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NEWS
By John Murphy and Mary Gail Hare and John Murphy and Mary Gail Hare,SUN STAFF | January 29, 1999
Already reeling from the loss of the downtown post office and Mather's department store, Westminster officials learned yesterday that plans for a $6 million development and 135 new jobs have been canceled as part of a bank merger.The news came with an announcement that Westminster-based Carroll County Bank & Trust Co. would be acquired by BB&T Corp. of Winston, N.C."As of yesterday, 135 new jobs were created. As of today, the world has changed," said Karen Blandford, Westminster's manager of housing and community development.
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NEWS
April 11, 1999
Carroll County's Third District Democratic Central Committee will meet at 7 p.m. tomorrow at the Eldersburg branch of Carroll County Bank & Trust to discuss solutions to the county's problems.Growth, taxes, education and other issues will be discussed.District 3 encompasses Freedom voting precincts 5-2 through 5-5, Woolery's (Finksburg) precincts 4-2 through 4-4, and Westminster precinct 7-8.The Third District committee's members are Sue Hoffman, Bernie Jones, Tom McCarron and Laura O'Callaghan.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Sun Staff Writer | October 22, 1994
Mason-Dixon Bancshares Corp. said yesterday that it has signed a letter of intent to acquire Bank Maryland Corp. of Towson.Mason-Dixon, parent of Carroll County Bank and Trust Co., will pay $11.8 million in cash and give Bank Maryland shareholders 278,000 shares of Mason-Dixon stock, said company President Thomas K. Ferguson. The overall value of the deal is $26.3 million, or $13 per share of Bank Maryland stock.Mr. Ferguson said the deal is expected to close by June 30, 1995, pending approval from stockholders and regulators.
NEWS
December 15, 2002
Primm joins staff of McDaniel College in development Marcus Lee Primm is joining the staff of McDaniel College as special assistant in development. He will oversee the Carroll County Student Grant Program, which has provided more than $4.5 million in scholarships to more than 3,000 Carroll County students since its inception in 1984. He also will help launch the Green and Gold Club, a program that will be the official booster society for McDaniel College varsity athletics. A 1989 alumnus of the college, Primm spent most of his career at Carroll County Bank and Trust, later purchased by BB&T.
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
By Sheridan Lyons and Sheridan Lyons,SUN STAFF | September 23, 1999
Two top officials of a North Carolina bank flew to Westminster yesterday to console the city with $2.25 million for the loss of its "crown jewel" -- the planned redevelopment of the old Farmers Supply site downtown by Carroll County Bank & Trust Co.The $6 million project, which featured new headquarters for the local bank, fell through when Carroll County Bank & Trust was acquired in a $260 million transaction this year by BB&T Corp. of Winston-Salem.The contribution yesterday by BB&T includes $2 million toward a planned parking garage and $125,000 to readvertise the property, plus a $125,000 check to Town Center Corp.
NEWS
By Amy L. Miller and Amy L. Miller,Sun Staff Writer | April 19, 1994
After more than a year of work, the Carroll County Development Corp. (CCDC) is open for business.William E. Jenne, administrator of the county's Office of Economic Development Administrator, delivered that news to the county commissioners yesterday.The organization joins five local banks to help provide financial assistance for new or expanding companies beyond what a conventional loan can provide.Officials from Carroll County Bank and Trust, First National Bank, Frederick County National Bank, Taneytown Bank and Trust and Union National Bank each contributed about $100,000 as an initial investment to be lent to companies that show promise.
NEWS
July 27, 1998
PoliceWestminster: A resident of South Court Street reported Thursday that someone stole his bicycle from his residence. Loss is estimated at $200.FiresWestminster: Firefighters from Westminster, Manchester, Reese and Pleasant Valley responded at 7: 42 a.m. Friday to a heater fire in the first block of Pennsylvania Ave. Units were out 20 minutes.Westminster: Firefighters responded at 9: 43 p.m. to a fire alarm on Stoner Avenue. Units were out one hour.Grading permitsWestminster: Carroll County Bank & Trust Co., addition, 410 Englar Road; 7,875 square feet disturbed.
NEWS
April 10, 1998
South Carroll Republican Club will meet at 7: 30 p.m. Tuesday in the community room of Carroll County Bank and Trust Co. in Eldersburg.A panel of supporters and opponents will debate the proposal for charter government with a county executive and council to replace the commissioner system in Carroll County. Copies of the proposed charter will be available.Refreshments will be served.The bank is at Routes 32 and 26; entrance is by the door at the left of the bank lobby.Information: 410-781-6316.
NEWS
By Maria Blackburn and Maria Blackburn,SUN STAFF | May 31, 2001
Thomas K. Ferguson, a former Carroll County bank president and CEO, is one of two candidates seeking an appointment to the Westminster Common Council. Ferguson, who led Carroll County Bank & Trust Co. for 18 years before its purchase by BB&T Corp., has submitted a letter expressing his interest in the seat left vacant with Kevin E. Dayhoff's election as mayor. Baltimore Police Sgt. Frank E. Wagner Jr., who finished last in the four-person race for two council seats on May 14, also has expressed interest in filling the remaining two years of Dayhoff's term.
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