John Hanson

The troubled parent company of John Hanson Bank FSB announced yesterday that federal regulators are revoking a capital agreement with the bank because monetary requirements weren't met.The Treasury Department's Office of Thrift Supervision will ask Bethesda-based John Hanson Bancorp Inc. to consider a consent decree that could impose such restrictions as a prohibition on all lending and investments, or even the appointment of a conservator or receiver, John...

100 Years Ago Neighbors in war and peace Social news from Lawyers Hill in the Times: "Miss Warfield was the guest of Miss Mary Bowdoin on Sunday last. " From Pfeiffer's Corner social column: "Miss Alice Wheeler spent the weekend in the home of her brother in Baltimore. " According to an 1860s U.S. Geological Survey Map, Pfeiffer's Corner's surrounding neighbors were John Smallwood's acreage and Trinity Chapel. Neighbors a bit to the south were the Dorseys, Millers, Ridgleys and Rollinses.

As area residents tuck into their traditional Maryland crab cakes and sauerkraut this Thanksgiving Day, they might want to take a moment away from all the palaver about pilgrims and Plymouth Rock to reflect on the Maryland statesman who really created the national holiday celebrated Thursday - John Hanson of Charles County. Or so say Hanson supporters. Actually, there is considerable disagreement among historians on who established the holiday. Hanson served as "President of the United States in Congress Assembled" under the Articles of Confederation in 1781 and '82. The Articles preceded the U.S. Constitution as an organizing document among the colonies.

We mean no disrespect to John Hanson, a Colonial-era planter from Charles County whom most Marylanders haven't heard of, much less most Americans. He was a dedicated champion of American liberty from Great Britain and served in a variety of political posts during the Revolution and its aftermath, culminating in a one-year term as the first president of the Continental Congress under the Articles of Confederation. But the idea of replacing him as one of Maryland's two representatives in the U.S. Capitol's Hall of Statuary with Harriet Tubman is a good one. Hanson shares Maryland's allotment of two statues with Charles Carroll, a signer of the Declaration of Independence and arguably the most important figure in the state during the era. No one is considering him for removal from the hall.

We mean no disrespect to John Hanson, a Colonial-era planter from Charles County whom most Marylanders haven't heard of, much less most Americans. He was a dedicated champion of American liberty from Great Britain and served in a variety of political posts during the Revolution and its aftermath, culminating in a one-year term as the first president of the Continental Congress under the Articles of Confederation. But the idea of replacing him as one of Maryland's two representatives in the U.S. Capitol's Hall of Statuary with Harriet Tubman is a good one. Hanson shares Maryland's allotment of two statues with Charles Carroll, a signer of the Declaration of Independence and arguably the most important figure in the state during the era. No one is considering him for removal from the hall.

The federal Office of Thrift Supervision has asked the management of John Hanson Savings Bank to consider signing a "consent agreement" that may include appointing a conservator or receiver, the troubled Beltsville thrift said today in a release.The board of the savings and loan said that it will consider the proposed terms and will most likely comply.Deposits at John Hanson, which has 15 branches in Maryland, continue to be insured by the Federal Deposit Insurance Corp.The action comes after regulators rejected the thrift's plan to raise capital.

The financially strapped parent company of John Hanson Savings Bank FSB said yesterday that it expects to be unable to raise $10 million by year-end and will not meet capital requirements as planned under an agreement with federal regulators.The Beltsville-based thrift, with 15 branches and $875 million in assets, said it would continue its attempts to raise the additional funds "from all viable sources" and that it was working closely with the Office of Thrift Supervision, the federal agency that oversees the nation's savings and loan industry.

John Hanson Savings Bank F.S.B.This Beltsville-based bank said yesterday it earned $480,000, or 8 cents a share, during its first fiscal quarter, which ended Sept. 30, compared with earnings of $2.1 million, or 37 cents a share, a year ago.John Hanson's operating results, however, represented a slight improvement over last year's first quarter during which the bank recorded one-time income of $2.7 million from the sale of $95 million of residential loans and securities.The company said that excluding last year's one-time gain, it recorded "substantial improvements" in its operating activities over last year, though the company's prepared statement did not elaborate.

