore; Juan Deante Dixon, 30, of Randallstown; and Sherone Denise Barnes, 39, of Waldorf. Harris, Harding and Barnes are in federal custody, while Dixon is a fugitive, officials said.
BUSINESS
August 13, 2002
New positions Gourlay new vice president of trade center institute The World Trade Center Institute announced the appointment of Peter R. Gourlay as vice president for business development. He will provide WTCI client-members with insights into the risks and opportunities of doing business abroad. Gourlay was previously with CNA Financial Corp., where he assisted clients in the construction and design fields with overseas business. The Marine Corps veteran is a graduate of Frostburg State University.
NEWS
December 8, 1991
The Taneytown Bank and Trust Co. Board of Directors has declared a fourth quarter dividend of 14 cents per share.The dividend will bepaid Jan. 2, 1992 to stockholders of record Dec. 16, 1991. The Boardof Directors also approved a 25 percent stock dividend to be paid Jan. 2 to stockholders of record Dec. 16.The bank's total assets were $148.2 million and total deposits were $133.1 million on Sept. 30.Taneytown Bank and Trust is headquartered in Taneytown, with six full service branches in Carroll County.
NEWS
June 9, 1994
Directors of Mason-Dixon Bancshares, parent corporation of Carroll County Bank and Trust Co., have declared a 34-cents-per-share dividend. The dividend, payable Wednesday, will be paid to stockholders of record as of June 3, 1994.The second-quarter dividend reflects an increase of 6.25 percent above the previous dividend paid.Earnings for the three months ending March, 31, 1994, totaled $1,850,994, an increase of 10 percent over the same period in 1993. Net income per share was $1.27, compared with $1.16 for the same period in 1993 (average shares outstanding of 1,454,634 and 1,452,134)
BUSINESS
September 17, 2001
New positions Pennysaver names Bumba marketing manager Pennysaver Group Inc. promoted Tracy Bumba to marketing manager of the Hanover-based weekly shoppers guide. She supervises the marketing department as well as the development of promotional advertising campaigns. A graduate of Towson University, she is pursuing a master's degree at the Johns Hopkins University. Banking and finance Madera is vice president at Key Bank and Trust Key Bank and Trust hired Martin H. Madera as vice president of commercial lending for the Owings Mills-headquartered bank, where he will advise clients as a commercial lender and business development officer.
NEWS
April 12, 1999
The South Carroll Republican Club will meet at 7: 30 p.m. tomorrow in the community room of Carroll County Bank and Trust Co. in Eldersburg.County school board member Joseph D. Mish will discuss recent board decisions and answer questions.Refreshments will be served afterward.The bank is at Routes 32 and 26. Use the door to the left of the bank lobby.Information: 410-781-6316.FireGamber: Firefighters responded at 7: 27 p.m. Thursday to investigate smoke in the 600 block of Klees Mill Road.
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