A Week In Business

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Bank Declares Dividend

BERLIN – Reese Cropper, Jr., chairman of Calvin B. Taylor Bankshares, Inc., recently announced that the Board of Directors declared a $1.30 per share special cash dividend to shareholders of record date Sept. 5. This special dividend was paid on Sept. 16.

“We are pleased to report that our company earnings, through mid-2008, continue to outperform that of our peers due to our conservative lending and investment philosophies. Our well funded capital account has become increasingly important to customers concerned about the safety and soundness of their deposits during these difficult economic times,” said Cropper.

Even with this cash payout of almost $4 million, Calvin B. Taylor Bankshares continues to maintain a capital account of approximately 20 percent of assets. The bank’s Tier 1 capital ratios are consistently four times the level considered to be adequately capitalized by banking regulators.

“We wish to remind our customers and stockholders that Taylor Bank is safe, sound, stable, and secure. We are proud of our bank’s performance during a period when many financial institutions, nationwide, are incurring significant loan losses and asset write-downs due to bad investments,” Cropper said.

Calvin B. Taylor Bankshares, Inc. is the parent company to Calvin B. Taylor Bank, headquartered in Berlin. The bank, with assets totaling $364 million as of June 30, operates through 10 branches located in Worcester County and Sussex County in Delaware.

Company Leaders

BETHANY BEACH, Del. – ResortQuest/Seacoast Realty announced August’s top producers for all nine locations at a recent sales meeting.

Marc Grimes of the Bear Trap Dunes office received top honors for listing volume for the month of August.

Top listing volume awards for individual agents by office are: Marc Grimes for the Bear Trap Dunes office; Gail Phelan for the Edgewater Office at Sea Colony; Sandy Greene and Ellen McCreary for the Bethany Beach office; Linda Quasney for the Bayside office; Despina Kaneles for the Marketplace at Sea Colony office; and Wayne Phillips for the Ocean City office.

Tammy Hadder and Anna Meiklejohn of the Marketplace at Sea Colony office received top honors for sales volume for the month of August.

Top sales volume awards for individual agents by office are Tammy Hadder and Anna Meiklejohn of the Marketplace at Sea Colony office; Gail Phelan of the Edgewater office at Sea Colony; Maryhelen Garst of the Bear Trap Dunes office; and Jane Baxter for the Bethany Beach office.

Team Dayna Feher of the Bethany Beach office received top honors for listing volume as a team.

Top listing volume team award by office are: Team Dayna Feher for the Bethany Beach office (Team Dayna Feher consists of Dayna Feher, Betsy Hoyle, Kae Quillen, Tammy Hitchens & Jeff Wolfenbarger); Team Winwaik for the Marketplace at Sea Colony office (Team Winwaik consists of Colleen Windrow and Missy Nalewaik); and Team Jen/Anne for the Bayside office (Team Jen/Ann consists of Jen Hughes and Anne Powell).

Team Dayna Feher received top honors for team sales volume for August.

Top sales volume team award by office are:  Team Feher for the Bethany Beach office and Team Winwaik for the Marketplace at Sea Colony office.

Top Producer

SALISBURY – Atlantic/Smith, Cropper & Deeley has announced Clifford "Kip" Martin as top producer for the month of August. Martin specializes in life and health insurance and has been with the agency since 2003.

OCEAN PINES – The Ocean Pines Area Chamber of Commerce recently announced its annual awards.

Business Of The Year goes to Carrabba’s Italian Grill, Adam Osborn and his team of employees for their success and community involvement. Since the restaurant opened in 2004, this team has volunteered for events that have generated a conservative estimate of $300,000 in fundraising for over 50 non-profit organizations.

The Citizen(s) Of The Year goes to the Kiwanis Club of Ocean Pines-Ocean City. It is a first for the chamber to name an organization as Citizen Of The Year, but it was an obvious choice, according to officials, because the Kiwanis Club has volunteered many hours of service to the community and generated numerous scholarships.

Ambassador Of The Year is Sherri Lassahn, who has attended the majority of ribbon cuttings, Business After Hours and Power Hour Breakfasts and has repeatedly changed her personal plans to volunteer for fundraising events

The new Ocean Pines Area Chamber Board of Directors has also been announced. It includes President, Chip Bertino, The Courier; Vice President Wes McCabe, Taylor Bank; Secretary Megan Jennings, Atlantic General Hospital; Treasurer Cynthia Walston, Countrywide Home Loans; Past President Ron Fisher, Peninsula Regional Health Systems; Returning Board Members Jim Patton, House Doctors, and Terri Mahoney, Comcast Spotlight; and new Board members, Rita O’Neill, Rita’s World of Wine and Beer, and Terry Testani, Shamrock Realty Group.

The honored citizens and board will be recognized at the chamber’s annual dinner at Phillips Seafood House on Oct. 9 beginning at 6 p.m. Tickets are $35. Reservations are required by contacting the chamber at

410-641-5306.

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