John Hanson Bancorp, unable to attract much-needed capital and suffering a large loss during the first three months of the year, has been placed under strict operating supervision by regulators because the company has fallen well below required capital levels.The Beltsville-based thrift, owner of John Hanson Savings Bank FSB, said yesterday that it lost $22.3 million, wiping out the stockholders' equity in the company and leaving it with liabilities that were $1.1 million greater than its assets.

Edward R. Butler has 10 days to come up with more than $122,000 or he could finally lose his West Baltimore catering facility.Bankruptcy Judge E. Stephen Derby yesterday ordered John Hanson Savings Bank to hold off its auction of the Palladium scheduled for today. The reprieve is the latest in Butler's struggle to keep John Hanson and other creditors from selling the facility to satisfy debts. This auction was scheduled after Butler fell five months behind in mortgage payments on a $1.4 million loan used to build the hall, which opened in 1986.

A battle of historic proportions is shaping up in the Maryland General Assembly. On one side: admirers of Harriet Tubman, the Eastern Shore woman who famously helped slaves travel to freedom on the Underground Railroad. On the other: fans of John Hanson, a son of Southern Maryland and president of the Continental Congress, a precursor to the government of the United States. Maryland, one of the original 13 colonies and rich in history, typically embraces all of its notable figures.

Margaret B. "Peggy" Krebs, a longtime Ruxton resident who was known for her homemade jams and chocolate sauce, died Friday of a stroke at Greater Baltimore Medical Center. She was 91. Margaret Lillington Boyden was born in Washington and raised near Glendale Heights in Prince George's County. She was educated in public and private schools, including St. Catherine's School in Richmond, Va. She attended American University and worked in the offices of the Washington National Cathedral before her 1941 marriage to Leon A. "Krebbie" Krebs.

As area residents tuck into their traditional Maryland crab cakes and sauerkraut this Thanksgiving Day, they might want to take a moment away from all the palaver about pilgrims and Plymouth Rock to reflect on the Maryland statesman who really created the national holiday celebrated Thursday - John Hanson of Charles County. Or so say Hanson supporters. Actually, there is considerable disagreement among historians on who established the holiday. Hanson served as "President of the United States in Congress Assembled" under the Articles of Confederation in 1781 and '82. The Articles preceded the U.S. Constitution as an organizing document among the colonies.

IT'S AN OBSCURE piece of history long taught in some Maryland schools, hidden in some history books: A Charles County patriot named John Hanson - not George Washington - was the first president of the United States. This arcane truth, dear to Hanson's descendants and other Marylanders, says the country was formed in 1781 with the ratification of the Articles of Confederation, and someone had to be running the country a full eight years before Washington became president under the much-improved U.S. Constitution.

WALDORF - Forty-three minutes is only enough time for Cynthia W. Corbett to get started. There's so much to do: The teacher needs to read with her John Hanson Middle School students, have them read by themselves, work on the more complicated reading they have for their science and social studies classes and help them with their writing. One period - those 43 minutes - would never have cut it and would surely not have helped this Charles County school boost its scores on the Maryland School Performance Assessment Program in every subject every year since the test was created.

JOHN HANSON Highway between Annapolis and the Prince George's County line is also known as U.S. 50 and 301.Here's another name: Interstate 595.The highway that runs east and west, to and from Washington -- better known as the way to reach the beach -- has been designated an interstate, State Highway Administration spokeswoman Valerie Burnette Edgar said.Don't look for any signs bearing the I-595 logo."That would be too confusing to drivers," Edgar said. "They've written books about Route 50, drivers know it as Route 50 -- and we've decided to keep the signs up that say Route 50 only."

WALDORF - Forty-three minutes is only enough time for Cynthia W. Corbett to get started. There's so much to do: The teacher needs to read with her John Hanson Middle School students, have them read by themselves, work on the more complicated reading they have for their science and social studies classes and help them with their writing. One period - those 43 minutes - would never have cut it and would surely not have helped this Charles County school boost its scores on the Maryland School Performance Assessment Program in every subject every year since the test was created.

Gladys Hanson Millar Maglidt, who was Miss Maryland at the Fair of the Iron Horse in 1927, died July 24 of heart failure at her residence in Roland Park Place. She was 89.She had been chosen by the Baltimore and Ohio railroad to participate in the 1927 pageant at Halethorpe that commemorated the railroad's 100th anniversary. After the fair, the railroad sent her throughout the country as a goodwill ambassador.She joined the B&O in 1920 and worked in the treasurer's office until her retirement in 1945.